Lending & Credit
IOB plans recovery of $302.8M from loan accounts
IOB plans recovery of $302.8M from loan accounts
Indian Overseas Bank is hoping to recover around US$302.8M this fiscal to reduce its non-performing assets, said a top bank official Saturday.
Loan delinqunecy ratio on a 2-year low for Korean banks
The loan delinquency ratio of South Korean banks registered a two-year low in December after resolving massive overdue loans.
ICBC extends RMB 4.7B petty loans to county households in 2011
ICBC provided personal petty loans to over 12,000 individual industrial and commercial households in the counties in 2011, totaling RMB 4.7 billion.
Philippines faces volatile banking crisis
The Philippines’ financial system isn’t as immune to the worsening Eurozone debt crisis as it thinks it is.
Vietinbank, Vinacomin sign $100M credit contract
VietinBank and Vinacomin have signed a credit contract worth $100 million to finance Nhan Co aluminum factory.
Woori Bank inks 2-part loan for refinancing
Seven international banks aided to arrange the deal.
State Bank of India to increase microfinance portfolio by 50%
The lenders exposure to the MFI sector has a significant amount for micro lenders serving small borrowers.
ICBC embarks on direct finance service to support economic restructuring and upgrade
This year, ICBC will continue the launch of direct finance service to support economic restructuring and upgrade, the Bank announced.
ICBC focuses on extending credit loans to SMEs in 2012
ICBC will aggressively extend the "Small Convenient Loan", credit loans to small and micro enterprises, in areas in China where a lot of small and...
Small Vietnamese banks breach interest-rate cap
After lying low for several months, several banks, especially smaller ones, appear to be again breaching the 14 per cent cap.
Maybank Offers Six-month Moratorium For Flood Victims
Maybank is offering a six-month moratorium for flood victims till June 30, 2012.
Philippines expects loan growth in 2012
The Bankers' Association of the Philippines (BAP) believes demand for loans will grow by 15% to 20% this year because of the country’s sound...
Macao's private sector lending down 0.3 % in November
Macao's loans to local private sector decreased by 0.3 percent month-to-month in November to US%20.57 billion.
Chinese central bank bans bill sales ahead of Lunar New Year
The People’s Bank of China will suspend sales of its three-month bills ahead of the Lunar New Year holiday on Jan. 23.
VietinBank's leasing arm to hike chartered capital
The State Bank of Vietnam has issued a decision to amend the chartered capital of VietinBank-CTG’s Financial Leasing one-member Ltd Co.
Indonesian banks asked to slash interest rates to fuel growth
Indonesia's commercial banks were told to cut interest rates on loans to less than 10 percent to fuel economic growth.
Chinese regulators reclassify local govt debts as corporate loans
Local government debts in China are being reclassified as general corporate loans to ease banks’ provisioning requirements for potential bad loans.
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