Credit risk

Freddie Mac’s credit risk transfer delivers record first

MCLEAN, Va., Aug. 30, 2022 (GLOBE NEWSWIRE) — Freddie Macit is The one-family business today announced that its Credit Risk Transfer (CRT) program announced a CRT issuance in the second quarter of 2022 of approximately $6.5 billion, protecting approximately $151 billion of principal balance unpaid (UPB) single family mortgages. The total was a record for […]

Credit risk

IndusInd Bank – Credit risk increases further, margin under pressure: Systematix

BQ Prime’s special research section brings together in-depth and quality research reports on stocks and the economy from India’s top brokers, asset managers and research agencies. These reports offer BQ Prime subscribers the opportunity to broaden their understanding of companies, sectors and the economy. Systematix Research Report Our readings of the FY22 annual report of […]

Credit risk

Harvesting Farmer Network raises $4 million to help farms at credit risk

Harvesting Farmer Network, which helps farms at credit risk, raised $4 million in a funding round. Social Capital, a Silicon Valley-based technology investment firm, provided the capital, which marks Harvesting Farmer Network’s first institutional investment. These funds will enable the FinTech company to reach over 120 million smallholder farmers across India, as well as explore […]

Credit line

Capital on Tap secures £200m line of credit from JPMorgan and Triple Point

Capital on Tap has secured a £200m funding facility with JP Morgan and Triple Point to support UK small businesses. The funding will help small businesses access credit at a time when the UK is anticipating a recession and facing historic inflation rates. Launched in 2012, Capital on Tap provides an all-in-one small business credit […]

Credit provider

Listed credit provider slips to £40m after ‘difficult’ year | Yorkshire Business News

Morses Club have slid to a pre-tax statutory loss of over £40m after a ‘challenging’ year for the listed home loan provider. The Batley-based business reported a pre-tax statutory loss of £42.9 million for the 52 weeks to February 26, 2022, compared to a profit of £500,000 in 2020/21. Group turnover increased by 11.2% to […]

Credit provider

Listed credit provider slips to £40m after ‘difficult’ year | Yorkshire Business News

Morses Club have slid to a pre-tax statutory loss of over £40m after a ‘challenging’ year for the listed home loan provider. The Batley-based business reported a pre-tax statutory loss of £42.9 million for the 52 weeks to February 26, 2022, compared to a profit of £500,000 in 2020/21. Group turnover increased by 11.2% to […]

Credit line

KfW ready to extend credit line to Uniper as gas losses mount – sources

Gas flames from a stove are pictured in a private house, as the Russian invasion of Ukraine continues, in Bad Honnef near Bonn, Germany March 30, 2022. REUTERS/Wolfgang Rattay/File Photo Join now for FREE unlimited access to Reuters.com Register FRANKFURT, Aug 24 (Reuters) – German public lender KfW (KFW.UL) is ready to provide a line […]

Credit line

Capital on Tap secures £200m line of credit from JP Morgan and Triple Point

Capital on Tap has secured a £200m funding facility from JP Morgan and investment firm Triple Point to support small businesses in the UK. Capital on Tap Secures £200m Funding Facility The company says the funding will help small businesses access credit at a time when the UK is anticipating a recession and facing historic […]

Credit risk

LMA Releases First-of-its-Kind Credit Risk Insurance Policy Template | Insights and Events

On August 10, 2022, the Loan Market Association (“AML“), in association with the Lloyd’s Market Association (“Lloyd’s“) and the International Underwriting Association (“IAU“), published a model credit risk insurance policy (“IRC Policy“). The CRI policy represents the culmination of two years of work by a task force made up of players in the credit insurance […]

Financial credit

TopLine Financial Credit Union receives two twin cities

MAPLE GROVE, Minnesota, Aug. 23, 2022 (GLOBE NEWSWIRE) — Local financial services cooperative TopLine Financial Credit Union has been named Twin Towns Affairs Winner of the Best of Business Reader’s Choice 2022 survey in two categories: Credit Union and Mortgage Lender. The annual Twin Cities Business Survey asks their readership, “Which companies exemplify true excellence […]

Credit risk

Holistic credit risk assessment and objective of safe and unbiased modeling

In this Asia risk webinar, artificial intelligence experts (AI) and machine learning examined the growing applications seen in the field and their merit in credit risk modeling During a panel moderated by S&P Global market intelligence and Asia risk to Japan risk conference held in June, Hiroyuki Yoshizawa, Executive Director and Head of Product, Data, […]

