Lending & Credit
Bank Mandiri allocates $4.3 B for SMEs
Bank Mandiri allocates $4.3 B for SMEs
Bank Mandiri is allocating about 4.3 billion U.S. dollars of loans to SMEs across the country this year,
Possible consequences of letting Chinese banks buy time
The Financial Times and other media outlets reported yesterday that the Chinese authorities plan to “instruct” banks to roll over their credits to...
Car manufacturer urges banks to be considerate in implementing guidelines
Perodua urged local banks to implement new guidelines in stages to allow a soft landing for both the players and consumers.
Maybank expects Indonesian unit to grow loans by 20%
Bank Maybank Indonesia expects lending to grow by 20 percent this year, according to a top executive.
Chinese investors in massive retreat from loans
China’s Big Four banks have less and less to cheer about as the year stumbles on.
Malaysia's automotive loan guidelines pulls down car sales
New guidelines for automotive loan borrowers will be discussed following the 25 % drop in sales of new motor vehicles last month, says Proton.
Higher education loans in Malaysia to be coursed through Maybank or Bank Islam
All loan applicants under the PTPTN must open an account with the SSPN through Maybank or Bank Islam.
Malaysia's Finance Ministry, banks boost aid to rural entrepreneurs
Malaysia's Finance Ministry along with banks have created a finance cluster to help traders and entrepresenurs in Rural Transformation Centres ...
Anti-Money laundering group to explain Thai position
The Anti-Money Laundering Office will explain Thailand's position after the Financial Action Task Force labelled the country "high-risk".
ANZ to protect margins with increased interest rates
ANZ chief executive Mike Smith promised to protect future profits by again raising lending rates independently of the Reserve Bank.
Thailand's KBank to lend $9.85M to Chinese car maker
The Kasikorn Group will lend Dongfeng Automobile more than US$9.85 million as the latter builds its presence in Thailand.
ICBC processes over $15.8 B inter-bank bill discounts in 2011
ICBC Bill Department has processed outright inter-bank discount of bills to a total of over RMB 100 billion or US$ 15.887 billion in 2011. Nearly 70%...
Pakistani banks failing to mobilise deposits
While Pakistani banks are earning profits, they failed to mobilise deposits which fell between June and November 2011 and in January 2012. There was...
ICBC offers equipment leasing service for SMEs
ICBC Leasing has provided equipment leasing service for 300+ SMEs with credit facility totaling over RMB 5 billion in 2011.
ICBC Beijing posts over 60% growth in small business loans in 2011
ICBC Beijing branch's total outstanding small business loans grew more than 60% to nearly RMB 15 billion by end-2011.
High bank costs for Australia's Big 4 attributed to Euro crisis
A senior offical of Australia's Reserve Bank attributed claims by the big four banks that funding costs are rising to the European crisis.
ANZ warns of another rate rise as cost pressure continues
ANZ Bank warned of more unilateral interest rate increases as funding markets remain fragile and could blow out again.
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