February 0.51%, highest in 4 years and 9 months
Savings banks are also growing rapidly, exceeding 6.5%.
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The delinquency rate of domestic banks has risen to the highest level in 4 years and 9 months. This is because the delinquency rate of SMEs, which were identified as ‘weak links’, has risen significantly as the high interest rate trend has not been broken.
According to the Financial Supervision Service on the 24th, the delinquency rate of loans obtained by domestic banks in February this year was 0.51%, up 0.06 percentage points from the previous month. This is the highest since May 2019 (0.51%). The reason why the delinquency rate rose significantly in February this year is because new delinquent bonds worth 2.9 trillion won were created. The new arrears, which were less than 2 trillion won a year ago, have now increased to almost 3 trillion won. Banks began to control delinquency rates by liquidating 1.3 trillion worth of bonds won in February, but it was not enough to offset the sharp increase in new delinquencies.
The increase in delinquency rates for corporate loans was evident. The corporate loan delinquency rate (0.59%) in February rose by 0.09 percentage points compared to the previous month,
It Is Not A Cause For Concern: Bankers…
In contrast to previous elections, the current electoral process does not represent a risk for the volatility of the peso, bankers assured.
Within the framework of the 87 Banking Conventionin Acapulco, representatives of the national bank ruled out that the stability of the peso is a cause for concern derived from the elections.
“The issue of the election in Mexico is not a cause for concern that could have an impact on volatility and we are even seeing it in the strength of the peso.
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Generally every six years when the electoral process takes place there is more volatility in the exchange rate, which is like the guarantee that reflects that concern, and today there is none,” said the vice president of the Association of Banks of Mexico ABM), Raúl Martínez-Ostos.
banking in #Acapulco was the first sector to detonate support actions for those affected by the hurricane #Otissays the president of the @AsocBancosMxJulio Carranza.
📹 @Mrcherry_tree pic.twitter.com/PdPMW9Qj2R
— @diario24horas (@diario24horas) April 18, 2024
Remembering that this is an election year in both Mexico and the United States,
Revolutionizing Luxury: Mercedes Introduces The 2025 Electric G-Class…
Mercedes Unveils the 2025 Electric G-Class
Mercedes recently revealed its latest electric vehicle, the 2025 G-Class, dubbed the “G580 with EQ technology,” in Beverly Hills, CA. This new electric off-roader promises impressive performance and features that set it apart from its predecessors.
From Concept to Production
Initially showcased as the “EQG” concept at IAA in 2021, the electric G-Class has now transitioned into production with a more straightforward name. The unveiling event in Beverly Hills provided a closer look at the upcoming electric vehicle and its capabilities.
Powerful Off-Roading Performance
The electric G-Class boasts 4 independent electric motors that deliver a combined output of 579hp and 879 lb-ft of torque. Each motor is equipped with a 2-speed transmission, including a low-gear mode for off-roading. Additionally, the car’s ability to distribute torque to individual wheels enhances its off-road capabilities, surpassing traditional locking differentials.
Unique Maneuvering Features
With 4 wheel motors, the G580 can perform the G-Turn maneuver, allowing it to rotate on the spot by spinning the wheels in opposite directions. While this feature adds a playful element, the G-Class also offers a G-steering feature for tight turns, utilizing torque vectoring technology.
Off-Road Prowess
The G580 can tackle steep inclines of up to 100% (45º) and navigate lateral slopes of up to 35º.
Coffee Resistant To Pests And Chemicals: How To…
Agroindustry VIDEO | Coffee resistant to pests and chemicals: how to produce it with technology and sustainable cultivation
In this new Guatemala No Se Detiene program, we investigate how national coffee should be produced through sustainable agricultural practices and high-level technologies, to increase its exports and avoid the migration of producers.
Businessmen and coffee producers spoke about the importance of using technology in the cultivation of this grain
Why should you, who enjoy a cup of coffee, be interested in how it was grown in order to reach your palate? In this new broadcast, in addition to knowing other surprising details about this grain, we will go in-depth about the sustainable practices at the time of its cultivation, which seek to reduce the use of harmful chemicals and its exposure to pests.
