Bank loans

China February new bank loans fall more than expected, mounting pressure on c.bank

Credit growth is below expectations February new loans 1.23 trln yuan against f’cast 1.49 trln yuan Money supply in February M2 +9.2% year on year, against an f’cast forecast of +9.5% February TSF 1.19 trln yuan, against f’cast 2.22 trln yuan C.bank maintains an accommodative policy to support growth BEIJING, March 11 (Reuters) – New […]

Bank loans

Mexican Senate leader wants cheaper bank loans for recovery

“It is important that banks are open to provide low interest loans to people who have lost their business or those who have closed their business during the pandemic,” Monreal, 61, said on Wednesday. It will help “people who need a bank guarantee and who need fresh money to do their business in the country”. […]

Bank loans

UPDATE 2-China Feb new bank lending falls more than expected, mounting pressure on c.bank

* Credit growth is below expectations * February new loans 1.23 trln yuan against f’cast 1.49 trln yuan * Money supply Feb M2 +9.2% y/y, vs f’cast of +9.5% * February TSF 1.19 trln yuan, against f’cast 2.22 trln yuan * C.bank maintains an accommodative policy to support growth * (Adds details, analyst comment) By […]

Bank loans

Keep bank loans and fees fair

Editorials Keep bank loans and fees fair Thursday, March 10, 2022 By DAILY BUSINESSMore from this author Summary While it’s normal for banks to be allowed to protect their assets against risk, it’s important to remember how we got here. Fairness should extend to the fees they charge on their products and services, which they […]

Financial institutions

FinCEN warns financial institutions against evading Russian sanctions | Item

The Financial Crimes Enforcement Network (FinCEN) released guidance on Monday outlining the types of red flags banks should proactively look for. Although the agency has yet to find widespread circumvention of sanctions, it warned financial institutions to remain vigilant. Besides Russia, the country of Belarus and some of its political leaders have been hit with […]

Bank loans

BI: Siapik App Helps MSMEs Obtain Rs 18.3 Billion Bank Loans

TEMPO.CO, Jakarta – Bank of Indonesia (BI) said the Siapik app had helped MSMEs get Rs 18.3 billion in bank loans in 2021. A BI official said that by the end of 2021 there were 17,837 users of the app. Siapik app. “Of these, 724 MSMEs using Siapik have secured financing from banks for a […]

Bank loans

Delinquent bank loans increase by Tk 14,990 in 2021

The amount of delinquent loans in the country’s banking system increased by Tk 14,990 crore in 2021, despite regulatory forbearance. According to Bangladesh Bank data released on Wednesday, the amount of overdue loans in banks across the country rose to Tk 1,03,274 crore at the end of December 2021 from Tk 88,284 crore a year […]

Bank loans

UAE EXCLUSIVE Mashreqbank suspends Russian bank lending due to credit issues – sources

A view of the downtown skyline is seen from the Museum of the Future in Dubai, United Arab Emirates, February 23, 2022. REUTERS/Christopher Pike/File Photo Join now for FREE unlimited access to Reuters.com Register DUBAI, March 2 (Reuters) – Dubai’s Mashreqbank (MASB.DU) has stopped lending to Russian banks and is reviewing its current exposure to […]

Financial institutions

Visa and Mastercard block Russian financial institutions after sanctions

This image shows a person’s hands holding cash and Visa and Mastercard. On February 24, the United States announced that it was imposing sanctions on major Russian banks, including Sberbank and VTB, in response to the special military operation in Ukraine. Sanctioned banks will not be able to reissue Visa and Mastercard cards after the […]

Financial institutions

Ukraine crisis: Mastercard blocks several financial institutions for sanctions against Russia – News

Russians rushed to ATMs and waited in long lines on Sunday, fearing bank cards might stop working. Reuters By Reuters Published: Tue, March 1, 2022, 9:22 AM Last update: Tue, March 1, 2022, 9:28 AM Mastercard Inc said late Monday it blocked several financial institutions from its payment network following sanctions imposed on Russia following […]

Bank loans

Bank lending to the private sector reaches N35.7 billion

Bank loans to the private sector increase by 16.67% By Jeph Ajobaju, Editor-in-Chief Banks extended N35.73 trillion in loans to the private sector in 2021, an increase of N5.1 trillion or 16.67% year-on-year (YoY), according to the latest data from the Central Bank of Nigeria (CBN). Credit to the private sector increased by N5.6 trillion […]

