bad debt

Retail Asia10/05/2019

A fintech specialized in solving debt problems of consumers and business owners has launched its services in Malaysia, a country whose total overdue consumer loans is second highest in Southeast Asia. Indonesian Fintech amalan International announced on Wednesday that it has started operations in Malaysia, expanding its footprints in Indonesia and Singapore. In Malaysia, the total balance of overdue or […]

Retail Asia15/11/2018

Thirteen of 17 listed banks have seen their bad debts rise in the first 9 months of this year, according to banks’ financial reports. Experts blame this on recent credit growth, loose lending practices and accumulated old non-performing loans. Bad debts of VietinBank, the country’s second largest lender by assets, rose by 34.5 percent to […]

Retail Asia25/10/2018

Sears, a U.S. retail titan that has filed for bankruptcy, owes a Vietnamese textile company upwards of $4 million. Sears Holdings filed for bankruptcy on October 15 after failing to make a $134 million debt payment tranche. Its subsidiaries, Sears, Roebuck and Kmart are partners of Vietnamese textile firm Thanh Cong, contributing about 7 percent […]

Retail Asia15/06/2018

Bad debts accounted for 2.18 percent of total lending at the end of the first quarter of 2017. Vietnamese banks’ total loans at the end of May were 6.16 percent larger than at the end of 2017, the State Bank of Vietnam said on Monday. Bad debts accounted for 2.18 percent of total lending at […]

Retail Asia04/04/2017

Bad debt in Q2 and in the whole of this year would stay unchanged or dip slightly from Q1. About 90 percent of financial institutions operating in Vietnam are expected to reap higher pre-tax profit in 2017, while they could control or reduce bad debts this year, a State Bank of Vietnam (SBV) survey has […]

Tag: bad debt

Indonesian Fintech Launches First Debt Services in Malaysia

Vietnamese banks report Jan-Sept rise in bad debts

Bankrupt US retail giant Sears owes Vietnamese firm $4 million

Vietnam bank loans up 6.16 pct in 5 months

Most banks in Vietnam expect profits up, bad debts stable this year