Financial credit

TopLine Financial Credit Union receives two twin cities

MAPLE GROVE, Minnesota, Aug. 23, 2022 (GLOBE NEWSWIRE) — Local financial services cooperative TopLine Financial Credit Union has been named Twin Towns Affairs Winner of the 2022 Best of Business Reader’s Choice survey in two categories: Credit Union and Mortgage Lender. The annual Twin Cities Business Survey asks their readership, “Which companies exemplify true excellence […]

Financial credit

TopLine Financial Credit Union Receives 2022 Twin Cities Readers’ Choice Award “Best of Business”

TopLine Financial Credit Union TopLine honored to be named Best Credit Union and Best Mortgage Lender 2022 TopLine honored to be named Best Credit Union and Best Mortgage Lender 2022 TopLine honored to be named Best Credit Union and Best Mortgage Lender 2022 MAPLE GROVE, Minnesota, Aug. 23, 2022 (GLOBE NEWSWIRE) — Local member-owned financial […]

Credit line

Emergency Line of Credit Guarantee Scheme Helps Travel and Hospitality Sector by Rs 50,000 Crore Cabinet

Information and Broadcasting Minister Anurag Thakur announced on August 17 that the extension of the Emergency Credit Line Guarantee Scheme (ECLGS) from Rs 4.5 lakh to Rs 5 lakh crore had received Union Cabinet approval. According to the minister, the extra money will only be available for the travel, tourism and hospitality industries. After the […]

Credit risk

Net zero liabilities bring a big unknown for credit risk

What does it take for a 10.3 billion euro ($10.5 billion) loan portfolio to deteriorate overnight? A market take? A business mishap? A pandemic? For Rabobank, it was the unveiling of the Dutch government’s plans to make the country’s air safer to breathe. Measures outlined in June by Prime Minister Mark Rutte’s cabinet to tackle […]

Credit line

XS Financial completes $24 million line of credit with Needham Bank

XS Financial Inc. XSHLFName XSF a specialty finance company providing CAPEX and equipment finance solutions to cannabis companies in the United States, has closed a new $24 million line of credit with Needham Bank committing $20 million and acting as administrative agent. XS Financials’ existing $4 million line of credit with an FDIC-insured bank will […]

Credit line

XS Financial completes $24 million line of credit with Needham Bank

LOS ANGELES, CA / ACCESSWIRE / August 18, 2022 / XS Financial Inc. (“XS Financial”, “XSF” or the “Company”) (CSE:XSF) (OTCQB:XSHLF), a specialty finance company providing CAPEX and equipment finance solutions to cannabis companies in the United States, today announced that it has entered into a new $24 million line of credit (“credit facility ”) […]

Financial credit

UNIFY Financial Credit Union teams up with Football Pro Safety Terrell Burgess & Walmart in School Backpack Drive

**Credit Union branches are accepting donations of new backpacks for high school students** **Each donated backpack equals a chance to meet professional footballer Terrell Burgess** TORRANCE, Calif., August 17, 2022 /PRNewswire/ — UNIFY Financial Credit Union (UNIFY) launched a school backpack and supply drive in partnership with Los Angeles Rams Safety #26 Terrell Burgess and […]

Financial credit

UNIFY Financial Credit Union teams up with Football Pro Safety Terrell Burgess & Walmart in School Backpack Drive

**Credit Union branches are accepting donations of new backpacks for high school students** **Each donated backpack equals a chance to meet professional footballer Terrell Burgess** TORRANCE, Calif., August 17, 2022 /PRNewswire/ — UNIFY Financial Credit Union (UNIFY) launched a backpack and school supply drive in partnership with Los Angeles Rams Safety #26 Terrell Burgess and […]

Credit line

Government approves proposal to increase expenditure on emergency line of credit guarantee scheme from Rs 50,000 cr to Rs 5 lakh-crore : The Tribune India

Tribune press service New Delhi, August 17 The government on Wednesday approved a proposal by the Ministry of Finance to increase the expenditure of the Emergency Credit Line Guarantee Scheme (ECGLS) from Rs 50,000 crore to Rs 5 lakh crore and the increased amount will be set aside for l hospitality and related […]

Financial credit

Robins Financial Credit Union Presents Check to Southeastern Technical College Foundation • The Georgia Virtue

Robins Financial Credit Union recently donated $410,000 to 21 organizations as part of its annual community project. Organizations submitted their applications and recipients were chosen by a special committee of the Robins Financial Board of Directors based on their application and request for funding, as well as their reputation and the work they do for […]

Credit risk

5 Factors Lenders Use to Best Measure Your Credit Risk

When applying for a new credit card, loan, or other type of financing, a credit check is almost guaranteed to be part of the application process. Credit scores help lenders predict risk, and lenders can use them to determine an applicant’s likelihood of repaying credit obligations in the future. The vast majority of lenders (90% […]

