Lending & Credit
South Korean financial firms to tighten lending standards in Q4: survey
South Korean financial firms to tighten lending standards in Q4: survey
The 18 banks polled indicated that they will be pickier on approving loans.
DBS unveils financing solution to boost SMEs’ sustainability ventures
The DBS Eco Renovate Loan allows SMEs to finance up to 100% of their expenses related to sustainability.
Chuseok, mortgage demand drive up Korean banks’ lending in September
Home mortgage demand grew by $4.49b (KRW6.1t) in August.
Malaysian banks face flattish NIMs amidst slower-than-expected loan growth
Dividend yield will remain attractive, however, says UOB Kay Hian.
Funding Socities | Moldaku raises $27m in debt
AlteriQ Global, Augment Capital Partners, and Orange Bloom participated in the fund raising.
Thailand’s TMB Thanachart Bank to see higher profits in Q3
Net profit is expected to come at around $117.5m, 14% higher than a year ago.
CIMB Philippines triples revenue, doubles loan portfolio in H1
The digital-only bank now has 7.13 million customers in total.
HSBC earmarks $1b to support climate tech start-ups
They hope to fund start-ups offering a range of climate tech solutions.
SCB, SMBC act as lead arrangers, coordinators for €500m green loan
The Thai company plans to use proceeds for refinancing purposes.
Weekly Global News Wrap: Morgan Stanley rolling out gen AI support for FAs; Russia’s Sovcombank sues HSBC to recover debt
And private equity firms allege fraud as they seek $750m from Morgan Stanely.
Standard Chartered launches sustainable trade loan
The loan will be available for select eligible activities, such as installation of wind turbines.
MUFG closes $404m green loans to build two data centres in Jakarta
This is MUFG’s second project financed greenfield data centre transaction in APAC in 2023.
Korean banks’ lending to corporates, SMEs rise in August
Loans extended to large corporations and SMEs both rose during the month.
Mortgages drive demand for South Korean household loans in August
Demand for other loan types fell, however.
CIMB raises sustainable finance target to $13.7b by 2024
The bank has already directed close to $9.6b in sustainable finance since 2021.
Chinese banks cut deposit rates: report
The banks cut deposit rates between 5 and 25 basis points.
Weekly Global News Wrap: US floats stricter regional bank rules; Some China banks to cut mortgage rates
And Wells Fargo has agreed to return $40m in overcharged fees to 11,000 customers.
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