News

Singapore’s financial regulator expects to publish the draft framework in the coming months.

The average frequency of credit card usage in the country grew 137.5 times in 2022.

The country signed a similar agreement with four other countries.

NPLs across the 39 domestic banks in the country totalled US$1.98b.   Taiwan banks’ average non-performing loans ratio stood at 0.16% in May, 0.05 percentage points lower than in the same month in 2021, according to data released by the Financial Supervisory Commission (FSC).   NPLs across the 39 domestic banks in Taiwan totalled US$1.98b (NT$57.58b), an increase of US$0.01b (NT$0.32b) from the $1.97b (NT$57.16b) as of end April.   Total outstanding loans across 39 domestic banks rose to $7.14b (NT$207.5b) during the same period.

In Q2, the country's global market share by deal value jumped to 6.4%.

And UBS appoints Iqbal Khan as head of its wealth management division.

Blockchain & Crypto firms snagged the lion's share of deals, but enthusiasm may wane amidst new regulations.

BEA is required to disclose data publicly on financed emissions within the next three years.

The polyester used is partly made from recycled plastic bottles.

The loans feature flexible repayment options.

Household loan growth has slowed as borrowing costs rose, according to Yonhap.   Banks in South Korea are expected to further ease lending in the third quarter, even as credit risks are expected to rise, reports Yonhap, based on a survey conducted by the Bank of Korea (BOK).   An index gauging banks’ attitude toward home-backed loans and unsecured household lending stood at 14 and 19, respectively, for the July-September period, according to the findings of a poll of officials handling credit affairs at financial institutions (FIs)—which include 18 banks.   A reading above zero means the number of lenders that will ease lending surpasses that of banks planning to tighten lending criteria. 

 The REIT secured a five-year HK$800m sustainability linked term loan with the bank in 2021.

Deal activity in Q2 was 25% lower than the previous quarter.

In 2022, the percentage of adults who have a digital bank account climbed to 21%.

The head of these banks' parent company is on the run and wanted for financial crime.

Fast-rising interest rates are expected to hit borrowers’ capacity to repay loans.