Lending & Credit
Weekly Global News Wrap: Citi’s commercial business to hire 900 staff; Russian payments pivot to China amidst sanctions
Weekly Global News Wrap: Citi’s commercial business to hire 900 staff; Russian payments pivot to China amidst sanctions
And global financial conditions are expected to tighten further over the coming years.
Gov't support, high vax rates buoy Korean banks’ asset qualities: Fitch
But increased competition in lending may give rise to risks in the long-term.
Chinese banks seek workarounds amidst sanctions against Russia: report
Top banks reportedly mull passing some of their business to small domestic-focused peers to avoid secondary sanctions.
Could China’s financial infrastructure play 'white knight' to embattled Russia?
Any move to play saviour could also damage China, warns Natixis.
Singapore banks halt lending for Russian energy trades: report
DBS, OCBC, and UOB have reportedly stopped issuing letters of credit.
Chinese banks urged to support affordable rental housing dev't: report
This comes after Beijing vowed to keep the property market stable.
UOB to facilitate US$2.4b pipeline of investments in Vietnam
This is expected to create 13,000 jobs in the country.
APAC banks face lower credit losses: S&P
Credit losses in 86 banking systems globally are expected to equal $635b in 2022.
Thailand banks’ loans grew 6.5% in 2021
But gross non-performing loans rose slightly during the year.
Taiwan SME loans reach $310b in December 2021
The FSC also reported numbers on credit card, cash card, and e-payment businesses.
Bank of the Philippine Islands’ asset quality is on the path for improvement: S&P
The bank’s non-performing loans ratio is expected to further decline in 2022.
South Korean banks’ mortgage rates hit highest level in seven years: report
The loan rate averaged 3.63% in December, 0.12 ppt higher than a month earlier.
Recent rate cuts to shave off $7.2b from Chinese banks’ net interest income
The impact on mortgage loans will not be felt until January 2023.
Bad loans of Philippine alternative lenders to decrease in 2022: study
The rate of their bad loans has hovered around 10% to 10.5%.
ING appoints ex-Westpac senior director as head of real estate finance in Australia
Darren Beatty has worked for the institutional banking teams of Westpac and CBA.
Financial institutions key for energy investments, B&R Initiative to go green: PwC
Decisions on green finance now will lock in emissions trajectories for decades.
South Korean banks' lending fell in December
This marked the first on-month decline for a month of December since 2004.
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