Credit line

Xi Jinping promises $ 10 billion line of credit to African financial institutions

Reuters Monday, November 29, 2021 9:27 a.m. Nov. 29 (Reuters) – Chinese President Xi Jinping on Monday announced that a cross-border Sino-African yuan center would be set up to provide African financial institutions with a $ 10 billion line of credit. China will also offer an additional 1 billion doses of COVID-19 vaccines to African […]

Credit line

Bulgarian Fund of Funds and Fibank agree line of credit for rural farmers and SMEs

SOFIA (Bulgaria), November 26 (SeeNews) – The fund of funds (FoF) managed by the Bulgarian state and the local First Investment Bank (Fibank) [BUL:FIB] has agreed to launch a line of credit exceeding 70 million levs ($ 40.1 million / 35.8 million euros) for farmers and small and medium-sized enterprises (SMEs) in rural areas, announced […]

Credit risk

Automate credit risk monitoring using statistical models

This article is written and published by S&P Global Market Intelligence, an independent division of S&P Global Ratings. The lowercase nomenclature is used to differentiate S&P Global Market Intelligence credit ratings from credit ratings issued by S&P Global Ratings. Summary S&P Global Ratings Issuer Credit Ratings (ICRs) assess a company’s willingness or ability to repay […]

Credit line

Calfrac Well Services increases its line of credit and its investment budget

By Adriano Marchese Calfrac Well Services Ltd. said Thursday it has increased its line of credit to C $ 250 million, or approximately US $ 197.3 million, as well as its capital budget as it seeks to expand its operations in North America. The Canadian oil services company said it had performed the accordion function […]

Credit risk

‘More power for them’: OSFI attacks investors as house prices soar

The head of Canada’s financial system watchdog is sounding the alarm on the use of home equity lines of credit (HELOCs), which he says could “simultaneously fuel and help Canadians afford real estate valuations on the rise ”. “The use of HELOC loans and non-traditional home-backed products can result in larger and more persistent outstanding […]

Credit risk

‘More power for them’: OSFI attacks investors as house prices soar

The head of Canada’s financial system watchdog is sounding the alarm on the use of home equity lines of credit (HELOCs), which he says could “simultaneously fuel and help Canadians afford real estate valuations on the rise ”. “The use of HELOC loans and non-traditional home-backed products can result in larger and more persistent outstanding […]

Financial credit

Insuravest pioneer launches exclusive health and financial credit card – Manila bulletin

Pioneer Insuravest Launches Exclusive Health and Financial Credit Card PRU VIE UNITED KINGDOM The leading life insurer Pru ​​Life UK announces its latest offer for clients: the Pru Life UK credit card in partnership with Robinsons Bank and Mastercard. The co-branded card offers convenient premium payments and other exclusive benefits rooted in the financial stability […]

Credit risk

Residential mortgage credit risk has increased only “modestly”, says OSFI

The head of the agency responsible for overseeing Canada’s federally regulated lenders said Tuesday that residential mortgage credit risk had increased “only modestly.” Peter Routledge, head of the Office of the Superintendent of Financial Institutions (OSFI), made the comment during a virtual speech to financial analysts in Vancouver. This is against the backdrop of “very […]

Credit risk

Freddie Mac Prices $ 317 Million in Multi-Family Structured Credit Risk Notes

MCLEAN, Virginia, November 22, 2021 (GLOBE NEWSWIRE) – Freddie mac (OTCQB: FMCC) recently priced a new offering of Multi-Family Structured Credit Risk Notes (MSCR), Series 2021-MN3. The MSCR program (pronounced M-SCORE) is designed to reduce Freddie Mac’s exposure to mortgage credit risk and strengthen the company’s mission of supporting quality, affordable rental housing. MSCR transactions […]

Credit risk

Japanese mega-banks face higher credit risk after government subsidies end

The bad debts of Japan’s three mega-banks could rise further as many borrowers, still grappling with the consequences of the pandemic, will be forced to start paying interest on their loans after a program of government subsidies ends. Japanese banks have offered interest-free, unsecured loans to businesses struggling with the COVID-19 pandemic for up to […]