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Property woes, unemployment threaten structure letting Chinese banks offload bad loans
NPL securitisations allows banks to sell NPLs to a vehicle.
Property woes, unemployment threaten structure letting Chinese banks offload bad loans
NPL securitisations allows banks to sell NPLs to a vehicle.
Dah Sing Bank temporarily closes its Maritime Square Branch
It will reopen in 13 August.
Grab unveils US$1m GrabScholar programme, new GrabMerchant Centre
The superapp aims to support small businesses and upskill the future workforce.
BOC HK, BOC Life launch green savings insurance plan
It offers up to a 3% annualised guaranteed rate of return at policy maturity.
Atome Financial secures US$100m debt facility with HSBC Singapore
It operates buy now pay later platform Atome and Indonesia’s Kredit Pintar.
Asset quality of South Korea’s big banks to remain supported as interest rate rise
But bad loans are expected to rise moderately.
India tightens rules for digital lending
Lenders may no longer increase credit limits without the consent of the borrower.
Maybank enables Singapore, Malaysia card users to link with ApplePay
This includes users of Mastercard and Visa credit, debit, and prepaid cards.
Dah Sing Bank temporarily closes Mei Foo Sun Chuen Branch
It will reopen on 11 August.
OCBC enables direct CPF account top-ups from digital app
This makes OCBC the first bank to enable this outside of the CPF website.
Dah Sing Bank temporarily shutters Shek Tong Tsui branch
Customers are advised to use mobile or internet banking services.
Indonesia’s fintech investments bucks global trend, hits record high in H1
Payment gateway Xendit raised $300m in its Series D funding to help push up the numbers.
Hong Kong’s ZA Bank launches investment fund service
All subscription fees are waived until 31 December 2022.
Robocash names Kirill Kalashnikov as APAC regional director
Kalashnikov was country manager for the Philippine online lender Digido.
Japan bank lending up 1.8% to record $4.36t in July: report
Companies are borrowing money due to the rising costs of raw materials, an official said.
Buy Now, Pay Later firms' credit losses on the rise
The largest BNPL providers have doubled their delinquency rates over the past few quarters.
India’s Yes Bank improves credit profile following $1.1b equity capital raise
The billion dollar capital raising will strengthen resilience against asset quality risks.
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