The competition to gain a larger share in the consumer finance market is heating up as rising capital demand before Lunar New Year is an opportunity for both banks and finance companies to boost the business segment.
Ten commercial banks will have to sprint to be able to meet the Government’s listing deadline on the Unlisted Public Company Market (UPCoM) by the end of this year.
After pushing long-term rates to a two-year high of 8.38 per cent, some
commercial banks continue to raise short-term deposits to the 5.5 per
cent cap.
