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SINGAPORE: Home owners will have to fork out more for their fixed-rate mortgage payments after some banks here raised their fixed interest rates in anticipation of further rate hikes in the United States.
SME growth financing platform Validus announced that it has entered into an agreement to acquire CitiBusiness' loan portfolio in Singapore.
Validus, a Singapore-based lending platform for small and medium-sized enterprises, is acquiring CitiBusiness’ loan portfolio for an undisclosed amount to bolster its top-line revenue and customer base and expand its growing loan book. Nikhilesh Goel, co-founder and CEO of Validus, told TechCrunch that Validus expects to create synergies with the loan portfolio of CitiBusiness, Citi […]
The move is expected to double the Singapore-based firm's lending in the next year. . Read more at straitstimes.com.