The Bank of Japan’s decision to let long-term rates rise more has not sparked a boom in revenue from lending as the central bank has yet to end its policy of negative interest rates, the head of the country’s third-largest lender said. | Reuters
“Frankly, it has had very little impact because it is not an ending of negative interest rates,” Kihara said. “If we see an end to negative rates, then of course the spread between deposits and loans will widen and that’s absolutely positive. But that’s not what’s happening now.”
Still, Mizuho remains cautious when it comes to bonds, he said, adding it will be “looking at what to do next”. It has already invested in Vietnamese payment app M-Service and Philippine digital bank Tonik Financial.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
As cash fades, Denmark marks first year with no bank heistsDenmark has recorded its first year without bank robberies, as the use of cold hard cash has dwindled in recent years, the country’s finance workers union said.
Read more »
BPI customers get surprise deductions due to glitch“I lost money and some of my colleagues lost money too. Complaints are all over their Facebook page. Check yours ASAP and file a complaint to your branch,” said Joyce Lipa in her now viral Facebook post.
Read more »
Bank lending sustained double-digit growth momentum in NovemberLending activities of the largest banks in the Philippines grew by 13.7 percent in November 2022 compared to the same month of 2021. Bangko Sentral ng Pilipinas (BSP) data show that this was
Read more »
Netizens complain of BPI 'debit memo' but bank assures accounts 'safe, secure'NETIZENS are up in arms with the Bank of the Philippine Islands (BPI) on Wednesday after they had reported big drops in their accounts based on their transaction records although...
Read more »
Japan’s central bank governor pressure firms for higher payTOKYO -Japanese Prime Minister Fumio Kishida urged companies on Wednesday to achieve wage hikes that exceed the rate of inflation as part of the country&039;s efforts to put the economy on a
Read more »
Bank lending up 13.7%, money supply at P15.6 TBig banks’ outstanding loans grew slower at 13.7 percent in November compared to 13.9 percent growth in October, according to the Bangko Sentral ng Pilipinas (BSP).
Read more »