Lending & Credit
Maybank targets double-digit growth for prepaid cards
Maybank expects to issue 10,000 prepaid cards within the next 12 months as it targets double-digit growth in the sector within three to four years.
Maybank targets double-digit growth for prepaid cards
Maybank expects to issue 10,000 prepaid cards within the next 12 months as it targets double-digit growth in the sector within three to four years.
Indian banks face more farm loan defaults
A massive drought is leading to a wave of farm loan defaults that threatens to boost the non-performing loans of Indian banks. The Reserve Bank of...
Australian banks accused of cheating on home loans
A consumer advocate has accused Australian banks before a Senate inquiry of providing home loans to those who can't afford home loans, and tampering...
Household loan growth hits 4-month low among Korean banks
Household loans grew at the slowest pace in four months in July among South Korean banks as the growth of mortgage lending eased amid a tepid...
S. Korea's Eximbank raises credit line with Russia's OAO Sberbank
The Export-Import Bank of Korea raised its credit line with Russia's OAO Sberbank to help finance South Korean companies' business projects.
Private sector credit in APAC to reach 148% of GDP by end-2012
The rapidly rising leverage will constrain the banks' upward rating momentum, says Fitch.
BDO to establish US$2 billion EMTN program
BDO Unibank, the Philippines’ largest bank in terms of assets, looks to lower funding costs.
Philippines' Security Bank posts 29% loan growth
Expansion in various industries pushed Security Bank's loan portfolio up by 29 percent in the first half of 2012.
Chinese banks move to finance local businesses
Banks are being encouraged to stimulate China’s economic growth at the local level by lending more to local governments and business firms.
Thai loan growth to continue in Q3
Banks and non-bank institutions will continue to experience loan growth in the third, to a June survey by the Bank of Thailand.
Bank of India picks seven banks for $175M loan
Bank of India is mandating a seven-bank group for a $175m two-year loan.
Indian and UK financial regulators forge stronger alliance
HSBC’s admission to money laundering for criminal syndicates compels regulators from both countries to exchange more information.
CITIC to acquire CLSA Asia Pacific Markets
CITIC Securities Company Ltd is about to complete the acquisition of Credit Agricole’s Hong Kong-based brokerage for US$1.25 billion.
China in for short-lived economic recovery
Positive growth metrics mask the uncomfortable reality that a recovery of China’s economy in the second half will be temporary.
Bank TPN's net income up 57.4%
Bank Tabungan Pensiunan Nasional's net income increased by 57.4 percent to Rp 921 billion or $98 billion in the January-June period.
14 Vietnam banks make 62% of bad bank debts
Vietnam's 14 biggest banks accounted for as much as 62% bad debts of the whole banking system, based on yet another research report.
HSBC India found deficient vs laundering, terror financing
The staff of HSBC India have come under the scanner for deficiencies in acting as "offshore reviewers" against money laundering and terrorist...
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