Tag: commercial bank branches

Why are banks reluctant to issue new loans?

Banking regulator, the Financial Services Authority of Thailand, said that banks have no choice but to continue with old loans in the face of a shrinking banking sector and a slowdown in the economy.

Banks have taken on more debt as the economy shrinks.

The FASA said that they are not sure whether banks will be able to meet the increased interest rates on old loans as the banking sector shrinks, especially with the economy contracting for the third straight quarter.

A report by the Financial Market Association (FMA), a group of leading financial institutions, said the number of new lending applications from banks in 2016 was 8.2 per cent higher than the previous year, which was the biggest growth rate in four years.

Bangkok-based KBS Commercial Bank, which is Thailand’s biggest lender, said it expects to see an increase in its total number of loans issued this year.

“Our lending operations are still growing at a healthy pace,” it said in a statement.

It said that the growth rate for this year was up 7.3 per cent compared with 2015.

According to the FASI, the economy contracted for the second consecutive quarter in August, dropping to 6.5 per cent.

Fed to lift $1.4 billion of emergency funding to boost credit rating agency

OHIO (AP) The Federal Reserve is lifting a $1 billion infusion to help the credit rating agencies and commercial banks that are battered by the worst economic downturn in decades to give them more money.

The central bank on Tuesday approved the $1 million in emergency cash to help stabilize the ratings agencies and banks that have seen their lending rates sharply cut amid the economic downturn.

The U.S. government and the Federal Deposit Insurance Corp. will provide $700 million each.

The money will help cushion the banks’ ability to lend to companies and businesses during the next financial crisis and help boost the economy in the months ahead, the Fed said in a statement.

It did not say when it would be used.

The $1,400 billion was the first cash infusion to support ratings agencies since President Donald Trump took office in January.

It is a far cry from the $700 billion that President Barack Obama provided last year, which helped stabilize the financial markets and help the economy recover.

The Fed said it would also provide another $200 million in funding to commercial banks.

They include JPMorgan Chase, Bank of America, Citigroup, U.K.-based Barclays and Royal Bank of Scotland.

The funds are part of the $3.3 trillion package of emergency emergency loans, which is being approved by the Federal Open Market Committee.

The Federal Open Bank also approved the package.

The U..

S.-based commercial banks also are struggling, with their credit ratings dropping to historic lows and their debt burden climbing.