Banks (Finance)
Moody's Investors Service has confirmed Banco do Brasil's (BB) ratings, including its long- and short-term local and foreign currency deposit ratings at Ba1 and Not Prime, respectively. The affirmation comes after Moody's assessed BB's Baseline Credit Assessment (BCA) and Adjusted BCA, which
Banks (Finance)
Banks in India can expect their credit growth to pick up in the second half of fiscal year 2026, with a projected increase to 12% for the entire year. Retail credit is expected to be the primary driver of this growth, while corporate loans are anticipated to grow at a
Banks (Finance)
Ghana's small and medium-sized enterprises (SMEs) make up more than 90% of businesses, providing over 70% of jobs, yet face significant barriers to access finance. The International Finance Corporation (IFC) estimates the global SME finance gap exceeds $5.7 trillion, with Ghana's case reflecting global challenges
Banks (Finance)
The UK's economy heavily relies on small and medium-sized enterprises (SMEs) for growth and job creation, but accessing finance for these businesses remains a significant challenge. The British Business Bank's (BBB) growth guarantee scheme has provided vital support, guaranteeing PS75 million a month in SME loans,
Banks (Finance)
The Bank of Ghana has urged banks to make greater use of risk-sharing mechanisms in expanding credit to small and medium-sized enterprises (SMEs), which remain underserved despite their central role in the economy. Despite their importance, SMEs in Ghana face challenges including lack of affordable finance, difficulties meeting export standards,
Banks (Finance)
The Bhubaneswar Municipal Corporation (BMC) has taken a significant step to alleviate financial burdens on beneficiaries of affordable housing schemes under Pradhan Mantri Awas Yojana (Urban) 2.0. In collaboration with a private sector bank, the BMC aims to provide housing loans to 600 allottees who have been sanctioned houses
Banks (Finance)
Moody's Ratings has affirmed China Guangfa Bank Co., Ltd.'s long-term/short-term local and foreign currency deposit ratings of Baa3/P-3, basing its decision on the bank's steady asset quality, capitalization, profitability, and liquidity over the next 12-18 months. The affirmation also reflects the bank&
Banks (Finance)
Victory Capital Holdings, a leading asset management firm, has secured a Ba1 rating for its newly issued senior secured first lien term loan B and revolving credit facility. This rating reflects the company's strong financial position, solid cash flow generation, and modest financial leverage. The outlook for the
Banks (Finance)
The Small and Medium Enterprise Credit Guarantee Corporation (TCG) has partnered with the SME Bank to provide guarantees for SMEs seeking to purchase commercial buildings, aiming to reduce loan rejections by up to 40% and increase approval rates for SMEs. This initiative is part of the government's policy
Banks (Finance)
In today's digital age, online personal loans have become an increasingly popular option for individuals seeking convenient and fast access to funds. Unlike traditional loans, which require physical visits to banks and lengthy paperwork, online loans can be applied for, approved, and processed entirely through the internet. This
Banks (Finance)
Moody's Investors Service has affirmed Eurasian Bank's long-term local and foreign currency bank deposit ratings at Ba2, reflecting the bank's strong capital and liquidity buffers, solid profitability, and low reliance on market funding. However, the rating outlook has been changed to negative from stable,
Banks (Finance)
Nigerian banks are facing significant challenges as regulators prepare to withdraw systemwide forbearance measures that have underpinned the sector since the country's last major financial shock. The expiry of loan forbearance by the middle of 2025 will trigger the reclassification of large volumes of risky loans, raising impaired
