July 2009
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PETALING JAYA: Total loans in the banking system grew by 1% month-on-month in June to RM742.8bil from RM735.2bil in May, underpinned by increased loan disbursements.
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Commercial real estate finance company iStar Financial Inc. reported a $292.3 million second-quarter loss Friday, reflecting continuing difficulties with its loans in a tough market.
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International lenders are ready to give Ukraine up to $1.7 billion in loans to help it pay a massive natural gas bill to Russia and reform its energy sector, the European Commission said Friday.
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“This crisis has consisted of a series of earthquakes, with changing epicenters,” Ackermann said late yesterday at an event in Zurich. “Bad loans are the next wave. Banks that have fared relatively well so far will also be affected by this.”
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The Shanghai Composite Index has surged 87 percent in 2009 as 7.37 trillion yuan ($1.1 trillion) of bank loans and government spending spur an economic recovery.
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“This crisis has consisted of a series of earthquakes, with changing epicenters,” Ackermann said late yesterday at an event in Zurich. “Bad loans are the next wave. Banks that have fared relatively well so far will also be affected by this.”
Written by Yahoo! News Search Results for loans on July 31st, 2009 with no comments.
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Major Japanese bank Mizuho Financial Group stayed in the red last quarter, posting a 4.49 billion yen ($47.3 million) loss as derivatives trading soured and bad loans surged.
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New loans issued by Chinese banks in July are expected to not exceed 500 billion yuan (73.2 billion dollars), less than a third of that lent in June, state media reported Friday.
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While Florida has had relatively few bank failures, real-estate loans have been sunk by over-development.
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July 31 (Bloomberg) -- HSBC Holdings Plc , Europe’s biggest bank by market value, may report a second straight loss after setting aside $15.3 billion, mainly for consumer loans that soured in the U.S.
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