Korea Development Bank extended 22 trillion won ($16.2 billion) in new loans over the past decade to firms with accounting violations, raising concerns over risk management at state-run lenders.
#YonhapInfomax #KoreaDevelopmentBank #AccountingViolations #NewLoans #IndustrialBankOfKorea #FinancialSupervisoryService #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
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Korea Development Bank Extends 22 Trillion Won in New Loans to Firms with Accounting Violations Over Past Decade

Korea Development Bank extended 22 trillion won ($16.2 billion) in new loans over the past decade to firms with accounting violations, raising concerns over risk management at state-run lenders.

Yonhap Infomax

#Switzerland's Sep PPI fell 0.1%, contrasting a 0.1% forecast, reflecting a cooling trend. #India's WPI inflation reached 1.84% YoY, falling short of 1.90%, showing price pressures easing. China's exports growth slowed to 2.4% YoY vs. 6% expected, and imports rose just 0.3%, below forecasts. Trade balance tightened to $81.71B as demand weakened. Meanwhile, #China's new loans surged to 1,590B, well above estimates, indicating credit growth momentum.

#PPI #WPI #Exports #NewLoans
#Imports

China's new loans in August surged to ¥900B, surpassing the consensus of ¥810B and significantly higher than the previous ¥260B. #China #Economy #NewLoans
China's new loans in July plunged to ¥260.0B, falling short of the ¥1,280.0B consensus and the previous ¥2,130.0B, signaling a steep decline in lending. #CNY #China #Economy #NewLoans
Key data of Chinese economy on Thursday
-- Profits of #China 's major industrial firms fell 21.4% year on year in Q1.
-- #China 's interbank treasury bond index in net price opened at 997.84 points Thursday #higher than the previous close of 997.28 points.
-- #China 's central bank said it has conducted 13.44 bln USD of 7-day #reverserepos at an interest rate of 2%.
-- #NewLoans to the manufacturing sector reached 317.75 bln USD from January to March, up by 381.9 billion yuan yearly.