Spain to agree bank mortgage relief measures by weekend

Spain to agree bank mortgage relief measures by weekend

MADRID (Reuters) – The Spanish government expects to reach an agreement with banks by the end of this week on mortgage relief measures to help vulnerable households and middle-class customers cope with the rising cost of borrowing such loans. Yes, the economy minister said. Governments and lenders are preparing a broader array of measures to … Read more

India’s RBL Bank boosts focus on retail, from loans to deposits – CEO

India's RBL Bank boosts focus on retail, from loans to deposits - CEO

MUMBAI, Nov 15 (Reuters) – RBL Bank of India (RATB.NS) wants to increase its retail exposure to prevent its books from being overexposed to big companies and to drive growth alongside its core credit card and microfinance businesses, said the private lender’s chief executive. The chief executive told Reuters on Tuesday. RBL introduced new loan … Read more

Exclusive Australian banks ease mortgage standards as property market cools

Exclusive Australian banks ease mortgage standards as property market cools

SYDNEY (Reuters) – Two of Australia’s biggest banks have quietly eased some of their mortgage lending standards amid a slump in the property market, despite calls for caution by authorities in recent months. Banks are now becoming less conservative when calculating expected rental income when evaluating loan applications, four sources said. This change will increase … Read more

China’s new RMB loans in October appear to have fallen on weaker demand

China's new RMB loans in October appear to have fallen on weaker demand

RMB 800 billion in new loans in October, RMB 2.47 trillion in September October money supply growth seen at 12.1% vs 12.0% y/y in September TSF in October is 1.6 trillion yuan, September is 3.53 trillion yuan Loans, money supply data from November 10th to 15th BEIJING (Reuters) – China’s new yuan lending likely fell … Read more

Brazil’s Bradesco’s quarterly profit falls 23%, lending outlook worsens

Brazil's Bradesco's quarterly profit falls 23%, lending outlook worsens

Sao Paulo, Nov. 8 (Reuters) – Brazilian lender Banco Bradesco SA (BBDC4.SA) on Tuesday reported a 22.8% decline in recurring net income in the third quarter and raised its forecast for retained funds it may need to cover its bad debts. Bradesco’s net recurring profit totaled R$5.22 billion ($1.01 billion), below Refinitiv’s consensus forecast of … Read more

UK to provide loans to countries most vulnerable to climate change

UK to provide loans to countries most vulnerable to climate change

LONDON, Nov 8 (Reuters) – Britain’s Treasury on Thursday released new loans to help countries most vulnerable to the effects of climate change, including options to defer debt repayments in the event of a catastrophe. announced plans to offer The country’s export credit agency, UK Export Finance (UKEF), will provide such loans to low-income countries … Read more

Tunisia signs $74 million loan from Arab Monetary Fund

HDFC, India's largest mortgage lender, reports an 18% increase in profit in the second quarter.

TUNIS (Reuters) – Tunisia has signed a $74 million loan with regional lender Arab Monetary Fund to help with fiscal reforms amid the country’s worst financial crisis. announced on Friday. The loan comes weeks after Tunisia reached a staff-level agreement with the International Monetary Fund for a $1.9 billion loan. The central bank added that … Read more

India’s SBI sees loan growth remains strong after record gains

India's SBI sees loan growth remains strong after record gains

MUMBAI, Nov. 5 (Reuters) – State Bank of India (SBI) (SBI.NS)The country’s largest lender expects credit growth to remain in the double digits, while stepping up its efforts to attract more deposits, with growth in line with the sector. The bank reported a 74% surge in quarterly net income on Saturday. This was driven by … Read more

Dutch provinces to end fossil fuel export credit insurance from 1 January

Dutch provinces to end fossil fuel export credit insurance from 1 January

AMSTERDAM (Reuters) – The Dutch government said on Thursday it intends to stop providing credit insurance to companies and banks for exports in the fossil fuel sector as of January 1, following pledges made at the COP26 climate change conference. did. in Glasgow. In a statement announcing the move, the Treasury Department called it an … Read more

HDFC, India’s largest mortgage lender, reports an 18% increase in profit in the second quarter.

HDFC, India's largest mortgage lender, reports an 18% increase in profit in the second quarter.

BANGALORE, Nov 3 (Reuters) – Housing Development Finance Corporation (HDFC.NS) (HDFC), India’s largest mortgage lender, reported a 17.8 per cent rise in second-quarter profit on Thursday, boosted by strong demand for mortgages. HDFC said its profit for the three months ended September 30 increased to INR 44.54 billion ($537.2 million) from INR 37.81 billion a … Read more