Lending & Credit
VietinBank's leasing arm to hike chartered capital
The State Bank of Vietnam has issued a decision to amend the chartered capital of VietinBank-CTG’s Financial Leasing one-member Ltd Co.
VietinBank's leasing arm to hike chartered capital
The State Bank of Vietnam has issued a decision to amend the chartered capital of VietinBank-CTG’s Financial Leasing one-member Ltd Co.
Indonesian banks asked to slash interest rates to fuel growth
Indonesia's commercial banks were told to cut interest rates on loans to less than 10 percent to fuel economic growth.
Chinese regulators reclassify local govt debts as corporate loans
Local government debts in China are being reclassified as general corporate loans to ease banks’ provisioning requirements for potential bad loans.
Mizuho to increase overseas branches from 33 to 50
The lender also plans to buy an investment bank in Asia.
Myanmar reduces bank loan interest rate
Myanmar reduced bank loan interest rate from 12 percent to 10 percent to encourage private entrepreneurs to carry out business undertakings. Aimed...
BIDV lowers interest rates again
BIDV lowered interest rates for exporters, agricultural producers and small companies by 0.5 percentage points starting December 19.
Korea's self-employed get 33.9% of SME loans
The amount of money borrowed by self-employed entrepreneurs in South Korea accounted for 33.9 percent of all loans taken out by SMEs.
Korea's bank loans to self-employed people reach $88.8B
Bank loans in South Korea taken out by self-employed business owners reached a record high in November.
Macao's private sector lending up 0.1% in Oct.
Domestic loans to local private sector in Macao is up 0.1 percent in October.
BIDV offers low-interest loans for exporters
BIDV will provide a package of preferential loans worth VND5 trillion or US$240 million to boost exports in select sectors.
Techcombank to support SMEs with German loan
Techcombank will use a long-term loan from the German Investment and Development Company to assist small and medium-sized businesses in Vietnam.
Bank of Korea needs to lower interest rates: ING research
A "new neutral" policy interest rate for the Bank of Korea is required by the new normal world.
Singapore's bank lending growth slows in Oct.
Singapore dollar lending in October grew a modest 0.3 percent to 406.5 billion Singapore dollars only.
ABBank to keep bad debts ratio below 3% until year end
ABBank aims to keep its bad debts ratio below 3% until the end 2011.
Vietnam banks may have insufficient funds to invest in debt
According to Bloomberg, Vietnam’s two-year government bonds snapped a three-day rally.
Korean lenders to increase loan-loss reserves by over 20 %
Korean lenders will increase their loan-loss reserves by more than 20 percent to cope with a potential global financial crisis.
Singapore banks warned on threats from foreign currency loans
The central bank warns of a sudden spike in global risk aversion that can hurt the Singapore banking system.
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