bank loans

Formal credit overtakes informal lending as seven in 10 Filipinos call loans a bad idea.

Financial account net inflows fell to $2.4b from $7.4b in the prior year.

The loans range from HK$1m to HK$2m.

Amongst all funding options, microfinance institutions had the highest success rate.

Banks may face some backsliding in its bad loans ratio, S&P’s Ivan Tan warned.

Household loans rose to CNY650.3b in September.

It will use the money to extend more loans to SMEs in Southeast Asia.

This comes after new yuan loans in July fell to just a quarter of the amount in June.

Companies are borrowing money due to the rising costs of raw materials, an official said.

The loans feature flexible repayment options.

Household loan growth has slowed as borrowing costs rose, according to Yonhap.   Banks in South Korea are expected to further ease lending in the third quarter, even as credit risks are expected to rise, reports Yonhap, based on a survey conducted by the Bank of Korea (BOK).   An index gauging banks’ attitude toward home-backed loans and unsecured household lending stood at 14 and 19, respectively, for the July-September period, according to the findings of a poll of officials handling credit affairs at financial institutions (FIs)—which include 18 banks.   A reading above zero means the number of lenders that will ease lending surpasses that of banks planning to tighten lending criteria. 

Majority plan to boost investments and savings.

And China gives the first nod to revive Ant IPO.   From Reuters: Financial services and bank holding company State Street has denied reports that it is looking to buy Credit Suisse.

Borrowers can access up to US$1,700 in loans.

This marked the first on-month decline for a month of December since 2004.

The bank expects to process over 500 sign-ups yearly.