Lending & Credit

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.

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.

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.