Lending & Credit
South Korean banks' vulnerability intensifies amidst renewed pandemic onslaught
South Korean banks' vulnerability intensifies amidst renewed pandemic onslaught
The new outbreaks could lead to an extension of relief loans, which will weigh on profits.
South Korea passes new law on P2P lending
Lenders are required to have a capital of at least $421,000.
Singapore's retail loans to shrink 2.5% in 2020
New loan applications have declined as consumers are cautious of falling under debt.
Weekly Global News Wrap: Over $425b European loans deferred; Goldman Sachs, Barclays mull buying GM's credit card arm
And JPMorgan hires former UK finance minister Sajid Javid.
OCBC floats new SORA-based home loan
It is available for all loan types such as completed properties and properties under construction.
South Korea's major banks likely to retain aid for small firms
Authorities are seen to ask banks to extend support beyond September.
China's new loan prime rate to further hurt banks' profitability
The decline in average loan yields will deepen as more loans are repriced.
China's P2P online lenders owe over $115b to investors
They have also dropped to just 29 across the country.
Relief extension for Chinese shadow banks beneficial but limited: Fitch
It will not offset the impact of investor risk aversion.
Improvement in sight for India's shadow lenders
But concerns still remain amongst investors amidst asset quality concerns.
Banks' loan delinquency rate falls to record low in June: report
Delinquency rate for loans extended to both companies and households declined.
South Korean bond issuance soared 73.5% to $17.5b in July
This is due to higher sales of low-grade bond issues through private placement.
South Korean banks' consumer loans rise 2.3% in July
People scrambled to buy apartments before prices rose too high.
Indian banks rush to lend against $1.5t hoard of gold
Firms are expanding their gold-backed loans to accommodate families sitting on $1.5t hoard of the precious metal.
Singapore bank loans skid for fourth straight month in June
Total loans fell 1% YoY, the first since 2016.
South Korea's corporate loans rise sharply amidst the pandemic
Loans soared 14.9% from January-May compared to a year earlier.
Majority in APAC still hope to move from LIBOR despite pandemic: poll
Three-fifths have have seen their transition plans grinding to a halt.
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