Credit line

HOZON Auto Obtains 6 Billion Yuan Line of Credit from Huaxia Bank Shanghai Branch

Shanghai (Gasgoo)- HOZON Auto, owner of China’s New Energy Vehicle (“NEV”) brand NETA, signed an agreement with Huaxia Bank’s Shanghai branch a few days ago to carry out comprehensive strategic cooperation in areas such as conventional finance, supply chain finance, investment bank investment business, cross-border business, bond investment, digital finance business and automotive consumer finance. […]

Financial credit

LA Financial Credit Union Launches Employee Knowledge Management Solution

Engageware, the leading provider of customer engagement solutions, today announced that LA Financial Credit Union, based in Pasadena, Calif., has strategically created new operational efficiencies and improved employee experience by deploying the management solution knowledge of Engageware employees to its employee base. Following the launch of Engageware Customer Self-Service in April 2021, LA Financial implemented […]

Financial credit

LA Financial Credit Union Launches Employee Knowledge Management Solution to Increase Investment in Member Engagement

Solution improves member experience by increasing employee productivity and maximizing operational efficiency TEWKSBURY, Mass., Aug. 11, 2022–(BUSINESS WIRE)–Engaging Softwarethe leading provider of customer engagement solutions, the Pasadena, Calif.-based company announced today, LA Financial Credit Unionstrategically created new operational efficiencies and improved employee experience by deploying Engageware Employee knowledge management solution to its employee base. Following […]

Financial credit

LA Financial Credit Union Launches Employee Knowledge Management Solution to Increase Investment in Member Engagement

TEWKSBURY, Mass.–(BUSINESS WIRE)–Engaging Softwarethe leading provider of customer engagement solutions, the Pasadena, Calif.-based company announced today, LA Financial Credit Unionstrategically created new operational efficiencies and improved employee experience by deploying Engageware Employee knowledge management solution to its employee base. Following the launch of Engageware Customer self-service in April 2021, LA Financial implemented Employee Knowledge Management […]

Credit risk

Publication of the new credit risk insurance policy form model

The Loan Market Association (LMA) has released a new Model Credit Risk Insurance Policy (CRI). According to the association, this was done in conjunction with Lloyd’s Market Association and the International Underwriting Association (IUA). He said the CRI policy is written with the aim of insuring the credit risk of a single borrower arising from […]

Credit risk

FERC Issues Show Order and Credit Risk NOPR | Troutman pepper

On July 28, 2022, FERC issued a show cause order stating that the rates of several Regional Transmission Organizations (“RTOs”) and Independent Network Operators (“ISOs”) appear unfair and unreasonable because they lack certain management practices credit risk. FERC also issued a related Notice of Proposed Rulemaking (“NOPR”) to allow all market participants to share credit […]

Credit risk

SMBC Hires Mark CToe as Chief Credit Risk Officer

NEW YORK, August 09, 2022–(BUSINESS WIRE)–SMBC, a member of the SMBC Group, today announced the appointment of Marc CToe as Managing Director and Director of Credit Risk for the Americas Division. In this role, Mark is responsible for overseeing all aspects of credit risk management in the Americas region. It relates to Kim Olsonchief risk […]

Credit risk

SMBC Hires Mark CToe as Chief Credit Risk Officer

Content of the article NEW YORK — SMBC, a member of the SMBC Group, today announced the appointment of Marc CToe as Managing Director and Director of Credit Risk for the Americas Division. In this role, Mark is responsible for overseeing all aspects of credit risk management in the Americas region. It relates to Kim […]

Credit risk

Credit Risk Management Software Market Size, Scope, Growth Opportunities, Trends by Manufacturers and Forecast to 2029 – Instant Interview

New Jersey, United States – This Credit Risk Management Software Market The report focuses on market share, size, level of competition, key pricing structure and major key market developments. It goes on to focus on financial needs as well as investments. Some market strategies are discussed here to generate huge revenue through businesses. It further […]

Credit risk

The Basel Committee newsletter discusses credit risk in real estate and leveraged loans

The Basel Committee on Banking Supervision today published a newsletter dedicated to credit risk, which has increased in recent months due to inflation and the COVID-19 pandemic. While the bulletin does not constitute new supervisory guidance or expectations, it stressed that banks should “maintain prudent risk management practices on real estate and leveraged lending, as […]

Credit line

The commitment to sustainable development guarantees Hispasat a line of credit of 250 million euros

Hispasat renewed and expanded a credit line after the Spanish satellite operator agreed to incorporate sustainability criteria for the first time. A banking syndicate, made up of five financial institutions, granted Hispasat a credit line of 250 million euros which will be used to strengthen the company’s liquidity and support the execution of its 2020-25 […]

