Bank loan

Lamprell Secures $ 45 Million Bank Loan to Create Jack-Up Duo | Rigzone

Construction specialist Lamprell signed a $ 45 million revolving commercial credit facility to cover the costs of building two IMI jack-up platforms. Lamprell said he secured funding for the continued construction of these two platforms earlier this month. He added that he had signed a $ 45 million revolving commercial loan facility with First Abu […]

Bank loan

Ukraine launches bank loan terrorist financing investigation after RFE / RL report

Ukrainian prosecutors opened investigation into terrorist financing after it emerged that the country’s state-owned export-import bank had loaned tens of millions of dollars to companies owned by a businessman with interest in parts of eastern Ukraine controlled by Moscow-backed separatists. The Attorney General’s Office told the Ukrainian service of RFE / RL on Oct. 27 […]

Bank loan

Flexible approach to bank loan restructuring encouraged

Lawrence Agcaoili – The Filipino Star October 25, 2021 | 00h00 MANILA, Philippines – Banks and financial institutions are urged to take a more flexible approach in restructuring loans from borrowers severely affected by the pandemic, according to Bangko Sentral ng Pilipinas. PASB Deputy Governor Chuchi Fonacier said the Monetary Board, through Resolution 1401, approved […]

Bank insurance

ABE and Misr Life Insurance cooperate to provide bancassurance services in Decent Life villages

The Agricultural Bank of Egypt (ABE) and the Misr Life Insurance Company have signed an agreement whereby the bank allows the company to market and deliver its insurance services and programs through 100 branches of the bank in the villages covered by the first phase of the presidential election. Decent Life initiative. The agreement aims […]

Bank loan

P2P lending machine fires high amid slow bank loan disbursements

It has never been better for peer-to-peer (P2P) lending platforms, which are seeing a huge increase in the number of people willing to lend or borrow money. While the slowdown in loan disbursements by banks and other institutional lenders has pushed borrowers to turn to peer-to-peer lenders, low yields on fixed income are prompting wealthy […]

Bank loan

China’s slowdown in bank lending growth could worsen on real estate restrictions

The slowdown in bank lending growth in China is likely to slow further after the slowest gain in more than 15 years in attempts to dampen the real estate market. Concerns over the repayment capacity of borrowers, especially in the real estate sector, following the debt crises of China Huarong Asset Management Co. Ltd. and […]

Bank loan

Wall St Week Ahead – Growth in regional bank lending could portend healthier supply chains

Band David Randall NEW YORK, October 15 (Reuters) – If regional banks show signs of accelerating loan growth when they report earnings in the coming week, this could signal an easing of supply chain bottlenecks that have weighed on the economic recovery. from the United States after the pandemic, according to analysts and investors. Overall, […]

Bank loan

New York man sentenced over $1.1m bank loan and credit card fraud schemes

A former Long Island business owner has been convicted in connection with a scheme to defraud banks, business partners and a customer of approximately $1.1 million. Marcello Sozio, 65, of Huntington, was sentenced to 36 months in prison for wire fraud, according to an announcement from the United States Attorney’s Office for the Eastern District […]

Bank loan

RPT-Wall St Week Ahead-Growth in Regional Bank Lending Could Portray Healthier Supply Chains

(Rehearsal of the SCHEDULED COLUMN originally released on October 15, no change) NEW YORK, Oct. 15 (Reuters) – If regional banks show signs of accelerating lending growth when they report earnings in the coming week, it could signal an easing of chain bottlenecks. supply that weighed on the United States’ economic recovery after the pandemic, […]

Bank loan

Wall Street: Wall Street Week Ahead: Growth in regional bank lending could portend healthier supply chains

NEW YORK: If regional banks show signs of accelerating loan growth when they report earnings in the coming week, it could signal an easing of supply chain bottlenecks that have weighed on the economic recovery of the United States from the pandemic, analysts and investors said. Overall, small banks accounted for 63% of the roughly […]

Bank loan

Growth in regional bank lending could portend healthier supply chains | Invest News

NEW YORK (Reuters) – If regional banks show signs of accelerating loan growth when they report earnings in the coming week, it could signal an easing of chain bottlenecks. supplies that weighed on the US economic recovery from the pandemic, analysts and investors say. Overall, small banks accounted for 63% of the roughly $ 520 […]

Bank loan

Federal Bank lending growth shows hopes of recovery amid holiday season

The Federal Bank Ltd’s September quarter update showed encouraging signs of an economic recovery following the easing of restrictions imposed to contain the second wave of the pandemic. The private sector bank’s loan portfolio grew 10% for the September quarter from a year earlier, while deposits also showed a similar expansion, the lender said in […]

Bank loan

Bank loan fraud has been mutually beneficial for Avantha and Yes Bank: ED in court

The Enforcement Directorate (ED) alleged that the alleged fraud on bank loans involving Gautam Thapar was mutually beneficial for the Avantha group, promoted by the businessman, and Yes Bank. In its response opposing Thapar’s bail application, the federal agency told a local court on Friday that the proceeds of crime of Rs 131 crore had […]

Bank loan

World Bank $ 40 million loan for state health sector

SHILLONG, October 1: The World Bank’s Board of Directors approved a $ 40 million project to improve the quality of health services in Meghalaya and strengthen the state’s capacity to manage future health emergencies , including the COVID-19 pandemic.The loan which will be sanctioned by the International Bank for Reconstruction and Development (IBRD) has a […]

Bank loan

J&K Bank loan fraud: ED seizes assets of spice trading firm : The Tribune India

New Delhi, September 30 The Law Enforcement (ED) Directorate today said it had issued an interim seizure order under the Prevention of Money Laundering Act to seize assets worth $145, Rs 26 crore belonging to SA Rawther Spices Pvt Ltd and others in the J&K Bank loan fraud case. ED officials said the attached assets […]