Lending & Credit

SCB offers new saving interest rate benchmark

SCB offers new saving interest rate benchmark

Saigon Commercial Joint Stock Bank is offering new interest rate benchmark in both dong and US dollar whereby the non-term deposit interest rate in...

Kasikorn Bank to spur small tourism business

The lender collaborated with tourism institutions in Thailand to offer a $484,496 soft loan to operators.

Siam Commercial Bank retains 18% loan growth target in 2011

The lender still optimistic of the goal despite expected slowing down of lending growth in the fourth quarter.

Westpac earns $1.5bn in residential mortgage securities

Australia’s top 4 banks, which include Westpac, hold $1tn loans portfolio in mortgages.

Japan’s megabanks receives $43bn credit offer for M&A abroad

The offer is part of a government program releasing $100bn of forex reserves to JBIC to spur purchases overseas.

RHB and Credit Guarantee Corporation to enhance SME financing

The tie-up’s Enhancer Direct scheme to assist viable SMEs that are unable to secure financing due to insufficient collateral.

Vietnam’s Agribank says bad debt level safe

Agribank said it faces no finacial problems even though it has a bad debt of 6.67 percent of its total loans.

UOB plans doubling cross-border business lending

The lender has set up a Foreign Direct Investment Advisory unit to drive the increase in business.

ABC firms up support for Xinjang development

Chinese banks and neighbor banks should enhance cooperation between Asia and Europe amd the rapid development of Xinjang, said Mr. Che Yingxin...

Korea's loan delinquency rate up in August

 South Korean banks' loan delinquency rate rose for the second straight month in August from a month earlier.

Household loans in Korea finally down after 8 months

Household loans from banks are down in South Korea for the first time in eight months in September as lenders try to curb growing household debt. Ko...

Chinese banks extend lending to small firms

Chinese banks have extended more loans to small firms to ease their financial predicaments as the government tightens monetary supply.

Vietnam’s Agribank unhampered by bad debts

Agribank said it faces no finacial problems even as 6.67 percent of its total loans are bad debts.

UOB, OCBC lend $105M to Yinson Securities

Yinson Holdings has signed agreements with UOB Group and Oversea-Chinese Banking Corp Ltd for a US$105 million or RM334.2 million loan.

Banking Amendment Bill positive for Australian banks: Moody’s

The proposed amendments would allow banks, credit unions and building societies to issue covered bonds in the Australian market.

Australian banks grab majority share of new home loans

Most non-bank lenders were absorbed by giant banks after the financial crisis.

Citi opens fourth lending company in China

Chongqing Beibei Citi Lending is the bank’s first lending company located in the western region of China.