Credit risk

Credit Risk Database Market Supply-Demand, Feasibility and Investment Forecast 2026 – Instant Interview

Credit Risk Database Market (CRD) and its contribution to Japan’s efforts to promote financial inclusion. CRD contributes to improved risk-based lending, a fairer loan guarantee system and a general understanding of the small and medium-sized enterprise (SME) sector by collecting financial data on SMEs. When assessing credit to SMEs, the CRD also uses other data, […]

Credit line

Chase Line of Credit Increase: How and When to Apply

PheelingsMedia/Getty Images/iStockphoto Asking for a credit limit increase on a credit card isn’t a smart financial move for everyone, but it can benefit some cardholders. An increase in credit line can often improve a cardholder’s credit utilization score while providing more purchasing power in case of large unexpected expenses. Here’s how to request a Chase […]

Credit line

Digital lending platform Auxmoney raises €500m line of credit

Digital bank The German digital lender has attracted support from several large institutional investors to fund its peer-to-peer lending platform. Image source: CFO Daniel Drummer, CEO Raffael Johnen and COO Arie Wilder. Digital lending platform Auxmoney secured €500 million in funding for new loans. The Düsseldorf-based firm, founded in 2007, provides a lending market it […]

Credit line

India signs 6 agreements with the Maldives and offers a new line of credit of 100 million dollars

India on Tuesday signed six agreements with the Maldives to expand bilateral cooperation and offered an additional $100 million line of credit to support development projects in the island nation. The six pacts signed in New Delhi between Indian Prime Minister Narendra Modi and Maldivian President Ibrahim Mohamed Solih will strengthen their cooperation in the […]

Credit line

India offers new $100m line of credit to Maldives for infrastructure

India has offered a new $100 million line of credit to the Maldives to finance infrastructure projects, Prime Minister Narendra Modi announced on Tuesday following his talks with Maldives President Ibrahim Mohamed Solih in New Delhi. Solih, who is on a four-day official visit to India, said the additional fund would enable the implementation of […]

Credit line

India announces $100m line of credit to Maldives

NEW DELHI (AP) — India will extend a $100 million line of credit to the Maldives to support development projects, Prime Minister Narendra Modi said Tuesday after meeting with his counterpart, President Ibrahim Mohamed Solih . Solih arrived in India on Monday for a four-day visit. The two countries have signed six agreements to strengthen […]

Financial credit

KBRA Assigns Preliminary Ratings to Mercury Financial Credit Card Master Trust Series 2022-2

NEW YORK–(BUSINESS WIRE)–KBRA assigns preliminary ratings to four classes of notes issued by Mercury Financial Credit Card Master Trust, Series 2022-2 (“MFCCMT 2022-2”), an asset-backed credit card securitization issued by Mercury Financial Credit Card Master Trust Trust (“Master Trust”). The MFCCMT 2022-2 Notes are collateralized and repaid by a portfolio of general purpose revolving credit […]

Credit risk

Leading financial information provider introduces ‘credit risk heatmap’ to monitor levels

Outstanding loans in banks and microfinance institutions (MFIs) reached $51.5 billion as of June 30, marking a 23.4 percent year-on-year increase. YOUSOS APDOULRASHIM Leading financial information provider introduces ‘credit risk heatmap’ to monitor levels Credit Bureau (Cambodia) Co Ltd (CBC) on July 31 launched a “credit risk heatmap” tool allowing financial institutions to monitor credit […]

Credit line

Eni signs a new line of credit related to sustainable development of 6 billion euros – Eurasia Review

Eni announced on Thursday that it has signed a new five-year, five-year, revolving credit line of credit linked to sustainability, linked to two objectives of its “sustainability-related financing framework” updated in May 2022. The margin of the new line of credit is linked to the achievement of sustainability objectives relating to the Upstream Net Carbon […]

Credit line

IDB approves $1.14 billion line of credit to Argentina to decarbonize its energy sector

IDB PRESS RELEASEJuly 27, 2022 The Inter-American Development Bank (IDB) has approved a $1.14 billion conditional line of credit for investment projects aimed at decarbonizing Argentina’s energy sector. The IDB Group remains committed to supporting Argentina’s development agenda with projects that have a direct development impact. Under the line of credit, the IDB authorized initial […]

Credit risk

ECGC launches new program to provide up to 90% export credit risk insurance coverage for small exporters

Trade, import and export for MSMEs: Export credit provider Export Credit Guarantee Corporation of India (ECGC) has launched a new scheme to insure up to 90% of credit risk in export finance, supporting small exporters by encouraging banks to provide more export credit in a context of global economic uncertainty. Risk coverage, provided by banks […]

