Lending & Credit
ACB wins lawsuit to recover $1.3M from Indochina Airlines
The HCM City People’s Court has ordered Indochina Airlines to pay US 1.3 million dollars to the Asia Commercial Bank.
ACB wins lawsuit to recover $1.3M from Indochina Airlines
The HCM City People’s Court has ordered Indochina Airlines to pay US 1.3 million dollars to the Asia Commercial Bank.
Loan delinquency among South Korean banks down in September
Loan delinquency among South Korean banks is lesser in September due to a reduction in new delinquent loans and massive resolution of existing...
Brisk loan growths in Singapore to ease in 2012 on fears of global uncertainties
Systemic loans in September surged 3.1% - guess which sector pulled the loans up?
SME Bank approves 62% more loans
SME Bank approved loans totalling RM1.3 billion in September this year, said managing director Datuk Mohd Radzif Mohd Yunus.
Yes Bank increases rates by up to 2%
Yes Bank hiked its saving rate by 2% hours after the Reserve Bank of India deregulated savings rates.
CIMB Niaga, BCA earnings boosted by surge in loans, fee revenue
Bank Central Asia and Bank CIMB Niaga, posted strong earnings in the first nine months of the year due to strong loan growth, according to a Jakarta...
Bank Mandiri sees 21% surge in lending in 2012
The bank believes it would be able to reach its target if Indonesia’s economic growth expands more than 6% next year.
Bank Rakyat Indonesia 2012 loans to grow 20%
The lender’s profit soared 58% to $771.2mn) in the first half.
BIDV to further cut dong lending rate
Bank for Investment and Development of Vietnam lowered the lending interest rates for Vietnam dong further by 1-2 percentage points from the current...
Fitch gives Mega ICBC an A-
The bank’s earnings are expected to remain robust until 2012, underpinned by a gradual widening of net interest margins.
Bad mortgages reach a whopping $69b since 2007
Blame it on JP Morgan’s recent disclosure of its $1.3b new expenses related to faulty mortgages and foreclosures.
Citigroup to pay $285m penalty for misleading investors
This is the third-biggest fine for such conduct and SEC’s latest action against banks.
Liquidity shortage hamper small Vietnamese banks
Local small Vietnamese lenders were forced to borrow in interbank market with sky-high interest rates after seeing massive deposits outflows.
Chinese government vigilant for ‘shadow bankers’
More than 80 businessmen mysteriously disappeared or committed suicide to avoid repaying debts to informal lenders.
Philippine banks to put PEACe bond tax in escrow
Eight local lenders asked the court to stop the government from imposing a 20% tax on interest income from Php35b worth of bonds.
Bank Mandiri sees 27% loan growth by yearend
The lender sees growth to beat the initial 22% estimate.
Japan bank loans down by 0.3% in September
Japanese banks lent 0.3 percent less in September compared from a year earlier, reports Reuters.
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