Banks (Finance)
Banks in Shenzhen have taken contrasting approaches to personal loan business since the beginning of this year, with some lenders experiencing significant growth while others witnessed a decline. Despite state-owned banks, such as Industrial and Commercial Bank of China (ICBC) and Bank of China, being in stiff competition for mid-
Banks (Finance)
As Nepal's economy faces challenges, the real estate and construction sector has emerged as a surprising bright spot, driven by a surge in housing loans and investments from remittances. With over US$1.5 billion pouring into the country through remittances, people are seeking to invest in land
Banks (Finance)
After months of turmoil, banks are slowly showing signs of stability, thanks in part to the government's extensive rescue efforts and a shift in investor sentiment. Citigroup and Bank of America have reported operating profits for the year so far, prompting a rally in bank stocks and offering
Banks (Finance)
As the South Korean economy struggles, local banks have stepped in to provide financial support to smaller companies, extending 428.5 trillion won in outstanding loans to these firms in February. Despite initial concerns about increasing bad debt, banks have been encouraged to roll out more loans by a 20
Banks (Finance)
Britain's economic stability is being put under pressure as the Government's bank bail-out strategies may risk its prized AAA credit rating, according to Standard & Poor's. The ratings agency has confirmed its stable outlook for the UK's sovereign debt but has expressed
Banks (Finance)
Turkish banks have traditionally been resilient to economic turmoil, maintaining sound loan-to-deposit ratios and capital adequacy ratios. However, the country's economic contraction is starting to take its toll, with non-performing loans (NPLs) anticipated to rise from 3.6% in 2008. Garanti and Akbank, two of Turkey's
Banks (Finance)
The Israeli government, led by Minister of Finance Ronnie Bar-On, has unveiled a NIS 200 million plan to stimulate the residential real estate industry. The plan, formulated by officials from the Ministry of Finance, Ministry of Housing and Construction, Israel Tax Authority, and Israel Land Administration (ILA), aims to provide
Banks (Finance)
As the global economy faces a potential slowdown, India's two largest banks, State Bank of India and ICICI Bank, have reported rises in quarterly profit, beating market expectations. State Bank of India, the country's top lender, saw a 37% rise in quarterly net profit, while ICICI
Banking industry
Tonight, the staff of France's Credit Lyonnais SA are bracing themselves for an unusual gathering of customers at one of the bank's 2,200 branches. The state-owned bank has invited customers to drop by after hours to express their concerns and ask questions about the bank&
Banking industry
The Comptroller of the Currency, Eugene A. Ludwig, announced a proposed change in the implementation of the Community Reinvestment Act (CRA) on September 26, aiming to improve the evaluation of banking practices. The reform is designed to be more straightforward and responsive to the diversity among banks and communities they