Credit provider

Customer demand fuels positive credit provider results

Unsecured consumer credit provider International Personal Finance (IPF) made pre-tax profits of £33.8m (H1 2021: £43.3m) in the six months to June 30, 2022. Underlying pre-tax profit for the Leeds-based business in the first half of the year increased by 45%, after excluding reversals of Covid-19 impairment provisions in the first half of 2021 of […]

Credit line

StashFin launches new line of credit card exclusively for women

Neo-banking platform Stashfin has introduced #LiveBoundless – a line of credit card exclusively for women. On the heels of new value propositions on its line of credit cards, the platform is bringing the #LiveBoundless card which aims to give more financial freedom to women. Counted among India’s leaders in the neo-banking space, Stashfin’s #LiveBoundless card […]

Financial credit

July 27 – Design Collaborative working on 3 Fort Financial Credit Union locations | New

Design Collaborative is part of the design of not two, but three new locations for Fort Financial Credit Union in Fort Wayne. Two new branches are under construction, as well as a head office with an integrated branch. The two retail locations are very similar, each around 2,300 square feet. The locations will have teller […]

Financial credit

JM Financial Credit Solutions Autonomous Net Income Increases 9.49% in June 2022 Quarter

Sales fall by 3.75% to Rs 272.12 crore JM Financial Credit Solutions‘ net profit increased by 9.49% to Rs 57.78 crore in the quarter ended June 2022 from Rs 52.77 crore in the previous quarter ended June 2021. Sales declined by 3.75% to Rs 272.12 crore during the quarter ended June 2022 […]

Credit risk

Global Credit Risk Management Platform Market Analysis with IBM, Oracle, SAP, SAS, Experian | Achieve good valuation as discussed in new report

” A2Z Market Research has published a new research report on the Global Credit Risk Management Platform Market covering the micro-level of competitor analysis and major business segments (2022-2027). The global Credit Risk Management Platform market report explores in-depth study on various segments like opportunity, size, development, innovation, sales and overall growth of key players. […]

Financial credit

Cornerstone Financial Credit Union Appoints Lumin Digital as Enhanced Digital Banking Partner

SAN RAMON, Calif., July 21, 2022 /PRNewswire/ — digital light today announced that Tennessee-based Cornerstone Financial Credit Union has signed a multi-year agreement for Lumin Digital’s cloud-based online and mobile digital banking platform. Lumin will support Cornerstone’s more than 45,000 members and $550 million of assets when the platform was launched in January 2023. A […]

Credit risk

BUNKER JOBS: Geoserve Energy Transport is looking for a Credit Risk Manager in Dubai

Geoserve Energy Transport recruits for the profile of Credit risk manager situated at dubai. Main responsibilities: Put in place/adjust if necessary a global risk management process for the organization, which includes an analysis of the financial impact on the company Assess, analyze and identify potential credit risks that affect various areas within the business, particularly […]

Credit line

End Min: CAF approved US$500 million credit line for Peru | News | ANDINA

approved a US$500 million contingent line of credit for fiscal sustainability and environmental issues in Peru. “It is based on what the public policy matrix is, to ensure fiscal sustainability and ensure the predictability of fiscal accounts,” he affirmed. The Cabinet member pointed out that this credit line has a second component which is related […]

Credit line

Fin Min: CAF approved $500m line of credit for Peru | News | ANDEAN

approved a US$500 million conditional line of credit for fiscal sustainability and environmental issues in Peru. “It is based on what the public policy matrix is, to ensure fiscal sustainability and ensure the predictability of fiscal accounts,” he said. The Cabinet member pointed out that this line of credit has a second component which is […]

Credit line

Centenary Bank obtains Sh100 billion line of credit from Proparco

Centenary Bank has received a 105 billion shillings line of credit and portfolio guarantees from Proparco in France, officials said. Proparco is a subsidiary of the French Development Agency (AFD) dedicated to private sector development. Talk to New Vision on July 18, Godfrey Byekwaso, chief financial officer of Centenary Bank, said the support will be […]

Credit risk

Credit Risk Management Software Market Size | Share | Trends | Growth | Scope | Outlook | Opportunities

Get a sample report Buy the full report New Jersey, United States,- The Global Credit Risk Management Software Market The study provides a comprehensive review of the market throughout the projection period. The study covers a variety of sections along with an analysis of events and factors that are likely to play an important role […]

