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If you are involved in the P2P Lending industry or intend to be, then this study will provide you comprehensive outlook.
On the other hand, a total of 2,783 lending companies have obtained the required certificate of authority from the SEC to engage in the business.
Any person who shall engage in the business of lending without a validly subsisting authority to operate from the SEC may face a fine ranging from P10,000 to P50,000 or imprisonment of six months to 10 years or both, under Section 12 of the Lending Company Regulation Act.
DrawBridge Lending will launch a Beta program in November to select clients who will pledge Bitcoin as collateral and receive simple-interest, short-term renewable loans.
Its move to link SME lending, remittances and branchless banking is perhaps the sort of innovation that the financial sector has needed.
Further development of rural market benefits non-card lending
"We researched many different LOS options, looking for a solution that supported our vision of being a lending organization and making it easy for our members to do business with us," noted Dan Engelhard, chief lending officer at Mazuma Credit Union adopting the LOS.
Yesterday's decline was an improvement on the previous quarter, when SME lending by banks and building societies participating in FLS fell PS435m.
In the aggregate, small business lending has increased in every quarter since the banks received SBLF funds.
The new lending commitment means the group will grow its lending to SMEs by PS1bn on a net basis in 2014.
Reuters -- The UAE stock market regulator has introduced new margin lending rules and vowed to crack down on unlicensed lending, it said in a statement on its website.
To try to address this claimed lack of lending, the 81% government-owned Royal Bank of Scotland has launched ( an independent review of its lending practices.
Banks and building societies participating in the Funding for Lending Scheme (FLS) shrunk net lending by PS300 million in the first quarter of the year, although the pace of lending decline eased from three months earlier.
The Bank of England said net lending in the quarter to December 31 fell by PS2.4 billion on the previous quarter, despite participants of the Bank of England's Funding for Lending (FLS) scheme drawing down another PS9.5 billion over the period.