Lending & Credit
BIDV lowers interest rates again
BIDV lowers interest rates again
BIDV lowered interest rates for exporters, agricultural producers and small companies by 0.5 percentage points starting December 19.
Korea's self-employed get 33.9% of SME loans
The amount of money borrowed by self-employed entrepreneurs in South Korea accounted for 33.9 percent of all loans taken out by SMEs.
Korea's bank loans to self-employed people reach $88.8B
Bank loans in South Korea taken out by self-employed business owners reached a record high in November.
Macao's private sector lending up 0.1% in Oct.
Domestic loans to local private sector in Macao is up 0.1 percent in October.
BIDV offers low-interest loans for exporters
BIDV will provide a package of preferential loans worth VND5 trillion or US$240 million to boost exports in select sectors.
Techcombank to support SMEs with German loan
Techcombank will use a long-term loan from the German Investment and Development Company to assist small and medium-sized businesses in Vietnam.
Bank of Korea needs to lower interest rates: ING research
A "new neutral" policy interest rate for the Bank of Korea is required by the new normal world.
Singapore's bank lending growth slows in Oct.
Singapore dollar lending in October grew a modest 0.3 percent to 406.5 billion Singapore dollars only.
ABBank to keep bad debts ratio below 3% until year end
ABBank aims to keep its bad debts ratio below 3% until the end 2011.
Vietnam banks may have insufficient funds to invest in debt
According to Bloomberg, Vietnam’s two-year government bonds snapped a three-day rally.
Korean lenders to increase loan-loss reserves by over 20 %
Korean lenders will increase their loan-loss reserves by more than 20 percent to cope with a potential global financial crisis.
Singapore banks warned on threats from foreign currency loans
The central bank warns of a sudden spike in global risk aversion that can hurt the Singapore banking system.
Morgan Stanley to put up Indonesian brokerage
Morgan Stanley plans to set up a brokerage business in Indonesia in the middle of next year to capitalize on its accelerating economy.
Chinese banking regulators warn lenders on risks from unprofitable gov't projects
And worse, loans to property developers are doomed to sour as sales slow.
OCBC Bank issues loans to acquire Australian properties
OCBC Overseas Property Financing-Australia is also a ringgit-based loan.
Temasek and Khazanah hire banks for S$5b property development loans
Eight lenders will contribute to the five-year bullet facility, according to Bloomberg.
Korean banks increase long-term foreign borrowing
South Korean banks rushed to secure long-term foreign currency loans to prepare for a possible crisis.
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