Bank loans

Defaulters thrive on bank loans but don’t want to repay

Thanks to bank loans, they kept getting stronger – their businesses grew and they bought land, apartments, SUVs and so on. Yet these willful defaulters are unwilling to repay their debts. Banks have resorted to the courts to recover their money, but lengthy legal proceedings hampered and hampered their efforts, allowing defaulters to lounge around. […]

Bank loans

Bank loans to MSMEs reach P202B

BSP Governor Benjamin Diokno. CONTRIBUTED PHOTO The BANK’s loans to micro, small and medium-sized enterprises (MSMEs) have increased to more than 200 billion pesos after the Bangko Sentral ng Pilipinas (BSP) lowered the reserve requirement rules for lenders, according to the governor of the BSP Benjamin Diokno. “For the week ending October 31, 2021, the […]

Bank loans

Total bank loans approach $ 3 trillion, APRA says

The value of total resident loans and finance leases reached just under $ 3 trillion in October, and home loans to $ 1.9 trillion, according to new statistics from APRA. Mortgages to homeowners and investors rose in October 2021, reflecting strong borrower demand spurred by low rates, new data shows. Australian Prudential Regulation Authority (APRA) […]

Bank loans

84% of SMEs think bank loans are difficult to obtain

Only 16% of SMEs think it’s easy to get a loan from a bank, according to the leading independent business index RedZed. A new report released by small and medium-sized business (SME) lender RedZed has suggested that the vast majority of SMEs are skeptical about getting a bank loan, with just 16% expressing that they […]

Bank loans

China Oct, new bank loans fall less than expected, mortgages rise

BEIJING: New bank lending to China fell sharply in October compared to the previous month, but not as bad as expected by analysts who expect the central bank to cautiously ease monetary policy amid the risks of stagflation. Data released by the People’s Bank of China on Wednesday showed that banks made new loans of […]