All posts tagged "debt relief"
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615Asia-PacificNBC Requiring Lenders to Recognise & Provision Against NPLs
As relief measures end this month, Cambodian lenders will have to set aside appropriate provisions for nonperforming loans.
February 8, 2022 -
426KoreaKorea to Enhance Credit Recovery Support Measures
The CCRS and 5 state-backed guarantee institutions have agreed to adjust credit recovery standards to help borrowers of guaranteed loans return to normal more quickly.
January 5, 2022 -
252Korea
Korea: FSC, Lenders Agree to Extend Debtor Support
The application deadline for pre-workout programmes was due to end at the end of this month. This will be extended to 31 December.
June 18, 2021 -
215Asia-Pacific
Cambodia: NBC Extends Debt Relief Measures to Year-End
The NBC has committed to maintaining the RRR at 7 percent "until further notice" and removed a three-time limit on debt restructuring.
June 2, 2021 -
279Asia-PacificBank of Thailand Unveils Third Phase of Debt Relief
The third phase of debt relief measures covers unsecured credit card and personal loans, auto hire-purchase loans, car title loans and mortgages.
May 19, 2021 -
636KoreaFSC Korea Unveils New Measures to Lower Borrower Debt Burden
Lenders will be prohibited from denying loan deferments on non-overdue loans and from activating a trigger clause for events of default when a borrower applies for debt adjustment.
October 20, 2020 -
1.3KAML / KYCG20 Ministers Extend DSSI Debt Relief, Welcome FSB, FATF Efforts
The G20 finance ministers and central bank governors have agreed to extend debt relief for low-income countries for six months, and welcomed efforts by the FSB and FATF.
October 15, 2020 -
640FeatureMAS in Talks with Banks on Extending Relief for Borrowers
MAS may extend relief measures announced in March which allowed principal and interest payments on loans to be postponed until year-end.
September 29, 2020 -
1.0KBig PictureDecisions on Exiting Regulatory Relief Present Financial Stability Risk
As long as regulatory relief measures remain in the prudential framework, credit risks will continue to mount on bank balance sheets, presenting risks to financial stability.
August 12, 2020 -
532Asia-Pacific
BOT Directs Banks to Suspend Dividends, Share Buybacks
Commercial banks are asked to draw up new capital management plans for the next 1-3 years, taking into account expected economic and business trends following the pandemic.
June 24, 2020
