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PETALING JAYA: Alliance Financial Group Bhd (AFG) could see its loan growth ease in the coming quarters as consumers feel the effect from the various regulations to rein in household lending and rising costs, according to analysts.
Customers of Maybank affected by the recent floods can now defer payments on all instalments of consumer loans for six month regardless of case.
British entrepreneur Richard Branson, founder of the Virgin Group known for its airline and music stores, yesterday launched a US company that manages consumer loans between friends and family.
MILAN: General Electric Co, Royal Bank of Scotland Group Plc and Credit Agricole SA are seeking to sell about four billion euros (US$4.5bil) of non-performing Italian corporate and consumer loans, three people with knowledge of the matter said.
CIMB Equities Research expects property stocks may come under some knee-jerk selling pressure in the near term as Bank Negara Malaysia’s (BNM) move to curb consumer loans was not widely expected.
AmBank (M) Bhd forecasts a 3% to 4% growth in consumer loans this year, driven by a better outlook in the automobile sector this year.
Alphabet Inc’s Google is partnering with four Indian banks to grant consumer loans online, as the fight for a US$1tril (RM4.09tril) digital finance market intensifies.