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Regulations 2 years ago
PREMIUM
MSMEs debt forgiveness won’t come cheap for small banks
The government is planning intervene in the credit market to address nonperforming loans to micro, small and medium enterprises (MSMEs) and free up banks to lend further to the group, but experts say the move could have a dire impact on small banks’ balance sheets.
Business 5 years ago
Chinese banks to post first first-half profit drop in over a decade amid pandemic pain
Some of China’s largest banks are set to post their first drop in first-half profits since the global financial crisis, hit by a surge in bad debt and higher loan-loss provisions due to the coronavirus pandemic, analysts and official data indicate.
Business 5 years ago
Credit bureau Pefindo sees signs of recovery despite increasing bad loans
Private credit bureau PT Pefindo Biro Kredit reported that it saw a surge of more than 100,000 credit inquiries booked in June to over 378,700 inquiries, from a year-low figure of around 263,000 inquiries in May.
