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The Indian consumer lending market is set for an extraordinary leap, potentially reaching $1 trillion by 2029, driven by a robust economic landscape and shifting consumer behaviors. According to projections from GlobalData, this sector is expected to…
In a striking shift within South Korea’s banking landscape, deposits and household loans surged in June 2025, surpassing previous month’s figures, according to the latest data released by the Bank of Korea (BOK). This trend reflects an increasing consumer…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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