EXUS Collections & Recovery Blog

NPLs in China: How is the government tackling bad debt?

Posted by Dimitris Vassiliadis on Thu, Jul 11, 2019 @ 12:31 PM

China boasts perhaps one of the most interesting (and certainly one of the largest) economies on the planet. The world’s largest exporter has maintained steady growth over the last 25 years, and whilst that economy might have slowed recently (due in no small part to an escalating trade war with the United States), by-and-large, China’s economy is still in a healthy place. 

Indeed, economists are predicting a growth of 6.3% throughout 2019. However, whilst still growth, it is the weakest seen on record since 1990. Analysts predict a further loss of momentum until policy support steps start to kick in.

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Facebank: How social media companies are getting into banking, and what banks can do about it

Posted by Marios Siappas on Thu, Jul 04, 2019 @ 10:11 AM

Yes, it’s actually happening. Facebook is throwing its sizeable 2.4 billion user-a-month hat into the cryptocurrency ring. 

The news was once little more than a rumour, lent weight by Mark Zuckerberg’s meeting with Bank of England governor Mark Carney back in April. However, it’s now been confirmed by the Financial Times that Facebook has hired former Standard Chartered lobbyist Ed Bowles to help prepare the runway for the launch of its global cryptocurrency.

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The retail banking and debt collections landscape in Thailand

Posted by Dimitris Vassiliadis on Thu, Jun 27, 2019 @ 11:37 AM

For decades, economic growth in Thailand has been driven and defined by tourism and exports. However, while tourism remains steady, the demand for exports has slowed. There is one other significant economic problem that refuses to abate - household debt.

Thai households are among the biggest borrowers in Southeast Asia, (itself a notoriously complicated region for debt collections) and they are finding it increasingly difficult to keep up with payments. An October 2018 survey by Bansomdej Poll in collaboration with the Foundation for Consumers (FFC)’s Chaladsue (Smart Buyer) magazine indicated that up to 77.5% of Bangkok residents - over 6 million people - are in debt. Even more shocking, however, is the fact that more than half (53%) of those who are in debt have fallen behind on repayments and are in danger of defaulting on their loans.

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Quick and clean deployment - How does EXUS do it?

Posted by Marios Siappas on Thu, Jun 20, 2019 @ 11:26 AM

With digital transformation constantly and consistently changing the way banks operate, the need for speed has never been greater. If you’re not fast enough, by the time you've installed a new system you're already behind again.

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The rise of retail banking in Vietnam is a good thing...if there’s a debt collections strategy to match

Posted by Dimitris Vassiliadis on Thu, Jun 13, 2019 @ 08:42 AM

Vietnamese society is changing shape rapidly. Generation Z now make up 25% of the country’s 15 million-strong workforce, and the figure is growing.

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Vision 2035: The bold plan to transform Kuwait - and what that means for banks

Posted by Dimitris Vassiliadis on Thu, Jun 06, 2019 @ 12:31 PM

For many years, the countries of the Gulf Cooperation Council have followed an oil-based development model. The black stuff has been, as LSE economist Sophie Olver-Ellis put it, the "elixir of life" for many of the region's economies.

This has been particularly true for Kuwait. Oil has transformed this small nation on the Arabian Peninsula from a prosperous trading port into an oil-exporting powerhouse with a highly developed, albeit non-diverse, economy.

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Southeast Asia’s banks are growing - but there’s danger ahead

Posted by Marios Siappas on Thu, May 23, 2019 @ 08:38 AM

Amid the cut-and-thrust of international banking, it’s hard to set a truly global benchmark for the world’s biggest banks. With the sheer diversity of local markets, it’s not always possible to compare apples with apples.

By one’s region’s standards - say, the well established Western Europe banking industry - the movements in a developing territory like Southeast Asia might seem small by comparison. But an educated observer would recognise the dynamism and potential present within Southeast Asia’s banking scene at the moment.

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