SCB Increase retail lending : House, Car, Personal

Mr.Yol Phokasub Senior Executive Vice President, Group Head of The Siam Commercial Bank said the bank’s retail loans growth this year will be more targeted. After first-half growth at 15-16 percent, the bank had to adjust to retail. This year, rising to 17-18 percent growth in retail lending at the end of this year, 440-450 [...]

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Posted July 28, 2011 by ][-NooM-][ under More Bank, More Credit, More Loans

HSBC targets Five Billion Dollar markets in Asia

HSBC expects India, Singapore and Malaysia/Indonesia to each deliver over US$1 billion in profit before tax in the medium term, joining Hong Kong and mainland China as “billion-dollar” businesses, to accelerate the Bank’s growth in the region. A sharper focus on building scale at a faster pace in the region’s fast-growing markets is a key [...]

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Posted May 14, 2011 by ][-NooM-][ under More Bank, More Financial

SCB and SCIB Expands credit for housing : Special interest campaign

SCB and SCIB organized a campaign to attract special interest. (March – April Only) Mr. Sookkeardkijpiboon, Executive Vice President of The Siam Commercial Bank (SCB) said that the economic assessment at this time. Found that consumers continue to demand for housing increased continuously. But lack of confidence in the economy. And situations where the interest [...]

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Posted February 27, 2011 by ][-NooM-][ under More Bank, More Credit, More Real Estate

Kenya Central Bank Keeps Benchmark Rate Steady at 6%

Kenya’s central bank left its benchmark interest rate unchanged for the second straight meeting, following six cuts since last year, after commercial lenders increased loans to consumers and businesses. The Monetary Policy Committee left the key lending rate at a record low of 6 percent, the Nairobi-based Central Bank of Kenya said in an e-mailed [...]

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Posted February 10, 2011 by ][-NooM-][ under Benchmark Lending, More Bank

Allahabad Bank, Punjab & Sind Bank hike lending rates

Kolkata-based Allahabad Bank hiked its base rate by 0.5% to 9.5% and BPLR by 0.25% to 13.5% respectively Two state-run lenders, Allahabad Bank and Punjab & Sind Bank on Monday hiked their lending rates by up to half a percentage point, becoming the first banks to up their rates after the Reserve Bank of India [...]

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Posted February 7, 2011 by ][-NooM-][ under Benchmark Lending, More Bank

Japan’s Central Bank keeps Lending Rate, Lifts Growth Forecast

The Bank of Japan (BOJ) on Tuesday decided by unanimous vote to keep its benchmark lending rate unchanged at between 0.0 and 0.1 percent as the central bank continues to tackle the nation’s lingering deflation. The central bank also raised its economic growth forecast for fiscal 2010 to 3.3 percent, following a two-day policy board [...]

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Posted January 28, 2011 by ][-NooM-][ under Benchmark Lending, More Bank

Citibank Fraud Pegged at Rs 400 crore

The police has estimated the Citibank fraud perpetuated by its relationship manager Shivraj Puri at Rs 400 crore, involving accounts of about 29 entities including Hero Group promoters. In a report filed with the city court, the police said that Puri was a “educated and clever person” and had diverted funds of companies and individuals [...]

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Posted January 9, 2011 by ][-NooM-][ under More Bank