The PBOC will channel CNY 80 billion of loans through the bad debt managers, who are asked to match the amount with their own funds.
January 18, 2023The MOF also aspires to have two to three Vietnamese commercial banks classified as among the top 100 strongest banks in Asia by 2025.
August 26, 2022The FSC chairman has clarified that the plan is not intended to help those who have lost money on stock and crypto investments funded by cheap loans.
July 24, 2022The government has approved a project that will require banks have a capital adequacy ratio of at least 10-11 percent by 2023 and 11-12 percent by 2025.
June 22, 2022China's large state-owned asset management companies are asked to play a greater role in reducing the risks from non-performing assets at small and medium-sized banks.
June 13, 2022Five state banks are asked to grant defer repayments and grant new loans to debtors who are already past due on old debt.
April 21, 2022Banks will have to hold 'bad debt' level provisions against funds allocated for certain business expenditures if they sit on the balance sheet as 'other assets' for over a year.
April 20, 2022A survey by the Korea Federation of SMEs found the support measures have helped about 80 percent of SMEs to sustain their business activities.
March 29, 2022FSS governor Jeong Eun-bo has warned insurers of a possible "perfect storm" building for the industry, citing rising interest rates and the war in Ukraine.
March 28, 2022The FSS said economic uncertainties both domestic and abroad have increased, making it unclear whether banks have sufficient loss absorbing capacity.
March 10, 2022