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

Nigerians trade waste for health insurance

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

PORT HARCOURT, Nigeria (Reuters) – Jerome Ngutall suffered from persistent stomach pains and, like many Nigerians, had no money for a doctor. Then he heard about the novel idea of ​​getting health insurance. He soon signed up with Soso Care, a Nigerian health-tech company, and after delivering used car batteries and plastic waste, he received … 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

Sean Penn visits Zelensky in Ukraine, lends Oscar

Sean Penn visits Zelensky in Ukraine, lends Oscar

(Reuters) – Hollywood actor and director Sean Penn, who has been sanctioned by Russia for criticizing the war in Ukraine, met Ukrainian Volodymyr Zelensky during a visit to Kyiv on Tuesday. Lent an Oscar statuette to the president. “It’s just symbolic and ridiculous,” he said, sitting beside the Ukrainian leader at the table at the … 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

India’s Paytm post sees quarterly earnings increase as loan growth surges

India's Paytm post sees quarterly earnings increase as loan growth surges

BANGALORE, Nov 7 (Reuters) – Indian digital payments company Paytm (PAYT.NS) reported a 76% increase in second-quarter revenue, helped in part by surging loan growth, with the company reiterating that it will be profitable by September 2023. . Paytm’s parent company One 97 Communications Ltd said revenue for the quarter from July to September increased … 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

Indian Infrastructure Bank to start disbursing loans in fiscal year 23

Indian Infrastructure Bank to start disbursing loans in fiscal year 23

MUMBAI (Reuters) – India’s development finance institution, the National Infrastructure Development Bank, may start disbursing loans from this financial year, said managing director and CEO Rajkiran. Lai G said Wednesday. Lai said financial institutions are also considering raising funds by issuing long-term bonds in the domestic market this fiscal year with maturities of 10 to … Read more

Insurance for Ukrainian grain shipments cut after Russian suspension – source

Insurance for Ukrainian grain shipments cut after Russian suspension - source

LONDON (Reuters) – Insurers are no longer offering new cargo insurance for shipments from Ukraine through the UN-backed secure corridor after Russia stopped participating, industry sources said. an industry source said on Tuesday. An export deal agreed by Russia and Ukraine and brokered by Turkey and the United Nations in July was aimed at alleviating … Read more