Citibank did not comply with obligations to obtain declarations from customers about the credit facilities they have with other banks before granting them non-fund based facilities.
June 1, 2020Finance Minister Taro Aso is asking banks to continue supporting SMEs and to actively make use of hybrid lending, in light of a new 117tr yen stimulus package.
June 1, 2020The airline, shipping and other hard-hit industries will be eligible for financial support from the fund if they have more than 500bn won in debt and over 300 employees.
May 31, 2020‘Group savings’ products allow customers to join together as participants to receive better interest rates on savings, wealth management and loans
May 30, 2020The BSP said the revised measures are intended to provide credit and help ease the financial burden of firms heavily affected by the Covid-19 pandemic.
May 30, 2020The HKMA's guidance on the treatment of loans subject to government guarantees and payment moratoriums is largely in line with guidance issued by the BCBS last month.
May 26, 2020The RBI has also increased the large exposures cap for banks from 25% to 30% and granted FPIs three more months to comply with requirements under the voluntary retention route.
May 25, 2020Bangladesh Bank has signed participation agreements with 44 banks and 23 NBFIs to disburse $1.8bn in loans as part of the government's stimulus package.
May 22, 2020Under existing rules, foreign companies can only borrow from their parent companies during their first three years of their operation in Bangladesh.
May 15, 2020Pierre Latrobe at Mazars discusses recent HKMA initiatives taken in response to Covid-19 and their implications for Hong Kong banks, highlighting credit risk as a growing threat.
May 13, 2020