News
Indonesia’s banking credit to slow down in 2014
Caused by effort to stabilize the economy. Central bank governor Agus Martowardojo expects credit to expand slower from 15.5% to 16.3% next year from this year's credit growth estimate of 20%. Part of the stabilization program is the effort to keep the Indonesia’s current account deficit at a favorable level, he said. High interest rates in the banking sector are also causing banking credit to falter. "With the current higher banks' interest rate, it is going to push the growth of the credit to the range (of 15.5% to 16.3%)," said Martowardojo.
Indonesia’s banking credit to slow down in 2014
Caused by effort to stabilize the economy. Central bank governor Agus Martowardojo expects credit to expand slower from 15.5% to 16.3% next year from this year's credit growth estimate of 20%. Part of the stabilization program is the effort to keep the Indonesia’s current account deficit at a favorable level, he said. High interest rates in the banking sector are also causing banking credit to falter. "With the current higher banks' interest rate, it is going to push the growth of the credit to the range (of 15.5% to 16.3%)," said Martowardojo.
Philippines’ Metrobank plans to raise US$464 million
Will tap the market for negotiable long-term deposit instruments.
Philippine central bank approves 143 applications for new bank offices
Approval was granted from April to June.
Here's why some Asian Central Banks are raising rates
An easy exit from their current account deficits?
2 risks that could drag Thai banks' growth outlook
Moody's tags outlook as 'stable'.
Aussie central bank gets US$8.8 billion from government
Infusion to strengthen the bank’s financial position.
Taiwan’s RTGS system adds renminbi to Swift platform
Is a faster and more efficient way of processing RMB.
Citi launches automated cross-border sweeping in Korea
Hyundai Glovis among the first beneficiaries.
India lends US$2.29 billion to public sector banks
Bonanza to be followed by a second tranche in early 2014.
China’s banking system's net forex purchases rocket in September
Jumps 3,600% to US$20.7 billion from US$4.5 billion in August.
China may tighten cash supply
Fears rising home prices are fueling inflation.
3 biggest threats to Singapore banks' 2014 earnings outlook
Fears rise over Asian market deterioration.
Thai banks' total net profit pegged to jump 25%
Here's what will drive loan demand.
Siam Commercial Bank's profit edged up 1% to THB12.7b
Loan also grew 1.7%.
SGX and BOC to jointly develop China’s capital markets
Explore joint development of renminbi products and services.
JPMorgan will offer mutuals in China
Fund will go to institutional and corporate investors.
India could soon launch interest rate futures
Part of move to deepen its financial markets.
Thought Leadership Centre
In Association with
Resource Center
Read Here
Advertise
Sign Up
Event News
The bank’s digital solutions are winning over younger generations with 3.
Partner Sites
Thought Leadership Centre
In Association with