Stankevicius Alternative Investment Banking explores credit financing options for clients

EQS Newswire / 16/02/2023 / 09:00 UTC+8 Stankevicius Alternative Investment Banking explores credit financing options for clients   New York, Stankevicius Alternative Investment Banking, an independent entity of Stankevicius Group, providing alternative capital solutions is looking to explore credit financing options for clients for specific industries in the United Arab Emirates and overseas including Asia […]

JCB and Vietnam Prosperity Joint Stock Commercial Bank launch VPBank JCB Credit Card with a focus on Generation Z in Viet Nam

TOKYO & HO CHI MINH, Feb 6, 2023 – (JCN Newswire via – JCB International Co. Ltd. (JCBI), the international operations subsidiary of JCB Co., Ltd., Japan’s only international payment brand, and Vietnam Prosperity Joint Stock Commercial Bank (VPBank), a major commercial bank in Vietnam, announced the launch of VPBank JCB Credit Card in […]

Loan growth slows in December

BANK lending in December grew 13.4 percent, slightly lower than 13.9 percent the previous month, initial data of the Bangko Sentral ng Pilipinas (BSP) showed. Month on month, credit retreated by 0.04 percent. Loans to businesses expanded by 12.1 percent in December from a 12.6 percent rise in November driven largely by the credit growth […]

BSP approves 3% cap on credit card rate

THE Monetary Board decided to adjust the ceilings on credit card transactions by increasing the maximum interest rate or finance charge imposed on a cardholder’s unpaid outstanding credit card balance by 100 basis points (bps) or from two percent to three percent per month. Meanwhile, the existing ceiling on the monthly add-on rate that credit […]

AEON Credit Revenue of First Nine Months of FY2022/23 Up by 15.2% to HK$887.4 million following Improved Market Sentiment and Successful Mass Promotion Activities

HONG KONG, Dec 21, 2022 – (ACN Newswire via – AEON Credit Service (Asia) Company Limited (“AEON Credit” or the “Group”; Stock Code: 00900) today announced its results for the nine months ended 30 November 2022 (the “reporting period” or “nine months of FY2022/23”) During the reporting period, the Group’s revenue rose by 15.2% […]

AEON Credit Secures its Framework for Sustainability-Linked Loans, Strengthens and Advances its Sustainability Pledge

HONG KONG, Nov 30, 2022 – (ACN Newswire via – AEON Credit Service (Asia) Company Limited (“AEON Credit” or the “Group”; Stock Code: 00900) today announced that it has secured its sustainability-linked loan framework and entered agreements for three sustainability-linked loans (the “Loans”), with Mizuho Bank, Ltd., Hong Kong Branch, MUFG Bank, Ltd., Japanese […]

S&P affirms Philippines’ investment grade rating

S&P GLOBAL RATINGS affirmed on Thursday the Philippines’ investment grade rating, amid the economy’s continued recovery from the pandemic. “The Philippines’ economy is rebounding healthily, spurred by strong domestic demand as the country lifts mobility restrictions and fully reopens… We affirm our ‘BBB+’ long-term and ‘A-2’ short-term sovereign credit ratings on the Philippines,” it said […]

Card industry poised for growth

THE CREDIT CARD industry is expected to continue growing this year and next amid rising interest rates, an official from Asia United Bank Corp. (AUB) said on Monday. “I think the credit card industry is on the right track for growth this year and next year,” AUB Senior Vice President and Cards and Acquiring Business […]

Fitch Ratings keeps ‘negative’ PHL outlook

FITCH RATINGS affirmed the Philippines’ investment grade rating and kept the “negative” outlook, amid concerns over the impact of rising interest rates, soaring inflation and slowing global demand on the economy’s recovery. Fitch on Thursday said it maintained the Philippines’ long-term foreign currency issuer default rating at “BBB,” as this “balances strong growth, external finances […]

AEON Credit 1H2022 Revenue Up by 11.8% to HK$571.7 Million

HONG KONG, Sep 26, 2022 – (ACN Newswire via – AEON Credit Service (Asia) Company Limited (“AEON Credit” or the “Group”; Stock Code: 00900) today announced its interim results for the six months ended 31st August 2022 (“1H2022” or the “reporting period”). During the reporting period, the Group’s revenue was up by 11.8% year-on-year […]

BSP: Moody’s credit rating affirmation to support economic recovery

MOODY’S affirmation of the Philippines’ investment-grade credit rating of “Baa2” with a “stable” outlook will support the sustained recovery of the domestic economy, Bangko Sentral ng Pilipinas (BSP) Gov. Felipe Medalla said.In a statement on Saturday, Sept. 17, 2022, Medalla welcomed Moody’s recognition of the country’s well-capitalized banking system, which continues to provide the funding […]

Moody’s affirms PHL credit rating   

MOODY’S INVESTORS SERVICE on Thursday kept the Philippines’ “Baa2” credit rating with a “stable” outlook, as economic recovery is unlikely to be hampered by “challenging global credit conditions.” In a statement on Thursday, the credit rater affirmed the country’s long-term local and foreign currency issuer and senior unsecured ratings at “Baa2.”    “The rating action […]

CIMB Bank PH launches virtual card for users of  credit product

CIMB Bank Philippines, Inc. has launched its virtual card powered by its revolving credit product REVI Credit to boost its digital banking services in the country. Through the virtual card, REVI Credit users can shop online in any Visa-accepted online merchants. This includes e-commerce platforms, deliveries, travel bookings, and more, CIMB Bank PH said. “When […]

Loan standards for firms, consumers steady in Q2

BANKS’ CREDIT STANDARDS were broadly steady in the second quarter, which could be kept for businesses but eased for consumers in the coming months, a Bangko Sentral ng Pilipinas (BSP) survey showed. The BSP’s latest Senior Bank Loan Officers’ Survey published on Thursday showed most respondent lenders maintained their lending standards for both enterprises and […]

AEON Credit (00900) 1Q2022 Revenue up by 9.7% to HK$279.1 million

HONG KONG, Jun 23, 2022 – (ACN Newswire via – AEON Credit Service (Asia) Company Limited (“AEON Credit” or the “Group”; Stock Code: 00900) today announced its unaudited results for the three months ended 31 May 2022 (“1Q2022”, or the “reporting period”). For 1Q2022, the Group’s revenue increased 9.7% year-on-year to HK$279.1 million and […]

Banks must develop new products to meet growing demand for credit

BANKS should develop more affordable products as unserved and underserved Filipinos expect their need for credit to increase in the coming years, which, a study conducted by information solutions firm TransUnion Philippines showed. TransUnion’s study titled “Empowering Credit Inclusion: A Deeper Perspective on Credit Underserved and Unserved Consumers” surveyed 1,008 unserved and 964 underserved consumers […]

State of BNPLs in the country: A Q&A with BillEase

IN THE GROWING SPACE of financial technology (fintech), the proliferation of the Buy Now Pay Later (BNPL) system made its way in the Philippines. The coronavirus disease 2019 (pandemic) accelerated the process of shifting Filipino consumers to digital payment and resulted to its pervasive adoption, particularly in the e-commerce industry. For those who do not […]