ICBC was reportedly the first bank to lower its lending rate on small business loans, offering a rate of 4.5% in Q4 2018, compared to the PBOC's one-year benchmark lending rate of 4.35%.
May 20, 2019The FSC has approved eight more fintech services for the regulatory sandbox, bringing the total number of approved companies to 26.
May 16, 2019The new commercial credit reporting system, set for launch by end-May, will improve the lending process for more than 50 financial institutions in Cambodia.
May 13, 2019Foreign workers in China will be required to submit their personal credit information, including from activities in other countries, to the national credit system in order to obtain loans.
April 29, 2019The focus of the joint audit will be on the small business lending practices at Shinhan Bank, KB Kookmin Bank, Woori Bank and KEB Hana Bank.
April 17, 2019The revised prudential standard enhances board oversight of credit risk and requires more intensive credit checks on borrowers. APRA also highlights the risks of P2P originated loans.
March 26, 2019Following a string of penalties against banks last month, the RBI has asked banks to improve their monitoring of the origin and end use of loan funds.
March 20, 2019Regulators will tolerate higher NPL ratios on bank lending to small and micro companies, in a bid to improve access to financing for China's ‘real economy’.
March 18, 2019As a result of non-performing loans in the banking sector and excessive lending in violation of banking regulations, 15 banks in Bangladesh are facing provisioning shortfalls.
March 4, 2019State-owned lenders are instructed to increase loans to private firms by 30% this year, end discriminatory lending practices, and reduce their reliance on loan collateral.
February 28, 2019