Latest News for: Unsecured credits

Edit

The nano-isation of microfinance loans

Dawn 05 Jun 2023
For example, Mobilink Microfinance Bank (MMBL), the largest player by active borrowers, increased unsecured loans to 2.57m in Q1-2023 ... With respect to nano credit specifically (instead of unsecured outstanding values), TMB’s annual report notes they disbursed 1.5m loans worth Rs4bn, which is an average of just Rs2,667.
Edit

Kotak Bank's unsecured loans to be available to all borrowers

The Times of India 02 Jun 2023
Kotak Mahindra Bank is joining a swelling list of blue-chip private-sector lenders allowing non-customers access to unsecured loans, underscoring India's booming credit culture that is rapidly maturing in line with growing lender confidence in their underwriting skills.
Edit

S&P Global affirms RIL's ‘BBB+’ rating on resilient operational performance

The Times of India 01 Jun 2023
S&P Global has affirmed its rating of oil-to-telecom conglomerate Reliance Industries, betting on the company's resilient operating performance for the next two years. The long-term issuer credit rating has been affirmed at BBB+. The issue rating on the company's senior unsecured debt has also been affirmed ... .
Edit

Camden Property Trust Retires $185.2 Million of Secured Variable Rate Debt

The Galveston Daily News 31 May 2023
Camden Property Trust (NYSE.CPT) (the “Company”) announced today that it utilized its unsecured revolving credit facility to retire approximately $185.2 million of secured variable rate debt with a current weighted average interest rate of approximately 7.1% ... As of May 31, 2023, 91.3% of the Company’s debt is now unsecured ... kAmz.> r2==292?k^Am.
Edit

Frontline offloads suezmax for $44.5m

Splash24/7 31 May 2023
The expected net cash proceeds from the refinancing and from the sale of Front Njord should be used to partially repay Frontline’s $275m senior unsecured revolving credit ... .
Edit

Advance Auto Parts Reports First Quarter 2023 Results

The Joplin Globe 31 May 2023
Loss on early redemptions of senior unsecured notes ... Loss on early redemptions of senior unsecured notes ... Borrowings under credit facilities ... Payments on credit facilities ... Borrowings on senior unsecured notes ... Payments on senior unsecured notes ... The company's credit rating directly ...
Edit

Nordstrom Reports First Quarter 2023 Earnings

Victoria Advocate 31 May 2023
Credit card revenues, net ... This metric is calculated in accordance with the updates in our Revolver covenant and is a key component in assessing whether our revolving credit facility is secured or unsecured, as well as our ability to make dividend payments and share repurchases.
Edit

3 ways to pay for your summer vacation

The Mercury News 30 May 2023
Credit cards, ‘buy now, pay later’ and vacation loans ... A travel loan, or an unsecured personal loan from a bank, an online lender or a credit union, is another option ... More From NerdWallet How Do 0% APR Credit Cards Work? 7 Things to Know Before You Apply What Is Buy Now, Pay Later? What Is an Unsecured Personal Loan?.
Edit

£7 Million Committed Credit Facility

Pharmiweb 30 May 2023
The credit facility is unsecured and has no financial covenants save for a customary negative pledge around future indebtedness and restriction on dividends, while it remains outstanding.  Any drawn balances under the facility will attract a fixed interest rate of 10 per cent.
Edit

Heineken to Buy Back EUR330 Mln of its Shares in Femsa Equity Offer

Market Watch 30 May 2023
The Dutch brewer said that of Femsa's total offering of around 3.3 billion euros ($3.53 billion) it will purchase 10%, funded from existing cash resources and committed credit facilities.
Edit

What next for Bank Nifty after hitting fresh all-time high today? Credit growth may fall, deposits to improve

Financial Express 30 May 2023
There has been a strong credit demand because of higher capex, robust working capital needs and growth in unsecured pockets, said analysts at LKP Research. “The credit and GDP growth stood higher than the M3 growth which signals strong consumer confidence ... Therefore, we are estimating a system-level credit growth of ~13% for FY24E,” analysts added.
Edit

If banks are into window dressing, RBI should act

Business Line 29 May 2023
Reopening of the economy and the surge in consumption as the pandemic ebbed increased demand for credit ... Also, segments such as unsecured personal loans, credit card loans and MSME loans which are more vulnerable, registered a higher credit growth compared to other categories since the pandemic.
Edit

Editorial. If banks are into window dressing, RBI should act

Business Line 29 May 2023
Reopening of the economy and the surge in consumption as the pandemic ebbed increased demand for credit ... Also, segments such as unsecured personal loans, credit card loans and MSME loans which are more vulnerable, registered a higher credit growth compared to other categories since the pandemic.
Edit

If that summer vacation’s worth going into debt, here are 3 finance options

Arkansas Democrat-Gazette 29 May 2023
Though it's best to pay in cash for nonessential travel, there are financing options available, including credit cards, "buy now, pay later" plans and vacation loans ... CREDIT CARDS, ‘BUY NOW, PAY LATER’ AND VACATION LOANS ... A travel loan, or an unsecured personal loan from a bank, an online lender or a credit union, is another option.
Edit

Three ways to pay for your summer vacation

Traverse City Record-Eagle 28 May 2023
Though it’s best to pay in cash for nonessential travel, there are financing options available, including credit cards, “buy now, pay later” plans and vacation loans ... A travel loan, or an unsecured personal loan from a bank, an online lender or a credit union, is another option.

Most Viewed

FILE - Saudi Aramco engineers walk in front of a gas turbine generator at Khurais oil field during a tour for journalists, 150 kilometers east-northeast of Riyadh, Saudi Arabia on June 28, 2021.
AP / Amr Nabil, File
×