Lending & Credit
South Korea’s deposit, loan interest rates rose in May
South Korea’s deposit, loan interest rates rose in May
                                                                                                 
                        
                          Average interest rate for new deposits rose 15 basis points from April.
                    
                                        
                    
                Taiwan’s B2B sector sees bad debt triple
                                                                                                 
                        
                          The local chemicals industry has as high as 12% of B2B debt turning sour.
                    
                                        
                    
                Chinese banks face tough balancing act of keeping profits, buoying economy
                                                                                                 
                        
                          Smaller banks face being left in weaker financial positions, Natixis warns.
                    
                                        
                    
                Thai bank earnings rise in Q2, but bad loans slated to rise
                                                                                                 
                        
                          Rising costs and no more relief from the regulator will cause a rise in the bad loans ratio.
                    
                                        
                    
                SMEs embrace flexible payments as consumers seek digital options
                                                                                                 
                        
                          This is accompanied by the rise of biometrics to safeguard accounts.
                    
                                        
                    
                Monetary tightening tests Australia’s residential mortgage-backed security market
                                                                                                 
                        
                          Rising interest rates will put pressure on arrears, said S&P.
                    
                                        
                    
                Real estate woes threaten Chinese banks’ profits: Natixis
                                                                                                 
                        
                          Bad loans are growing whilst new regulations' effects are yet to reflect.
                    
                                        
                    
                Weekly Global News Wrap: State Street not buying Credit Suisse; Italy to expire bad loan scheme
                                                                                                 
                        
                          And China gives the first nod to revive Ant IPO.
 
From Reuters:
Financial services and bank holding company State Street has denied reports that it...
                    
                                        
                    
                Weekly Global News Wrap: Swiss gov’t directs major banks to boost liquidity; UniCredit widens buyer search for Russian assets
                                                                                                 
                        
                          And Deutsche Bank’s DWS CEO steps down amidst greenwashing allegations.
                    
                                        
                    
                Japan megabanks’ bad loans edge up to highest in six years
                                                                                                 
                        
                          Billion-dollar exposures to Russia contributed to the negative outlook.
                    
                                        
                    
                Bank Raya offers instant bailout funds for faster small loan disbursements
                                                                                                 
                        
                          Borrowers can access up to US$1,700 in loans.
                    
                                        
                    
                Maybank adopts cautious outlook amidst geopolitical tensions, volatility
                                                                                                 
                        
                          The Malaysia lender saw its Q1 profits fall compared to the same period last year.
                    
                                        
                    
                Thailand bank loans up 6.9% in Q1
                                                                                                 
                        
                          Corporate loans continue to grow whilst consumer loans slowed amidst the Omicron outbreak.
                    
                                        
                    
                Weekly Global News Wrap: Deutsche Bank not financing $3.5b Africa oil pipeline; Berkshire Hathaway bets $2.9b on Citi
                                                                                                 
                        
                          And Goldman Sachs reach a $79.5m shareholder settlement over 1MDB fiasco.
                    
                                        
                    
                HDBank signs MOU with IFC to build supply chain finance portfolio
                                                                                                 
                        
                          HDBank hopes to build a supply chain finance portfolio of $1b over the next three years.
                    
                                        
                    
                South Korean banks’ household lending rise in April
                                                                                                 
                        
                          Corporate lending rose to its second-highest monthly figure ever.
                    
                                        
                    
                Malaysia’s Public Bank raises lending rate by 0.25%
                                                                                                 
                        
                          The new base rate will be 2.25%, and base lending rate at 5.72%
 
Public Bank is increasing its Base Rate (BR), Base Lending Rate (BLR) / Base...