Lending & Credit

South Korea unveils new credit blocking program against phishing scams

Voice phishing scams reportedly amounted to over $146m in 2023.

CIMB launches green loan for SMEs

They can receive rebates of up to 0.4% depending on their targets.

MUFG invests $338.5m in India’s DMI Finance

DMI Finance has provided loans to 15.2 million customers in India as of March 2024.

South Korean banks’ net income down 11% in H1 

Interest income grew but net interest margin (NIM) dipped. 

Aussie mutual lenders may consolidate to fewer than 10: analyst

Up to 40 mutual lenders may consolidate and potentially disappear, said S&P analyst Lisa Barrett.

Krungthai Card to miss loan growth target for 2024

It should be able to maintain its NPL ratio below 2% for the whole year.

Malaysia’s corporate loans grow faster in Q2

Household loans grew at the same pace as in Q1.

SME Bank partners with MARC to support Malaysian SME growth

They will combine their expertise in data and business coaching.

Indian bankers optimistic for loan demand: survey

Except for mining and quarrying, demand is expected to hold up through September.

South Korea’s corporate loans rise in July; deposits decline

Tax payments and outflow of funds for various reasons led to the drop.

SoKor household loans rise in July on more mortgages

Demand may also be higher due to the summer vacation season.

Taiwanese banks hold $310.53t in SME loans in June

SME loans made up 65.64% of all corporate loans in Taiwan.

StanChart rolls out ESG-linked cash account in Hong Kong, SG

Clients are rewarded when they meet ESG-related targets.

Thailand’s Krungsri launches SME transition loan for clean energy 

It will help businesses embrace clean energy solutions and reduce pollution.

Taiwanese banks’ total loans up 0.13% in June

Coverage ratios of allowances for NPLs rose almost 30 percentage points.