Brazil: Auto loans feel the heat
Brazil’s central bank has released figures for October showing the highest vehicle loan default rate in two years. As reported by Bloomberg: Default rates on cars, motorcycles and trucks in October...
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Eurozone worries hit Asian companies
Asian companies are worried about the unfolding eurozone crisis, but few are doing much about it beyond hoarding cash, according to a new survey from Citigroup. Most companies in Asia have been...
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RBI: non performing loans? No worry
The growth of non-performing assets on the balance sheets of Indian banks has been a huge concern for investors over the last year – so much so that analysts cite it as a major reason the Bombay Stock...
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Vietnam banks: credit for the healthy
Give credit where it’s due. That’s the latest policy from Vietnam’s central bank to try to resolve the deep-seated problems in the banking sector. Years of rapid credit growth have led to persistently...
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Arcapita: sharing the pain around
Bahrian’s Arcapita bank has thrown creditors a bit of a curve ball. The bank has decided to file for bankruptcy protection in the US after talks over an upcoming bank maturity of $1.1bn on March 28...
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Wonga returns to its African roots
Short-term online loans company Wonga, based in London, has opened for business in South Africa, the home of its founders Errol Damelin and Jonty Hurwitz. The UK business has generated a lot of...
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Indian loans: pointing to a turnaround?
On Thursday, State Bank of India and HDFC bank agreed to loan Tata Steel and Hindalco Industries around $6.6bn and $1.9bn, respectively – a development that may suggest the Indian economy, after a...
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Africa: China the lender of choice
When it comes to loans, Africa has a clear preference: lots from China, a little less from the World Bank please. According to data compiled by rating agency Fitch, loans from China’s Exim bank to...
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Guest post: In spite of EM bond boom, corporate credit is scarce
By David Creighton of Cordiant Capital With record flows into emerging market bonds you could be forgiven for thinking growth economies were awash with credit, and that they had avoided the fallout...
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End of the line for Kingfisher Airlines?
Luxurious homes around the world, highly collectable cars, a stud farm, some very classy yachts famous for their “king sized parties”… Anyone would be happy to get their hands on Vijay Mallya’s assets....
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[UPDATE] Hungary aims to boost bank lending with zero rates
Hungary’s new central bank president Gyorgy Matolcsy has unveiled a new 250bn forint (€831m) lending plan which allows banks to borrow at zero per cent from the central bank. The banks can then lend to...
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Moody’s puts negative outlook on Mongolian banks
Mongolia is one of the brightest hopes among the world’s frontier markets: a fast-growing economy with a vibrant democracy and a young population. So it’s salutary to be reminded that not all is...
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Nigeria: borrowing cautiously
It’s a busy time for Nigerian finance ministry officials. This week they celebrated the launch of eurobonds worth $1bn. On Monday they’re off to China to sign off on $3bn of loans from the government...
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India moves on current account gap at expense of growth
After long discussion, a battle in India’s government between the imperatives of boosting the economy and supporting the currency has been decided. Late on Monday, the Reserve Bank of India (RBI)...
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India and gold (2): gold loans on the up
In the second part of a beyondbrics series on India and gold, we look at the surge in gold loans – a market that highlights the country’s obession with the metal, and serves to reinforce demand. See...
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Don’t cry for Hungary’s forex borrowers
You may have felt sorry for the hundreds of thousands of Hungarians who found out this week that they won’t be entitled to a borrower relief scheme. Don’t.Continue reading »
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Poland’s lessons for Hungary on forex loans
It’s not often that banking regulators are on the receiving end of praise. More often than not they’re only noticed after something goes badly wrong. But Poland’s regulator has got a lot right in its...
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Former China official sees key local government deleveraging
You can bring a horse to water. But can you stop it from drinking (too much)? In the upcoming year of the horse, China’s leaders need to figure out exactly that, as its local governments thirst for...
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