Lending & Credit
High-yield non-financial Asian firms' default rate to rise 2.4% in 2020
China has been seeing an increased tolerance of defaults.
High-yield non-financial Asian firms' default rate to rise 2.4% in 2020
China has been seeing an increased tolerance of defaults.
China's lenders to allow higher bad loans for COVID-19-hit firms
The People’s Bank of China will support qualified firms in order to resume production.
New Zealand retail lending to hit $265.6b in 2023
Total retail loan balance outstanding is set to reach the same amount.
Asian Development Bank worsens debt conditions: World Bank head
He hit the development banks in Asia, Africa, and Europe for lending too quickly to debt-heavy countries.
HSBC earmarks $3.9b in liquidity relief for businesses
It is easing borrowing terms to aid companies affected by the coronavirus outbreak.
MAS' monetary policy stance to remain unchanged despite nCov impact
S$NEER is still said to be in line with weaknesses in Singapore’s economy.
HPD Lendscape appoints former DBS senior VP as APAC regional representative
Kheng Leong Lee was also the former chapter director for Asia for Factors Chain International.
Deutsche Bank, Singapore hedge fund buy more of Indian lender's debt
The German bank almost doubled its debt hold to $56.8m (INR3b).
Why rebranding as an STO won't be enough to win back trust
Many large institutions and individuals are interested in the benefits that Security Token Offerings (STOs) could bring to Asia. These offerings give...
Australian borrowers hit by bushfires face risk of inadequate insurance coverage
Disruptions on local employment could drive arrears up.
Bank BRI partners with Investree to offer loans to entrepreneurs
It has earmarked more than $143m for digital lending via the platform.
Weekly Global News Wrap: Absa signs $497m deal to boost African lending; Goldman Sachs' consumer arm earned $822m
And Citibank appoints David Chubak as head of retail banking.
India's Religare Finvest may see 49% haircut with rare debt recast
Its lenders have reportedly agreed to write off almost half of its $808m debt.
Indonesia's Bank BRI's mobile app cuts loan approval process to 2 minutes
Loans can be between $35 to $1,417.
Japan's central bank begins lending ETFs to investors
This is part of its move to enhance market liquidity for the instrument.
APAC NBFIs face negative outlook in 2020
Indian and smaller Chinese companies are amongst the most vulnerable.
More Indian NBFCs to go overseas amidst funding crunch
Local funding remains constrained as providers pull back amidst a slowing economy.