Credit line

Uniper seeks to extend $2 billion state credit line

The Uniper logo is seen outside the company’s headquarters in Duesseldorf, Germany, July 8, 2022. REUTERS/Wolfgang Rattay Join now for FREE unlimited access to Reuters.com Register Uniper maximizes its €2 billion credit line Proposes to pass on costs, government involvement to stabilize business Ongoing talks with Germany and Finland Bailout decision could come this week […]

Credit risk

Credit Risk Scoring Software Market Futures Huge Business Opportunities by 2032

The growth of credit risk scoring software The market is supported by factors such as expansion of application portfolio, efforts of market players through innovation and geographical penetration, etc. The strategic links between players in the industry ecosystem make the market more dynamic. The credit risk scoring software market is expected to grow steadily over […]

Credit line

A2Z Smart Technologies extends existing line of credit with manufacturing partner Acromatis

TEL AVIV, ISRAEL /ACCESSWIRE/July 14, 2022/ A2Z Smart Technologies Corp. (NASDAQ: AZ) (TSXV: AZ), today announced the extension of its existing line of credit with Acromatis, a manufacturing partner for the company’s Cust2Mate smart carts. The expanded line of credit will enable the manufacture of an additional 5,000 of the company’s Gen 2.5 and Gen […]

Financial credit

The Los Angeles Rams to Host Training Camp Presented by UNIFY Financial Credit Union at UC Irvine July 29-August 10

July 30 for Back together Saturday and Subscriber Appreciation Day, fans will hear from Rams head coach Sean McVay and season ticket members and SSL holders in attendance will receive an exclusive Rams-themed license plate frame upon entry. Fans will also enjoy stage entertainment with Rams Cheerleaders, Rampage and a Rams legend. Jersey rally towels […]

Credit risk

PGGM and Alecta Sign €2.1 Billion Credit Risk Sharing Agreement with German Bank | New

PGGM and Alecta have entered into another credit risk sharing agreement with a financial institution. This time, the pair’s partner institution is the Landesbank Hessen-Thüringen Girozentrale (Helaba). The two retired investors took default risk on a €2.1 billion corporate loan portfolio initiated by Helaba. This is the first transaction under Helaba’s new credit risk sharing […]

Financial credit

TruMark Financial Credit Union supports United Way of Bucks County – theportonline

FAIRLESS HILLS – TruMark Financial has donated $7,500 to United Way of Bucks County as part of the credit union’s community outreach initiative, Concern for Community. TruMark Financial launched Concern for Community in response to the COVID-19 pandemic. Each month, the caisse selects different organizations to receive the resources needed by their clients. Eric Drab, […]

Financial credit

Dort Financial Credit Union Welcomes New Vice President of Lending | News for Fenton, Linden, Holly MI

Dort Financial Credit Union has announced the hiring of Sharon Lobo as Vice President of Lending. Lobo joined the credit union’s leadership team on May 31. In her new role, she will oversee all lending and member solutions activities. She will work alongside senior management to determine a multi-year strategy and focus on target markets […]

Credit risk

Geopolitical unrest leads to increased credit risk: Moody’s

“Geopolitics can disrupt economic, financial, institutional and political stability and can directly affect credit,” Kelvin Dalrymple, vice president and chief credit officer at Moody’s, said in a statement. Moody’s said credit risks were rising in several key areas due to increased fragmentation, including trade disruption, security coordination, cross-border financial issues, climate change policy and migration […]

Credit risk

Soaring Inflation Prompts USMCA Firms to Strengthen Customer Credit Risk Management, Atradius Survey Finds

As inflation soars higher, increasing pressure on their liquidity and borrowing power, USMCA companies are tightening credit risk management to protect their profitability in the coming months AMSTERDAM, July 6, 2022 /PRNewswire/ — The impact of the alarming spike in inflation on businesses, and the resulting need to take steps to protect their profitability and […]

Credit risk

Soaring Inflation Prompts USMCA Firms to Strengthen Customer Credit Risk Management, Atradius Survey Finds

As inflation soars higher, increasing pressure on their liquidity and borrowing power, USMCA companies are tightening credit risk management to protect their profitability in the coming months BALTIMORE , July 6, 2022 /CNW/ — The impact of the alarming spike in inflation on businesses, and the resulting need to take steps to protect their profitability […]

Credit line

A2A S p A: , new Sustainability-Linked credit line with ESG objectives

A2A, new Sustainability-Linked credit line with ESG objectives Initiative highlights progress towards goals 8, 3, 5, 1, 10 of the UN 2030 agenda Milano, 5e July 2022 – A2A signed a contract worth 410 million euros over 3 years Linked to sustainability Revolving credit facility, linked to the achievement of three social and governance objectives. […]