In summary, we will see the importance of producing our coffee so that it is more resistant and with this export more and better cared for beans, through the voice of experts, authorities and businessmen from the Guatemalan coffee sector.
Join us in Guatemala No Se Detiene every Monday at 10:15 p.m. on Guatevisión and its repetition on Tuesdays at 3 p.m.
Online Stock Market: Stock Market Information, Economy, Finance,…
(CercleFinance.com) – Christian Dior indicates that its general meeting, meeting on Thursday April 18, approved a dividend of 13 euros per share for the 2023 financial year, including the interim payment of 5.50 euros per share already around December 6, 2023.
The parent company of LVMH adds that the balance of this dividend, which therefore amounts to 7.50 euros per share, will be paid on Thursday, April 25, this Monday, April 22 being the last day of dividend trading.
As a reminder, Christian Dior announced last week, sales of 20.7 billion euros for the first quarter of 2024, organic growth of 3% “despite a geopolitical and economic context which remains uncertain”.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
Criticism Of The Federal Treasury Because Smartphones And…
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Entry Of Low Cost Trams Will Accelerate Depreciation…
#Entry #cost #trams #accelerate #depreciation #market
In an interview with JE, the general director of Standvirtual, Nuno Castel-Branco, considers that competition between builders and the technological development of trams will destabilize the market in the near future, with a relevant impact on used vehicles.
Tesla, the leader in the electric vehicle market, is planning to produce a low-cost model, in a move that will be followed by car manufacturers such as Stellantis and Volkswagen, in an attempt to expand the market. Chinese competition, with lower prices, also requires a response.
The effects of competition, however, will not only be felt in the sale of new cars, but also in the used car market, where the entry of new electric cars with more competitive prices will force a “forced depreciation”, according to the general director from Standvirtual, Nuno Castel-Branco.
In addition to the reduction in the price of new vehicles, technological development in electric vehicles is added, which is also a factor in price pressure in the used market.
“We anticipate, as has been seen in other technologies, that autonomy will increase. There is talk of the option of solid batteries that will probably reduce the size or automatically increase the ranges by double and start to bring them closer to a thousand kilometers”,
Amazon, Fined 10 Million By The Antitrust: Induces…
MILANO – Ten million fine for having set the pre-selection of the periodic purchase on its platform, for many products present on e-commerce, limiting the freedom of consumers.
Here is the important sanction that the Competition and Market Authority has imposed “jointly and severally on two companies of the Amazon group, the Luxembourg companies Amazon Services Europe S.à rl and Amazon EU S.à rl”, we read in a Note.
The Antitrust, he explains, has ascertained that Amazon implements an unfair commercial practice consisting in the pre-selection of periodic purchases for a wide selection of products offered on its site. “In particular, on the web page where the characteristics of the selected item are described, the option “purchase periodic” rather than “single purchase”, is for products sold by Amazon and for products sold by third parties on marketplace.In this way, consumers’ freedom of choice is considerably limited. The graphic pre-tick of the recurring purchase induces you to periodically buy a product – even without actual need – thus limiting your choice”.
According to the Antitrust then, this conduct is “in contrast with the canon of professional diligence because an operator of the importance of Amazon would be required to build online interfaces relating to purchasing processes,
Blackrock Analyst Recommends This Simple Investment
Nicolas Werbach is Director of Portfolio Management at Blackrock. Getty Images/Blackrock
According to Nicolas Werbach from Blackrock, bonds offer attractive interest income and can be a stable investment alternative to stocks.
Bond ETFs offer an easy way to invest in bonds in a diversified manner, especially for young investors, as Werbach tells Business Insider in an interview.
According to the Hamburg consumer advice center, there are certain risks that investors should be aware of.
Bonds are often overshadowed by the stock markets for young investors. But: They offer advantages that should not be overlooked. That’s what Nicolas Werbach, director of portfolio analysis at asset giant Blackrock, thinks.
In an interview with Business Insider, the banker explains why bonds can be an attractive investment alternative. However, as with many asset classes, they are n ot offered without certain risks.
So is the investment worth it? Here is the answer.
How do bonds work?