Personal loans

Absa takes on small lenders with cheap personal loan offer

Data center Absa takes on small lenders with cheap personal loan offer Tuesday, February 22, 2022 Absa customers at its Nairobi Queensway bank branch on February 10, 2021. PHOTO | DIANA NGILA | NMG By VICTOR JUMAMore from this author Summary An Absa customer taking out a one-year unsecured personal loan of one million shillings […]

Bank loans

Bank lending to the private sector in Nigeria increased by N5.58 trillion in 2021

Nigerian banks raised their lending rate to the private sector in 2021 by 16.6% as the year elapsed Their loans to the private sector increased by 5.58 trillion naira in December 2021, compared to 30.15 naira recorded in the same period last year CBN data shows increase in line with CBN policy to stimulate economy […]

Bank loans

Bank loans to knowledge companies up 127% in 10 months over a year

TEHRAN – Loans disbursed by banks to knowledge-based enterprises in the first ten months of the current Iranian calendar year (March 21, 2021-January 20, 2022) were 127% higher than loans disbursed to such enterprises in the same period during the past year. According to data from the Central Bank of Iran (CBI), Iran’s banking system […]

Bank loans

Bank lending to private sector increases by 5.1 trillion naira to reach 36.7 trillion naira – CBN report

Posted February 17, 2022 Between January and December 2021, Nigerian banking sector credit to the private sector increased by N5.1 billion or 16.67%, according to data obtained from the Central Bank of Nigeria. This was in the money and credit statistics released by the regulator. The report showed credit to the private sector stood at […]

Bank loans

New Chinese bank lending hit record high in January as Cenbank eases policy

Jan new loans 3.98 trln yuan vs f’cast 3.69 trln yuan Money supply Jan M2 +9.8% y/y, vs f’cast of +9.2% Jan TSF 6.17,000,000 yuan, compared to 5.46,000,000 yuan f’cast C.bank eases policy to support slowing economy BEIJING, Feb 10 (Reuters) – New bank lending in China more than tripled in January from a month […]

Bank loans

Struggling NBFIs make Tk 1000cr bank loans sour

Twenty-five banks are suffering from a collective loan default of Tk 974.4 crore after several non-banking financial institutions (NBFIs) failed to repay the funds despite falling due, in another sign of weakness in the financial sector. The fragility of the NBFI sector came to the fore three or four years ago after it emerged that […]

Personal loans

Revolut to use ECB banking license to offer personal loans to Irish customers

Revolut has abandoned plans to use the e-money license it obtained from the Central Bank of Ireland last year, which is expected to result in a small number of job losses locally. The company, which obtained a full banking license from the European Central Bank (ECB) in December, said it intended to use the license […]

Financial institutions

How to File a Complaint Against a Bank, Financial Institutions and Your Rights as a Bank Customer in Nigeria

January 28, 2022 Where is this photo from? @cenbank/CBN Twitter The Central Bank of Nigeria does not issue guidelines on how Nigerians can file complaints against financial institutions that the supreme bank regulates. For the inside statement dem drop for dia Twitter handle, CBN says kontri pipo did file any complaints against commercial banks, microfinance […]

Bank loans

Iran’s bank lending to economic sectors registers 59.5% in…

(MENAFN) According to the IRIB, Iran’s banking system has allocated 20.195 quadrillion rials (over $73 billion) of services to local economic sectors in the first three quarters of the current Iranian calendar year (March 21-21 December 2021), registering an increase of 59.5% compared to the corresponding period last year. Based on data provided by the […]

Bank loans

Bank loans to economic sectors increase by more than 59%

TEHRAN – Iran’s banking system has disbursed 20.195 quadrillion rials (over $73 billion) in facilities to domestic economic sectors in the first nine months of the current Iranian calendar year (March 21-December 21, 2021), recording an increase of 59.5% over the same period the previous year, the IRIB reported. According to data provided by the […]

Financial institutions

Central Bank Guidelines to UAE Financial Institutions

The Central Bank of the United Arab Emirates (“CBUAE”) has issued new guidelines (the “Guidelines”) for financial institutions in the United Arab Emirates providing services to cash-intensive businesses. The specific characteristics of cash – anonymity, interchangeability and transportability – make it an attractive medium for illicit actors seeking to conceal the proceeds of crime or […]

