Lending & Credit
Hong Kong banks’ composite interest rate falls 4bp to 2.61% in May
Hong Kong banks’ composite interest rate falls 4bp to 2.61% in May
This was due to a decrease in weighted funding cost for deposits during the month.
Thai banks grapple with slowing exports and weak consumer sentiment
Fitch has revised its loan growth estimates to 3% from 5% previously.
APAC banks grapple with rising commercial real estate risks
Office vacancies have jumped and CRE prices have dropped.
South Korea’s corporate financing dropped in May
Equity issues and IPO volumes plummeted during the month.
Balance of Taiwan’s cash card loans is $372.4b in April
There are 0.3 million cash cards recorded during the month.
Credit Agricole names new chief representative officer for Indonesia
Alexis Rafiidson succeeds Xavier Roux, who is retiring.
Ant International unveils microlending service bettr
It has partnered with Thailand’s AWC to start.
Rapid loan growth weighs on Bank of Suzhou’s capital ratios
The bank is expected to maintain good asset quality over the same period.
Malaysia's private sector credit grows 5.4% in April
Thanks to higher growth in both outstanding loans and corporate bonds.
Hong Kong mortgage loans drawdown rises by 9.9%
This was translated to $1.69b in loans.
Philippine’s bank loans expand by 9.6% YoY in April
It was higher than the previous month’s 9.4%.
Siam Commercial Bank shares crisis lessons from pandemic
The bank’s early investment in tech helped it grow its digital customer base to 17 million.
New Zealand sets new debt-to-income restrictions in lending
It reduces the amount of high-DTI loans that local banks can lend out.
China’s measures to fix property slump raises risks for banks
Lower down payments may embolden buyers to walk away, analysts warned.
Credit Data Smart ushers in new era of credit scoring in Hong Kong
It’s expected to promote healthy competition and improve credit knowledge of locals.
SG fintech UnaFinancial establishes microfinance company in Uzbekistan
The installment loans to be offered will have repayment terms of 3, 6, or 9 months.
India’s HDFC Bank clinches $500m to support microlending for women
The loan will enable the bank to grow its microlending to women, HDFC said.
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