Latest news with #loans
Zawya
18 hours ago
- Business
- Zawya
Dubai Aerospace signs $300mln 3-year term loan
Dubai Aerospace Enterprise Ltd. has signed a $300 million three-year unsecured term loan with Bank of China (Dubai) Branch, Bank of China Limited, London Branch and Bank of China (Hong Kong) Limited. The aircraft lessor, which is fully owned by Investment Corporation of Dubai, will use the loan for general corporate purposes and future financing needs of the business. Firoz Tarapore, CEO of DAE, said the transaction with BOC 'provides us with additional liquidity to support our ongoing commitment to meeting the needs of our airline customers while maintaining a modern and efficient fleet'. In March 2024, DAE signed $420 million 5-year unsecured term loan with China Construction Bank (DIFC Branch) and China Construction Bank (Asia) Corporation Limited. As of March 31, 2025, the company had a total debt of $8 billion, of which 80% was unsecured. Net debt-to-equity ratio was 2.43x. (Writing by Brinda Darasha; editing by Seban Scaria)
Yahoo
21 hours ago
- Business
- Yahoo
PrimeWay Credit Union Launches New Debt Consolidation Program to Help Members Pay Off Debt Faster
PrimeWay Credit Union announces new debt consolidation loan program designed to help members combine multiple bills into one monthly payment with competitive rates starting at 8.99%. HOUSTON, TX / / June 2, 2025 / PrimeWay Federal Credit Union has launched a new debt consolidation program to help members combine all their debts into one simple monthly payment. Many people struggle with multiple debts and numerous bills each month. A study shows that most Americans have five or more credit cards and loans, making it challenging to keep up with payments and reduce overall debt. PrimeWay's new Debt Consolidation program allows members to consolidate various debts - including credit card debt, store card debt, and other loans - into one loan. This enables members to make only one payment each month. The rate starts at 8.99% for the first six months. After that, rates can be as low as 10.50% for up to 2 years, depending on credit score. "We saw that our members were drowning in debt and spending too much money on high interest," said Michelle Oshinski, from PrimeWay Credit Union. "Our new Debt Consolidation program helps fix this problem. It gives members one simple payment and could help them save money on interest and get out of debt much faster." PrimeWay educates members about financial literacy through their educational blog. Their website features articles about debt consolidation, saving money, and debt repayment strategies. Members can visit the PrimeWay blog to find tips and guides that explain how debt consolidation may help reduce interest payments and accelerate debt payoff. Members who participate in this Debt Consolidation program may receive several benefits. Managing finances becomes easier with just one debt payment. Members no longer need to track multiple payment due dates across various debts. They may pay less interest than they would on high-rate credit card debt. Additionally, members will have a clear timeline for when their debt will be completely paid off, helping them achieve improved financial stability. PrimeWay Federal Credit Union has served the greater Houston community since 1937, offering a range of financial products and services designed to meet the evolving needs of its membership base. For more information about PrimeWay Credit Union and its Debt Consolidation program, please visit APR = Annual Percentage Rate. Rates may change and depend on credit score. All loans must be approved. Media Contact Organization: PrimeWay Federal Credit UnionContact Person Name: Keith HuckabayWebsite: khuckabay@ 12811 Northwest Fwy, Houston, TX 77040City: HoustonState: TexasCountry: United States SOURCE: PrimeWay Federal Credit Union View the original press release on ACCESS Newswire Sign in to access your portfolio
Irish Times
3 days ago
- Business
- Irish Times
Irish home loans increase by €245 million in April
House purchasing loans increased by €245 million in April in line with a steady increase since May 2024, according to data released by the Central Bank. Its money and banking statistics show that on an annual basis, there was an increase in overall lending to households of €4 billion, or 3.9 per cent, in the 12 months to the end of April. This was mainly led by loans for house purchase, which increased by €3.4 billion, or 4 per cent. Similarly, consumer credit increased by €153 million, with annual flows worth €876 million in the year. Other forms of loans to households continued a downward trend, down €65 million on a monthly basis and €274 million annually. READ MORE Net lending to households was €333 million in April 2025, down from €625 million in the previous month, which the Central Bank said was 'mostly driven by loans for house purchase as well as the float in loans for consumption'. Over the month of April, household deposits recorded a net flow of more than €1.7 billion, which the Central Bank said was 'significantly higher' than the €409 million recorded in March. In annual terms, net household deposits increased by €9.7 billion, or 6.3 per cent, to reach almost €164 billion. Overnight deposits were €2.5 billion during the period, which the Central Bank said was 'significantly higher' than in the prior month. 'This represents the highest annual flow in the year so far after recording two successive slowdowns,' it said. Deposits from non-financial corporations (NFCs) turned positive last month, driven by medium and short-term loans, for a total positive flow of €381 million. Long-term loans, on the other hand, dropped €26 million in the month. In the first quarter of the year, the net asset value of Irish resident investment and money market funds decreased for the first time since Q3 2022, dropping to €4,945 billion. A €56 billion decrease in the net asset value from the final quarter in 2024 to the first three months of the year was due to 'significant negative revaluations, which were partially offset by transaction inflows', the Central Bank said. Equity firms dropped the most, down €49 billion, whereas other, mixed, hedge and real estate funds dropped less than €10 billion. Going against the trend, bond funds increased by €8 billion, and money market funds stayed static at the same level as the previous quarter.
Bloomberg
4 days ago
- Business
- Bloomberg
Bank Lending to Private Credit Funds Swells 145% in Five Years
Wall Street banks have emerged as the staunchest financial supporters of the $1.7 trillion private credit industry, with the volume of their loans to private debt funds soaring 145% over the past five years. US banks, typically in fierce competition with private credit firms, are enabling their rivals' boom. Bank exposure to both business development companies (BDCs) — which pool direct loans — and other types of private debt vehicles reached about $95 billion by the end of 2024, according to a Federal Reserve report published last week.
Bloomberg
5 days ago
- Business
- Bloomberg
India Bank Frauds Triple to $4.2 Billion as Credit Scams Swell
Sign up for the India Edition newsletter by Menaka Doshi – an insider's guide to the emerging economic powerhouse, and the billionaires and businesses behind its rise, delivered weekly. Bank frauds in India jumped threefold last year, with loans contributing to bulk of the cases, while discrepancies in digital payments declined.
