South Korea\'s financial watchdog has urged local banks to induce individual borrowers to repay their debts instead of putting the lid on fresh loans, in an effort to help curb household debt, industry sources said Sunday. The move came after major lenders Shinhan Bank, Hana Bank and Nonghyup said Thursday they will halt new household lending, sparking concern that they could force households to resort to higher-interest loans from non-banking financial institutions, further aggravating the household debt problem.
GMT 16:45 2017 Tuesday ,19 December
Sukuk Al-Salam issue 200 fully subscribedGMT 16:46 2017 Thursday ,14 December
CBB raises key interest rateGMT 12:35 2017 Thursday ,14 December
South Korea bans its banks from dealing in BitcoinGMT 16:21 2017 Tuesday ,12 December
Sukuk Al-Ijara issue 148 fully subscribedGMT 12:53 2017 Monday ,11 December
Bahraini bank evolves as fintech leaderGMT 08:22 2017 Sunday ,10 December
Bahrain issues ETFs regulationsGMT 12:03 2017 Friday ,08 December
No VAT on loans, ATM services, says Saudi tax authorityGMT 11:48 2017 Thursday ,07 December
India's central bank holds rates at seven-year lowMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©