Credit line

BlockFi Secures $400M Line of Credit Amid Crypto Turmoil

By Elise Hansen (July 1, 2022, 4:23 p.m. EDT) — Cryptocurrency platform BlockFi said Friday it has reached an agreement for a $400 million revolving credit facility and potential acquisition by the FTX US cryptocurrency exchange, as the digital asset industry continues to feel the effects of the market downturn. The latest deal follows an […]

Credit line

BlockFi Secures $400M Line of Credit Amid Crypto Turmoil

By Elise Hansen (July 1, 2022, 4:23 p.m. EDT) — Cryptocurrency platform BlockFi said Friday it has reached an agreement for a $400 million revolving credit facility and potential acquisition by the FTX US cryptocurrency exchange, as the digital asset industry continues to feel the effects of the market downturn. The latest deal follows an […]

Financial credit

Arizona Federal changes name to Arizona Financial Credit Union

Arizona Federal Credit Union announced today that it is officially changing its name to Arizona Financial Credit Union, effective July 1, pursuant to its conversion from a federally chartered credit union to a state chartered credit union. As part of a state charter amendment, the credit union is required to drop the word “federal” from […]

Credit line

IFC announces $150 million line of credit, focused on African solar – pv magazine International

Egypt’s Elsewedy Electric, which has developed solar and storage projects on its continent, has secured a new financial package, according to International Finance Corp. July 1, 2022 max room A Daystar Power C&I solar installation in West Africa. Picture: Daystar Power International Finance Corp. (IFC) announced a loan of 150 million dollars to the Egyptian […]

Credit line

EIB and UniCredit Serbia launch €30 million Financial Impact Credit Line

BELGRADE (Serbia), June 30 (SeeNews) – The European Investment Bank (EIB) and UniCredit Bank Serbia have launched a 30 million euro ($31.2 million) line of credit aimed at promoting employment and socially inclusive entrepreneurship, the EIB announced on Thursday. The funding will enable UniCredit to on-lend to Serbian companies that are committed to improving the […]

Financial credit

Dort Financial Credit Union Welcomes New Vice President of Lending

By Gary Gould | on June 30, 2022 Sharon Lobo GREAT WHITE — Dort Financial Credit Union is pleased to announce the hiring of Sharon Lobo as Vice President of Lending. Lobo joined the credit union‘s leadership team on May 31. In his new role, Lobo will oversee all lending and member solutions […]

Financial credit

Partnership Financial Credit Union Ranked Among America’s Top Performing Credit Unions

PFCU Location in Des Plaines, IL We are honored to be one of America’s top performing credit unions, it’s a team effort at PFCU and we couldn’t be where we are today without the determination of our staff, our Board of Directors and our members. — Mary Ann Pusateri, CEO of PFCU MORTON GROVE, IL, […]

Credit risk

In-Depth Analysis of the Credit Risk Management Platform Market – Designer Women

“Credit Risk Management Platform Market” study by “marketreports.info» provides details on market dynamics affecting the Credit Risk Management Platform market, market scope, market segmentation, and overlays on major Credit Risk Management Platform market players , highlighting the favorable competitive landscape and trends that have prevailed over the years. This Credit Risk Management Platform report contains […]

Credit line

India and Cuba review bilateral relations and sign credit line agreement worth 100 million euros

Cuba and India held bilateral political consultations this Monday in Havana where the two delegations discussed ways to strengthen the partnership between the two countries. Saurabh Kumar, the Secretary (East) of the Union Foreign Ministry led the Indian delegation while Anayansi Camejo, the Deputy Foreign Minister led the Cuban delegation. The delegations discussed issues of […]

Credit line

Cidco Obtains ₹5,000 Line of Credit for Pmay Hsg Project | News from Navi Mumbai

NAVIGATION Mumbai: cidcoThe Navi Mumbai mega housing project under the Pradhan Mantri Awas Yojana (PMAY) has finally achieved financial close, with the planner securing the much needed line of credit (LOC) worth Rs 5,000 crore from National Bank of India (SBI). This will give a boost to the ongoing mass housing project comprising 1.12 lakh […]

Credit line

Sri Lanka to use $70m from Indian line of credit to import food

NNA | Updated: June 25, 2022 3:33 p.m. STI Colombo [Sri Lanka]Jun 25 (ANI): The Sri Lankan government has given approval to use an additional USD 70 million from the USD 1 billion line of credit (LoC) extended by India during the current crisis to import essential food items.Sri Lankan Trade Minister Nalin Fernando said […]

Credit line

Sri Lanka to use $70m from Indian line of credit to import food

The Sri Lankan government had given approval to use an additional $70 million from India’s $1 billion line of credit during the current crisis to import essential food items. Sri Lankan Trade Minister Nalin Fernando said this would come on top of the $180 million worth of food products already imported from India under the […]

