Lending & Credit
Malaysia's private loans grew 5.5% in July
Malaysia's private loans grew 5.5% in July
Growth of working capital loans drove up the number of business loans.
Bank of China to weather potential losses, asset quality strains: S&P
Bad loans ratio for its mainland property loans has shrunk to 4.94% in June 2024.
Agricultural Bank of China to withstand property crunch
Exposure to the mainland property sector has shrunk to 3.67% of its loan book.
UnaFinancial reaches $2b in loan disbursements
At least 65% of its 17.7 million customers get another loan from them.
Banks must expand net zero targets, set clearer O&G goals: org
Japan, SoKor have yet to set medium and long-term targets aligned with a 1.5°C scenario.
PH banks’ loans up 10.4% in July
Growth of loans to residents slowed over the month.
BCA walks the talk on sustainable finance
The Indonesian bank considers the environment and governance in its lending decisions.
Thaioil takes up sustainable deposits, linked swaps with SCB
Funds from deposits will support projects that reduce environmental impact.
Thailand’s loan growth slows to 0.3% in Q2 as SME loans contract
The central bank said there is a need to continue to monitor SMEs’ debt serviceability.
South Korea unveils new credit blocking program against phishing scams
Voice phishing scams reportedly amounted to over $146m in 2023.
CIMB launches green loan for SMEs
They can receive rebates of up to 0.4% depending on their targets.
MUFG invests $338.5m in India’s DMI Finance
DMI Finance has provided loans to 15.2 million customers in India as of March 2024.
South Korean banks’ net income down 11% in H1
Interest income grew but net interest margin (NIM) dipped.
Aussie mutual lenders may consolidate to fewer than 10: analyst
Up to 40 mutual lenders may consolidate and potentially disappear, said S&P analyst Lisa Barrett.
Krungthai Card to miss loan growth target for 2024
It should be able to maintain its NPL ratio below 2% for the whole year.
Malaysia’s corporate loans grow faster in Q2
Household loans grew at the same pace as in Q1.
SME Bank partners with MARC to support Malaysian SME growth
They will combine their expertise in data and business coaching.
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