loans

Retail Asia18/07/2022

Several banks have increased mortgage interest rates by up to 1 percentage point amid credit tightening. In mid-June Vietcombank hiked its from 9.2 percent to 9.8 percent for the first three years. At least three other banks have increased its rates. United Overseas Bank has raised its rate from 6.49 percent to 7.69 percent. Vietnam […]

Retail Asia02/07/2021

State-owned lender VietinBank has recorded pre-tax profits of VND13 trillion ($565.2 million) in the first six months of 2021, a year-on-year increase of 75 percent. Its ratio of non-performing loans at the end of Q2 was 1.38 percent, chairman Le Duc Tho said, adding that the targeted non-performing loans ratio for this year was 1-1.2 […]

Retail Asia19/08/2019

Grab’s insurance arm and NTUC Income jointly unveiled its first micro-insurance plan designed to help drivers better protect themselves against critical illnesses.GrabInsure has launched a flexible pay-per-trip micro premium and accumulative coverage proposition together with local insurer NTUC Income on Thursday. Known as Critical Illness: Pay Per Trip (CIPPT), the microinsurance plan can be subscribed via […]

Retail Asia09/08/2019

The export financing sustainability-linked loan is the first of its kind in Indonesia. DBS Bank Indonesia has signed a sustainability-linked export financing loan with wooden door manufacturer PT Sumatera Timberindo Industry (STI), the bank said in a press release on Wednesday. DBS said the loan is evaluated based on a target of obtaining timber and raw […]

Retail Asia24/07/2019

Analyzing statistics of search requests, analysts of the company compared trends of demand for online loans in Singapore, Indonesia, Vietnam and the Philippines. The findings show that the situation in Singapore differs from other countries significantly. The demand in Indonesia, Vietnam and the Philippines demonstrates a clear ascending trend and fast development. However, in Singapore, […]

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 Asia09/01/2019

The State Bank of Vietnam targets credit growth of 14 percent this year, the same as last year. The focus of new loans would be priority sectors such as manufacturing, agriculture and small and medium enterprises, Nguyen Thi Hong, Deputy Governor of the central bank, said. Credit growth in the Vietnamese banking sector last year […]

Retail Asia01/03/2018

A robust economy and optimism in the property market are slowly narrowing the gap. Singapore’s system loans are picking up pace after growing from a measly 1% in 2016 to 8% in 2017 as it tries to catch up to close regional competitor Hong Kong’s strong credit flows, according to a report from investment banking […]

Retail Asia07/07/2017

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The total loans of the banking system are expected to grow by 16.33 per cent in 2017 against December last year, lower than the Government’s limit of 18 per cent. The State Bank of Viet Nam released the information this week after conducting a survey on business performance trends of credit institutions in the second […]

Retail Asia10/07/2015

Crowdo enters Indonesia market Home-grown crowdfunding portal Crowdo has expanded to Indonesia to offer peer-to-peer lending to businesses there. Crowdo will use its platform to match Indonesian investors with companies there which need loans for working capital. Borrowers repay the principal sum with interest. Since Crowdo will offer only collateralised loans, the interest borrowers pay […]

Tag: loans

Banks hike mortgage interest rates

VietinBank pre-tax H1 profits up 75 pct

Grab Partners NTUC Income to Launch Micro-Insurance Plan

DBS Inks Sustainability-Linked Loan in Indonesia

The popularity of online loans has not increased in Singapore

Indonesian Fintech Launches First Debt Services in Malaysia

Vietnam targets credit growth of 14 pct in 2019

Singapore loans grew 8% in 2017 but still lags behind Hong Kong

Credit growth expected to rise 16.33% in 2017

Crowdo enters Indonesia market