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It captures various characteristics of bank credit such as occupation/activity and organisational sector of the borrower, type of account, and interest rates.
Pralay Mondal, senior group president - Retail and Business Banking, Yes Bank, said, 'Through our association with Samsung Pay, we are extending the latest technology and leading services in the payments industry to our YES BANK Credit Card members, and providing them a truly digitized banking experience.
Natural gas producer W&T Offshore (NYSE:WTI) revealed on Thursday that the borrowing base under its revolving bank credit facility has been reduced to USD150m with effect from 23 March 2016.
The Statistical Quarterly Bulletin issued by the Research and Statistics Department of the Central Bank of Oman (CBO) said that the personal loans sectorobtained RO7,333.9 million, 40 per cent of the total bank credit to commercial banks.
Muscat: The total bank credit by sectors at the commercial banks in the Sultanate during the first half of 2013 stood at OMR14.72 billion, compared to OMR13.67 billion during the same period in 2012, constituting a 7.6 per cent rise.
Jamal Al-Hazeem, Chief Executive Officer of BMI Bank said, "In line with our commitment to constantly enhance our products and services to better serve our customers financial needs, I am pleased to roll out our new facility that not only provides customers transferring in their outstanding on other bank credit cards with a ninety day reprieve from interest but also enables them to take advantage of one of the most competitive and rewarding credit card products that is currently available in the market.
Can it expand bank credit for business and industry?
(NYSE: CRK), an independent energy company based in Frisco, Texas, has reported that its bank credit facility borrowing base has been reaffirmed by its bank group at USD700m.
Overall bank credit in September 2011 reached AED998.4 billion, just under 2.0 percent up on AED979.2 billion a year earlier.
The non-food bank credit recorded an increase of 8.7 per cent on financial year basis till January 15, 2010 as per the latest available data.
Summary: French bank Credit Industriel and Commercial (CIC) raised its stake in Morocco's second-biggest private bank BMCE to 19.9 percent from 15.05 percent, the Moroccan bank said on Friday.
In recent years, their relative importance has diminished somewhat, as other financial intermediaries and direct market sources of funds have tended to substitute for bank credit. Nevertheless, commercial banks remain the major source of short- and intermediate-term business credit--and the dominant source of small business financing--and thus continue to have a key function in the financial system.
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