Bank loans fall 2.7% in February: BSP

Bank loans fall 2.7% in February: BSP

MANILA – Bank lending fell 2.7% in February in part due to the pandemic-induced slowdown in activity, the Bangko Sentral ng Pilipinas said on Wednesday. Universal and commercial banks’ outstanding loans, net of reverse repo placement with BSP, contracted 2.7% year-on-year in February after falling 2.5% in January, BSP said. …

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Lendingkart raises $ 15 million from Dutch bank FMO

Agreement marks an extension of Lendingkart’s three-year working relationship with the bank receiving funds through MNTs Lendingkart mainly meets the capital needs of small and medium-sized businesses Founded in 2014 by Harshvardhan Lunia and Mukul Sachan, the company claims to have disbursed more than one Lakh loan to over 91,000 …

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Vietnam: successfully navigating the pandemic

Hanoi City Center, Vietnam: The country has successfully contained both COVID-19 and its adverse economic effects. (photo: Minh Luu & AA + Photography by Unsplash) Vietnam: successfully navigating the pandemic By Era Dabla-Norris and Yuanyan Sophia ZhangIMF Asia and Pacific Department March 10, 2021 Despite COVID-19, Vietnam’s economy has remained …

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Comerica (CMA) benefits from cost control: should we wait?

On April 6, we published an updated research report on Comerica Incorporated CMA. The company continues to benefit from initiatives to increase revenues and controlled spending, while the lack of diversification of the loan portfolio and significant exposure to some tough economies remain headwinds in the near term. Zacks’ consensus …

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2 stocks that might be worth paying for

Traditional principles of value investing encourage the production of conservative estimates to avoid downside risks. However, for companies with exceptional leadership teams and an option for new trades, growth can come from unexpected places. Reached (NASDAQ: UPST) and Wix (NASDAQ: WIX) are two actions that may seem expensive on the …

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