Financial institutions

Financial institutions invited to hold special meetings on irregularities

Bangladesh Bank has requested all non-banking financial institutions, also known as FIs, to hold special meetings on reported irregularities on a regular basis, so that all board members of the respective institutions remain well-informed about the issues. The Financial Institutions Inspection Department of the central bank monitors the activities of these institutions and regularly reports […]

Bank loans

New Chinese bank loans hit a record $3.13 trillion in 2021, despite falling in December

Yuan banknotes are seen in this illustrative photograph taken in Beijing July 26, 2010. REUTERS/Jason Lee Join now for FREE unlimited access to Reuters.com Register New loans in December 1.13 trln yuan vs f’cast 1.25 trln yuan Dec M2 money supply +9.0% y/y, vs. +8.7% f’cast Dec TSF 2.37 trln yuan, vs f’cast 2.45 trln […]

Bank loans

New bank loans in China hit a record $3.13 billion in 2021, despite falling in December | Investment News

By Judy Hua and Kevin Yao BEIJING (Reuters) – New bank lending in China fell more than expected in December from the previous month, but lending for the whole of 2021 set a record as the central bank slowly ramps up policy support to cushion the economic downturn. Chinese banks extended 1.13 trillion yuan ($177.56 […]

Bank loans

Bank lending to government rises 23% in nine months to N2.1tn

Posted January 11, 2022 Bank loans to the government increased by 22.59%, reaching N2.17 billion at the end of September 2021 against N1.77 billion recorded in December 2020. This represents an increase of 400 billion naira over the nine-month period. This was in the Central Bank of Nigeria report titled “The Sectoral Allocation of Depository […]

Financial institutions

Over $5 billion in fines imposed on financial institutions worldwide

Financial institutions were fined a combined $5.4bn (€4.7bn) last year, with Irish stockbroker Davy among those fined. New figures from Irish fintech Fenergo show enforcement actions totaled $5.4 billion for failing to comply with anti-money laundering (AML) and data privacy regulations. This is almost half of the $10.6 billion taken a year earlier, although it […]

Financial institutions

The Center fills vacancies on the boards of PSOs, insurers and financial institutions

The Center has taken a long-awaited milestone towards filling vacancies on the boards of various Public Sector Banks (PSBs), Insurers and Financial Institutions (FIs), with the appointment of 25 Unofficial Directors to part-time (non-executive directors). The Cabinet Nominations Committee has approved the appointments of these directors for a three-year term, sources said. This ends long-standing […]

Financial institutions

Will telecommunications operators one day replace banks as financial institutions?

Sponsored by: Skaleet December 16, 2021 • • The rise of telecom operator-led mobile money services across Africa has blurred the lines between the types of businesses that can offer financial services. While banks were previously the sole depositories for most financial transactions, a wide range of non-traditional players – including fintechs and neobanks – […]

Financial institutions

ConsenSys and Mastercard Partner to Deliver Scalability to Financial Institutions

Thursday, December 16, 2021 6:04 PM ConsenSys, the global blockchain software company, today announced the launch of ConsenSys Rollups in collaboration with Mastercard. The partnership will enable enterprise-grade blockchain scalability for leading financial institutions and help expand use cases for CBDCs, decentralized exchanges, micropayments, and private transfers/taxes. Project creativity on Ethereum is exploding in areas […]

Bank loans

China New bank lending in November rises less than expected as stance tilts toward easing

Nov new loans 1.27 trln yuan against f’cast 1.56 trln yuan Money supply Nov M2 +8.5% y/y, vs f’cast of +8.7% Nov TSF 2.61 trillion yuan, vs f’cast 2.70 trillion yuan C.bank’s stance tilts toward easing as growth slows BEIJING, Dec 9 (Reuters) – New bank lending in China rose less than expected in November […]

Bank loans

China: New November Bank Loans Increase Less Than Expected As Position Shifts Towards Easing

BEIJING: New bank lending to China increased less than expected in November compared to the previous month, even as the central bank seeks to support slowing growth in the world’s second-largest economy. Chinese banks granted 1.27 trillion yuan ($ 200.19 billion) in new yuan loans in November, up from October but below analysts’ expectations, according […]

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

Bank loan deferral plan presented in Bahrain

An urgent proposal to postpone all bank loan disbursements until June next year for Bahrainis was tabled yesterday. The current loan deferral option expires on December 31. The Central Bank of Bahrain (CBB) was also asked to encourage the government to support the proposal which was led by MP Ibrahim Al Nefaei and four others. […]

Financial institutions

Financial institutions buy riskier assets due to moral hazard, says Bank of Canada

