Public sector banks are seeing their loan book growing across all major segments agriculture, retail, MSMEs, personal loans except corporates and large businesses. On average PSBs have seen a growth anywhere between 7-13% since the pandemic.
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NEW YORK, NY / ACCESSWIRE / January 19, 2021 / Focus Financial Partners Inc. (NASDAQ:FOCS) ( Focus ), a leading partnership of independent, fiduciary wealth management firms, announced today that it is launching a transaction to increase the size of its First Lien Term Loan ( Term Loan ) by $375 million. Focus expects to close this transaction in January 2021 and use the proceeds to repay outstanding borrowings under its $650 million First Lien Revolver ( Revolver ). There will be no change to the existing terms of the Revolver as a result of this reduction in borrowings. As of December 31, 2020, the balances outstanding under Focus Term Loan and Revolver were approximately $1.13 billion and $380 million, respectively.
DJ Net Asset Value (s) M&G Credit Income Investment Trust plc (MGCI) Net Asset Value (s) 19-Jan-2021 / 17:28 GMT/BST Dissemination of a Regulatory Announcement that contains inside information
Eurozone Banks Tighten Credit Standards In Q4: ECB Survey
BRUSSELS (dpa-AFX) - Eurozone banks tightened lending conditions across all loan categories in the fourth quarter, the January Bank Lending Survey from the European Central Bank showed Tuesday.
The banks credit standards for loans to enterprises, loans to households for house purchases and consumer credit were tightened in the fourth quarter.
The lenders cited the deterioration of the general economic outlook, increased credit risk of borrowers as well as a lower risk tolerance as relevant factors for the tightening.
In the first quarter of 2021, banks expect credit standards to continue to tighten for loans to firms and households.