Lending & Credit
South Korea household loans down in January to $405M
Household loans in South Korea went down to US$405 million in January from US$2.49 billion December due to sluggish housing market.
South Korea household loans down in January to $405M
Household loans in South Korea went down to US$405 million in January from US$2.49 billion December due to sluggish housing market.
South Korea's corporate lending surges to $504B
South Korean banks' corporate lending rose sharply in January from the previous month, with a particular growth in lending to big corporations.
Indian banks asked to refrain from overvaluing houses on home loans
The Reserve Bank of India ordered all commercial banks to refrain from overvaluing houses while providing loans.
Pakistani banks to write off loans of rice millers, traders
The government of Pakistan will pick up 50 percent of the outstanding loans including mark-up of rice millers/traders.
India's ICICI gets $300M loan deal with Japanese banks
JBIC will provide $180 million, while SMBC and Bank of Tokyo-Mitsubishi UFJ are funding $120 million to ICICI Bank.
Indian banks face unfazed by 2G cancellations
Indian banks should be able to absorb loan-losses stemming from the cancellation of second-generation mobile licenses without materially impairing...
China Ex-Im Bank lends $41M for Bahamas projects
China's state-owned Export-Import Bank will will provide a $41 million loan for the bridge and port in the Bahamas.
Tight Malaysian lending rules affecting car sales, Perodua
Compact car manufacturer Perodua has asked Bank Negara Malaysia to ease up on tight loan conditions for hire purchase of cars.
Vietinbank to lend US$100M for mining
Vietinbank signed a US$100 million loan for the Nhan Co Alumina mining project in the central highland province of Dak Nong.
IOB plans recovery of $302.8M from loan accounts
Indian Overseas Bank is hoping to recover around US$302.8M this fiscal to reduce its non-performing assets, said a top bank official Saturday.
Loan delinqunecy ratio on a 2-year low for Korean banks
The loan delinquency ratio of South Korean banks registered a two-year low in December after resolving massive overdue loans.
ICBC extends RMB 4.7B petty loans to county households in 2011
ICBC provided personal petty loans to over 12,000 individual industrial and commercial households in the counties in 2011, totaling RMB 4.7 billion.
Philippines faces volatile banking crisis
The Philippines’ financial system isn’t as immune to the worsening Eurozone debt crisis as it thinks it is.
Vietinbank, Vinacomin sign $100M credit contract
VietinBank and Vinacomin have signed a credit contract worth $100 million to finance Nhan Co aluminum factory.
Woori Bank inks 2-part loan for refinancing
Seven international banks aided to arrange the deal.
State Bank of India to increase microfinance portfolio by 50%
The lenders exposure to the MFI sector has a significant amount for micro lenders serving small borrowers.
ICBC embarks on direct finance service to support economic restructuring and upgrade
This year, ICBC will continue the launch of direct finance service to support economic restructuring and upgrade, the Bank announced.
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