MANILA, Philippines—The Bangko Sentral ng Pilipinas (BSP) wants small cooperatives and small businesses to have better access to loans that could help scale up their operations and, in doing so, improve the economic condition of more Filipinos. The BSP and the Cooperative Development Authority (CDA) have agreed to work closer together to better implement the provisions of the Credit Surety Fund Cooperative Act that became law in 2015. “The central bank is committed to support the development of the credit surety fund as a vital credit infra ...
The Bangko Sentral ng Pilipinas (BSP) and the Japan International Cooperation Agency (Jica) have jointly launched the Credit Risk Database Scoring Model to help lenders better assess the creditworthiness of small and medium enterprise borrowers, including those without credit history or adequate collateral. According to BSP Governor Felipe Medalla, this latest tool for banks was intended to bridge the funding gap for micro, small and medium enterprises (MSMEs) while enhancing the credit risk management of financial institutions using a data-dri ...
'돈 어디에 쓰느냐' 따라 허용' 융자가 어려운 요즘 은행에 자주 걸려오는 문의 전화 가운데 하나는 어떤 형태로든 융자를 받을 수 없겠느냐는 것이겠지만 은행에서는 이 두가지를 엄격하게 구분한다. 비즈니스...
BERLIN -About one in four German companies currently seeking new loans are reporting restraint from lenders as high inflation and concerns over energy supply rattle Europe’s largest economy, according to a survey published on Monday. The figure – 24.3 percent – is the highest seen since 2017, said the Ifo institute, which conducted the survey. “The difficult economic climate is currently making banks more cautious,” said Klaus Wohlrabe, Ifo’s head of surveys. “Without new loans, some companies might struggle for economic survival, ...
U.S. Capitol police stand outside the Capitol building as the Senate votes on debt ceiling legislation to avoid a historic default at the U.S. Capitol in Washington, U.S., June 1, 2023....
Tonik Financial Pte. Ltd. is acquiring a financial technology (fintech) platform providing financial services to company employees in a bid to expand its portfolio. In a statement on Friday, the parent company of Tonik Digital Bank Inc. said it had entered into an agreement with Tendo Payment Solutions Pte. Ltd. to buy its local business operating under the name of “TendoPay.” · The deal is still subject to the approval of relevant regulators. “Tonik’s acquisition of TendoPay is a testament of our passion for accelerating financial and ...
Logos of Swiss banks Credit Suisse and UBS are seen before a news conference in Zurich Switzerland, Aug 30, 2023. REUTERS/Denis Balibouse/File photo
other credit institutions. Of late, the preparation of the AFS in time for the ASM has become... with business process outsourcing companies that provide accounting and related services to...
ZURICH, Switzerland -Swiss banking giant UBS posted a larger-than-expected loss in the third quarter on Tuesday, the first quarterly drop since 2017 as it integrates fallen rival Credit Suisse. ; UBS said the net loss in the third quarter stood at $785 million (732 million euros). Analysts surveyed by the AWP news agency had been expecting a smaller loss of $430 million. ; The last time Switzerland’s largest bank was in the red was in the fourth quarter of 2017. ; UBS, however, said that it had “now stabilized Credit Suisse and continued to grow our franchise” as it raked in $22 billion in net new money into its wealth management business in the quarter.
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