Canadian financial institutions increasingly view the financial system as risk-free. That could be a risk in itself. The Bank of Canada (BoC) completed its biannual Financial System Survey (FSS) this week. He found that institutions buy “riskier” assets to compensate for low interest rates. Risk managers consider the risk to be low, believing that the […]

Bank loans

China October New bank loans fall less than expected, mortgages rise | Investment News

By Judy Hua and Kevin Yao BEIJING (Reuters) – New bank lending in China fell sharply in October from the previous month, but not as badly as analysts expected, expecting 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 banks […]

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 […]

Bank loans

China’s new October bank loans are expected to halve from the previous month – Reuters poll

BEIJING: New bank lending to China is expected to have plunged in October from the previous month, but yuan lending is expected to be higher than a year earlier, a Reuters poll showed, as the central bank wary of the policy easing amid stagflation concerns. . It is estimated that Chinese banks issued 800 billion […]

Bank loans

Ant Group Begins to Differentiate Jiebei Consumer Lending Business from Bank Lending | Investment News

BEIJING (Reuters) – China’s Ant Group said on Monday it was working to “differentiate” part of its Jiebei short-term consumer lending business as it pursues a Beijing-led restructuring aimed at curbing some of its freewheeling activities. Ant, the financial arm of e-commerce giant Alibaba Group, had its $37 billion IPO derailed by regulators last year […]

Bank loans

China’s October new bank loans expected to be halved from previous month – Reuters poll | Investment News

BEIJING (Reuters) – New bank lending in China is expected to have plunged in October from the previous month, but yuan lending is expected to be higher than a year earlier, according to a Reuters poll, as the central bank wary of policy easing amid stagflation concerns. Chinese banks are estimated to have issued 800 […]

Bank loans

Ant Group begins to differentiate Jiebei consumer lending business from bank lending

BEIJING (Reuters) – China’s Ant Group said on Monday it was working to “differentiate” part of its Jiebei short-term consumer lending business as it pursues a Beijing-led restructuring aimed at curbing some of its freewheeling activities. Ant, the financial arm of e-commerce giant Alibaba Group, had its $37 billion IPO derailed by regulators last year […]

Bank loans

Bank loans to economic sectors increase by 58%

TEHRAN – Iran’s banking system has disbursed 12.41 quadrillion rials (over $295.49 billion) in facilities to domestic economic sectors in the first six months of the current Iranian calendar year (March 21-September 22). ), registering an increase of 57.9% compared to the same period the previous year, the IRIB reported. According to data provided by […]

Bank loans

China Bank loans in September rise less than expected, broader credit growth slows

BEIJING: New bank lending in China accelerated in September from the previous month, but fell short of expectations as the central bank tried to support the sluggish economic recovery while keeping an eye on rising debt and bubble risks. The world’s second-largest economy has rebounded from the depths of the COVID-19 pandemic, but has shown […]

Financial institutions

RBI monitors financial institutions for any increase in stress

The Reserve Bank of India (RBI) is in regular contact with financial institutions to assess any buildup of stress whenever it is observed, Deputy Governor Mahesh Kumar Jain said in a post-political interaction with reporters. Jain was responding to a question on whether the RBI was comfortable with the quality of financial sector assets after […]

Bank loans

Bank lending to real estate and construction sectors tops $10 billion

The Cambodian banking sector’s combined exposure to real estate and construction loans amounted to 31% of the sector’s total loan portfolio of $33.9 billion at the end of June, or about $10.5 billion, according to the central bank. Broken down by segment, mortgages, construction and real estate accounted for $4.44 billion (13.1%), $3.22 billion (9.5%) […]

Bank loans

Chinese bank lending unexpectedly increases in May, but broader credit growth slows

A Chinese yuan note is seen in this illustrative photo from May 31, 2017. REUTERS/Thomas White/Illustration Join now for FREE unlimited access to Reuters.com Register BEIJING, June 10 (Reuters) – China’s new bank lending unexpectedly rose in May from a month earlier, but overall credit growth continued to slow as the central bank sought to […]

Bank loans

COVID patients can get bank loans for treatment after Indian central bank’s new stimulus

the Reserve Bank of India (RBI) announced a ₹50,000 crore loan scheme, as part of a wider stimulus package Banks were allowed to lend money to covid patients who need money for treatment, outside of hospitals, dispensaries, manufacturers, importers and sellers of oxygen and concentrators. The window for these loans will close on March 31, […]