Credit line

Eevia Health Plc secured an SEK 8 million line of credit for working capital purposes to fund continued growth

Eevia Health Plc(“Eevia” or “The Company”), has entered into an agreement whereby Excellity AB, Sweden will provide a line of credit for Eevia up to 8 million Swedish crownsgiving the Company greater working capital flexibility to fund its continued growth. The duration of the credit is until December 31, 2022. It is not secure. Interest […]

Credit line

Fintech firms seek six-month extension to comply with RBI credit line standards

Fintech companies will seek an extension of at least six months to comply with the latest mandate from the Reserve Bank of India, which prohibits non-bank wallets and prepaid cards from offering lines of credit on Fintech platforms. At a meeting hosted by the Digital Lenders […]

Credit risk

Credit Risk Assessment – The Hindu BusinessLine

In a recent statement, a Deputy Governor of the Reserve Bank of India said that the central bank is considering requiring banks to switch to the Expected Credit Loss (ECL) model for loan loss provisioning instead of the model. of incurred credit loss (ICL) currently in progress. followed. The ECL model is one of the […]

Credit risk

Integrating Climate Risk into Bank Credit Risk Management: Practical Considerations

According to a recent CDP report, while many banks have identified the effects of climate change on their operations, most have yet to measure the impact on their funding portfolios. This means that most banks are likely underestimating their exposure to climate-related risks. At the same time, banks also have huge opportunities to facilitate the […]

Financial credit

Smart Financial Credit Union Appoints LeAnn Kaczynski as Managing Director

HOUSTON, June 22, 2022 /PRNewswire/ — Smart Financial Credit Union announced the selection of LeAnn Kaczynski as the new Chief Executive Officer (CEO). The appointment was effective April 28, 2022following the retirement of the former CEO of Smart Financial Larry Seidl on March 31, 2022. LeAnn Kaczynski becomes the first woman to serve as CEO […]

Credit line

No line of credit on prepaid wallets: what it means for users and wallet companies

In a move that could affect several fintech players, the Reserve Bank of India on Tuesday non-bank prepaid instruments (IPP) requested issuers not to charge them with a line of credit, a predefined borrowing limit. The signal from India’s central bank seems to be that it wants to put an end to Buy-Now-Pay-Later (BNPL) wallets […]

Financial credit

CULA launches leasing program with UNIFY Financial Credit Union

Today’s credit unions have a unique opportunity to gain market share with vehicle leasing, while providing an economical alternative to their members who want or need a car in today’s market. CULA is proud to help UNIFY do just that. SAN DIEGO and ALLEN, TX (PRWEB) June 22, 2022 Credit Union Leasing of America […]

Credit line

Voyager Digital secures line of credit from Alameda and can send Three Arrows notice of default

Source: Adobe/pathdoc Voyager Digital Fundsowner of a crypto platform, today announced that it has entered into a multi-million line of credit agreement with Alameda Venturesbut also that they can issue a notice of default to the leading crypto hedge fund Capital of the Three Arrows (3AC) for failure to repay its loan. Alameda Ventures is […]

Financial credit

Smart Financial Credit Union Appoints LeAnn Kaczynski as Managing Director

“LeAnn has been instrumental in establishing Smart Financial as a financially sound credit union with a strong and engaged employee culture. LeAnn has always focused on what is best for the members and the communities we serve,” said Seidl. “I loved leading and being part of the incredible team at Smart Financial. Knowing LeAnn as […]

Credit risk

Credit Risk Management Platform Market Status and Future Growth Prospects to 2032

The growth of the credit risk management platform market is supported by factors such as expansion of application portfolio, efforts of market players through innovation and geographical penetration, etc. The strategic links between players in the industry ecosystem make the market more dynamic. The credit risk management platform market is expected to grow steadily […]

Credit risk

Here’s how to compare desktop data pricing for the credit risk product

The credit data landscape is more competitive than ever, with fintechs taking advantage of innovations such as Open Banking. Moreover, new unsecured loan options like BNPL even exceed the use of credit cards. But with credit bureaus charging organizations different prices for the same data, fintechs have a much greater need to understand how their […]

Credit provider

Credit provider sues Complaints Co. for ‘unlawful’ practice

By Joel Poultney (June 20, 2022, 5:20 p.m. BST) – A company providing consumer credit lines has sued a complaints management company for its alleged failure to properly investigate claims it filed, accusing the defendant of breached its regulatory obligations and unlawfully brought charges. SafetyNet Credit says in a recently released June 9 High Court […]