Lending & Credit
BCBS accepts S. Korea's monetary stabilization deposit proposal
BCBS accepts S. Korea's monetary stabilization deposit proposal
The BCBS accepted South Korea's proposal to ease monetary stabilization account deposit rules that can reduce the burden on lenders.
South Korea to probe bank loans
South Korea's central bank will evaluate loans extended by major banks to households and firms in a bid to ensure financial stability.
Union Bank of India hit by Moody’s downgrade
Moody’s Investors Service downgrades the rating of Union Bank of India, one of India's largest state-owned banks.
Malaysia's corporate loans expected to surge
More corporate loans are expected In Malaysia this year and offset the expected slowdown in household loans this year.
Woori Bank raided over lending irregularities
Police raided the headquarters of Woori Bank on suspicionof irregularities and bribe taking in exchange for giving massive loans for a resort project...
HSBC Malaysia to finance coal power plant for $2.1B
HSBC Bank Malaysia will finance a 1,000MW coal-fired power plant in Tanjung Bin for US$2.114 billion.
Vietnam banks still cautious on lending
Fears of credit availability still linger as banks remain cautious towards new lending.
CIMB Niaga’s micro loans surge 352% to $130.9M
CIMB Niaga's micro lending segment surged 352 percent last year to Rp 1.2 trillion or US$130.9 million from Rp 271.9 billion in the previous year.
India cuts banks’ reserve ratio to jolt flagging economy
The Reserve Bank of India surprised everyone by reducing the amount of deposits banks must set aside as reserves effective March 10.
Chinese bank lending lower than expected in February
Chinese banks extended 710.7 billion yuan or $112.5 billion in new loans in February, well below market expectations of 750 billion yuan.
Malaysian and Hong Kong banks to offer Islamic finance in China
Affin Holdings and Bank of East Asia expect their Islamic bank to become operational by 2H12.
BCA, Mandiri top $1.1B net profit in 2011
Bank Mandiri and Bank Central Asia may have broken the US$1.1 billion or Rp 10 trillion mark in net profits.
Malaysian banks to post 7% earnings growth this year: Analyst
Malaysia's banking sector is expecting a seven percent earnings growth this year.
Loans gush from top Chinese banks
The Big Four Chinese banks ramp up lending in an effort to stave off a further weakening of the Chinese economy.
Agribank to double lending growth by 2015
Agribank aims to expand its operations and double its credit growth by 2015 even as it undergoes a partial privatisation.
Chinese banks loosens stranglehold on struggling property market
China begins to relent after two years of resorting to almost Draconian measures to cool down an overheated property market.
CIMB Niaga to lend $19.7M to Hotel Sahid
Hotel Sahid Jaya will use US$13 million from the US$ 19.7 milion it will borrow to refinance its loans from Mega Bank.
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