Lending & Credit
Standard Chartered completes first trade loan referencing USD SOFR in Hong Kong
The trade loan was for Qatar National Bank.
Standard Chartered completes first trade loan referencing USD SOFR in Hong Kong
The trade loan was for Qatar National Bank.
South Korea’s corporate loan growth quickened in Q3: report
This was thanks to a rise in loans made to the service sector during the period.
South Korean banks’ average mortgage rates hit three-year high: report
The 3.26% interest rate average is its highest since November 2018.
Weekly Global News Wrap: JP Morgan CEO apologises for CPP joke; Leadership shake-up tests Mexico’s financial regulator
And China urges lenders to extend support to advanced manufacturers, other industries.
UOB simplifies and amplifies Singaporeans' green energy journeys with U-Energy
The bank seeks to help address the energy crisis and rising electricity costs, says UOB’s Jasper Wong.
Henderson Land secures HK$2.5b green loan from Bank of China Hong Kong
The loan is unsecured and has a tenure of three years.
Citi raises record $40b sustainable financing for APAC clients in 2021 YTD
This was thanks to Alibaba’s $5b offerings and a $2.5 bond issuance by SK hynix.
China offers banks cheap funding for lending to green firms
The central bank is willing to lend 60% of the required funds at a 1.75% rate.
Standard Chartered partners with Kredivo to offer BNPL in Indonesia
Assets of fintech players in the country grew by more than IDR1t or by over $70m.
China deems 19 banks 'too big to fail'
These banks face new capital and regulatory requirements.
Indonesia’s Bank Raya, BRI unveil online loan facility for BRILink Agents
Agents can apply for the loan through the BRILink Mobile application.
FIs need to set clear net-zero goals else loans, assets deteriorate: Moody’s
Delayed goals and actions would hurt banks’ asset and loan quality in the future.
South Korean banks’ loan delinquency ratio up in August: report
The delinquency ratio has been on the decline since May 2018.
South Korean bank’s household loans rise faster in September: report
There is an increased demand for loans for home purchases and 'jeonse.’
Japan’s rural banks embrace more risks in search of profits
Their greatest enemy is time as business opportunities need years to take fruit.
CIMB Bank PH's gross transaction value triples in nine months
The bank now has nearly 5 million customers in total, and almost 1 million lending customers.
APAC banks on track for LIBOR phase-out: S&P
Singapore banks are leading the way in adopting alternative reference rates.
Commentary
Generative AI’s role in the evolution of banking