All posts tagged "Lending"
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178FeatureHKMA Defers Trade Facility Repayments by a Further 90 Days
Banks have agreed to allow corporate customers who still face cash-flow pressures to further extend their trade facilities for a further 90 days, on top of the 90 days granted from May.
August 5, 2020 -
430Asia-PacificBangladesh Bank Spares No Effort to Boost CMSME Lending
In the past week, the central bank has sharply eased loan classification and provisioning rules, and offered credit guarantees, to try and address an unwillingness among banks to lend to small businesses.
July 28, 2020 -
472Australia & NZAPRA Allows Banks to Defer Property Collateral Revaluations
APRA points to physical access barriers and a high degree of uncertainty that create challenges for banks in updating commercial property valuations.
July 26, 2020 -
542Australia & NZAustralia Extends Coronavirus SME Guarantee Scheme
With the extension, the government is expanding the allowed purpose of the loans, increasing the maximum loan size and duration, and allowing secured lending and repayment holidays.
July 21, 2020 -
787Asia-PacificBanks ‘Must’ Pass on Reduce Rates to Borrowers: CBSL
Sri Lanka's central bank has cut interest rates again and is ramping up pressure for banks to reduce the rates they charge borrowers, particularly small businesses.
July 10, 2020 -
751Australia & NZ
APRA Outlines Expectations on Deferred Loan Management
Deputy Chair John Lonsdale expects many banks will require an uplift in capabilities, processes and oversight to meet APRA's expectations.
July 10, 2020 -
336EnforcementFSC Korea Introduces Legislative Revisions on Predatory Lending
The maximum annual interest rate will be limited to 6%, compared to 24% under the current law. Maximum penalties will also be raised.
July 2, 2020 -
318Capital RegulationKAMCO Starts Buying Overdue Retail Loans from FIs
Korean lenders may sell non-collateralised delinquent personal debt to KAMCO, which in turn will take over the debt and help debtors restructure.
June 29, 2020 -
1.1KFintech / RegtechRBI Issues Guidelines on Use of Digital Lending Platforms
Digital lending platforms often do not disclose the name of the bank or NBFC providing the loaned funds. Under the new rules they will have to.
June 26, 2020 -
271Enforcement
S. Korea to Crack Down on Predatory Lending
South Korea is introducing a cross-agency task force to monitor for illegal loan sharking activities and an alert system to detect predatory loan advertisements.
June 25, 2020
