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

Bank of Ireland raises fixed interest rate on home loans by 0.25%

Bank of Ireland raises fixed interest rate on home loans by 0.25%

DUBLIN, Nov 10 (Reuters) – Bank of Ireland (BIRG.I) Following main rival AIB (AIBG.I) Mortgage rates rose after the European Central Bank began raising interest rates, with the cost of new fixed-rate mortgages increasing by just 0.25% on Thursday. AIBs (AIBG.I)became the first Irish bank to raise fixed interest rates since the ECB began pushing … 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 homebuilder Persimmon flags slowing demand amid surge in mortgage rates

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

November 8 (Reuters) – Persimmon (PSN.L)It is the second largest homebuilder in the UK. The UK housing market has shown signs of slowing in recent months as rapid inflation hit consumer budgets and the Bank of England raised interest rates. Moreover, the government’s mini-budget in September led to a surge in mortgage rates. “Rising interest … 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

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

Lawmakers warn banks to cut mortgage rates as UK house price drop looms

Lawmakers warn banks to cut mortgage rates as UK house price drop looms

LONDON (Reuters) – After recent political turmoil has wreaked havoc on the mortgage market, with mortgage prices skyrocketing and hundreds of products being debited, British MPs said on Wednesday: He called on banks to reduce the price of expensive mortgages. Lenders withdrew about 1,700 mortgage products in a week and then reintroduced them at 1-2 … Read more