Lending & Credit

SG banks get negative Moody’s ratings due to NPLs

SG banks get negative Moody’s ratings due to NPLs

Moody's revised the outlooks of the banks' financial strength ratings or BFSRs of three Singapore banks from stable to negative.

Public Bank registers 4% loan growth for 1st quarter

Public Bank reported a loan growth of US$1.4 billion to reach US$38.8 billion as at the end of March 2009. The growth, pegged at 4 percent, is much...

BEA launches plan for property buyers

A new mortgage plan that enables property buyers to enjoy first-year monthly installments of as low as US$430 was launched by the Bank of East Asia.

BEA launches First-year Effective Rate P3.28%

The Bank of East Asia (BEA) has launched a new mortgage plan offering a first-year mortgage rate of P3.28 percent (prime rate) for Emerald Green...

HSBC halts prime rate cutback

HSBC will maintain its Hong Kong benchmark lending rate at 5 percent per annum last changed on 10 November 2008.

Chinese banks binging on debt to boost capital

Desperate times call for desperate measures and times couldn’t be more desperate than they are now in the Chinese banking sector with economic growth...