The SBV is allowing lenders to extend the repayment term for customers by six months more months and granting more time for overdue debts to be restructured.
September 16, 2021The HKMA said it supports the publication of the new information note, which sets out options to replace USD LIBOR with SOFR in loan contracts.
September 15, 2021Ant Group's lending businesses Huabei and Jeibei will also have to transfer data used for lending decisions to a new credit scoring joint venture.
September 14, 2021Eight banks have joined the account aggregator network, which enables consumers to share financial data with third parties in a safe and secure manner.
September 13, 2021Banks have to first issue loans to micro, small and self-employed businesses before applying for the equivalent amount of relending from the PBOC.
September 13, 2021Sri Lanka has imposed import restrictions to limit foreign currency outflows, while also borrowing more internationally to bolster its reserves.
September 13, 2021The bribes were paid as an inducement to or reward for the ex-banker to conceal the identity of the ultimate controller of two SMEs that obtained loans from HSBC.
September 9, 2021KB Savings Bank increased its household lending by raising internal limits and discounting interest rates, without a strict review process and proper oversight.
September 9, 2021The mandatory minimum MSME lending requirements will be increased in phases. Lenders that fail to meet the thresholds will face a maximum penalty of IDR 5 billion.
September 8, 2021Borrowers will not be considered in default if they repay 25 percent of their loan instalments until December this year.
September 2, 2021