Lending & Credit
Chinese banks ready for credit card war
They musn't be reading the same newspapers as us, because China Minsheng Bank is planning to issue 15 million credit cards over the next three years.
Chinese banks ready for credit card war
They musn't be reading the same newspapers as us, because China Minsheng Bank is planning to issue 15 million credit cards over the next three years.
Moody's lowers JEM ratings from A2 to A3
Moody's Investors Service has downgraded the long-term ratings of JEM Southbank Pty Limited to A3 from A2. The outlook is stable.
Maybank Singapore loans doubled over 9 months
Maybank Singapore doubled its loan portfolio, mostly with new customers, under Spring and IE Singapore Financing Schemes from December 2008. Eighty...
Wing Lung Bank chalks up corp banking growth
Hong Kong’s Wing Lung Bank said its corporate banking division expects to grow corporate loans 30 percent this year.
Oops, they cut the dividend
Indonesia’s Bank Rakyat says it will cut dividends 35 percent as it faces government pressure to crank out loans with loan growth expected at 22...
Chinese Banks make "crazy" loans to prop up China Eastern Airlines
Crazy Chinese bank lending continues apace with news that three of China’s government-controlled banks have just lent over US$6 billion to an airline...
China's big banks risk 90's loan debacle repeat: Fitch
Massive government-directed lending by China's top banks to roads and railroads risk repeating credit mistakes of 90's which cost $650 billion to...
ANZ bad debts double to AUD$1.37 billion
Ex HSBC banker and now ANZ chief Mike Smith may be regretting pumping AUD1$million into his bank last year, given the bank just blew its profit...
Taiwanese banks face profit wipeout on restrictions
How does a cut in your interest rate from 20 percent to 9 percent sound? Not great if you are a Taiwanese bank, which may see the government cap...
Bank of Taiwan's profit plan: increase risky loans
It has lost money for two straight months this year, yet Bank of Taiwan plans to start making money by increasing loans at higher interest rates to...
Effecting a ‘prison’ escape from binding loan terms
Quirky. . . clever. . . captivating. These three words best describes GE Money Singapore’s advertising campaign for JAMES that features a humorous...
Bank Rakyat assists laid-off borrowers
Bank Rakyat is prepared to extend the loan repayment period of borrowers who have been retrenched. The bank's objective is to ease borrowers'...
SG banks get negative Moody’s ratings due to NPLs
Moody's revised the outlooks of the banks' financial strength ratings or BFSRs of three Singapore banks from stable to negative.
Public Bank registers 4% loan growth for 1st quarter
Public Bank reported a loan growth of US$1.4 billion to reach US$38.8 billion as at the end of March 2009. The growth, pegged at 4 percent, is much...
BEA launches plan for property buyers
A new mortgage plan that enables property buyers to enjoy first-year monthly installments of as low as US$430 was launched by the Bank of East Asia.
BEA launches First-year Effective Rate P3.28%
The Bank of East Asia (BEA) has launched a new mortgage plan offering a first-year mortgage rate of P3.28 percent (prime rate) for Emerald Green...
HSBC halts prime rate cutback
HSBC will maintain its Hong Kong benchmark lending rate at 5 percent per annum last changed on 10 November 2008.
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Why Philippine banks, insurers embrace hyper-personalized services
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Insurance
Industry experts push for the rapid progress of unified customer data as a starting point.
Industry experts push for the rapid progress of unified customer data as a starting point.
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