News

Establishment of the new branch is slated for early 2023.

Almost half of the total value of business-to-business invoices was overdue.

It will cover six markets, with HSBC and Allianz offering life and non-life products.

Jahrling joined Citi as co-head of ECM in 2021.

The new rate is 0.03 percentage points higher than the previous 2-year fixed rate.

The card offers up to 10% cash rebate and Pay Later options.

The local chemicals industry has as high as 12% of B2B debt turning sour.

Indonesia’s BCA and StanChart Taiwan also topped the list.

Financial service institutions are hurtling towards a new frontier in the financial industry, navigating drastic changes in regulations and customer demand, new sustainability-related risks, and intensifying competition.

Technology is very much one if not the most  influential factor rapidly transforming the financial services industry, with decentralized finance and buy now pay later being key focus areas, according to the analysts and market leaders taking part in the first panel of the Asian Banking & Finance Summit 2022.

Users can gradually replay in flexible installments.

Tech failures will have significant reputational and regulatory consequences for banks.

It will be issued under a $41.5b (US$30b) global medium term note programme.

Rising costs and no more relief from the regulator will cause a rise in the bad loans ratio.

Over 380,000 clients are expected to be affected once they leave the market by end of the year.

Sources said that the deals, worth billions of won, were executed over the past year.