Bloomberg PT Bank Mandiri, Indonesia’s largest bank by assets, will tackle rising bad loans as its top priority this year while setting a longer-term target to expand business abroad, said new Chief Executive Officer Kartika Wirjoatmodjo. Non-performing loans will peak at around 3.5 percent of total credit this year, up from last year’s 2.5 percent, Wirjoatmodjo said in an interview ...

Bloomberg U.K. mortgage approvals fell less than expected in February, a sign that demand for housing remained resilient before tax changes take effect in April. Banks advanced 73,871 loans, compared with 74,085 in January, which was the highest level in two years, the Bank of England said in London on Thursday. While this was the first fall in five months, ...

DUBAI / Reuters Kuwait Projects Co (KIPCO), the Gulf state’s largest investment company, expects revenue growth to pick up this year, helped by its core investments in banking, insurance, broadcasting and real estate, it said on March 30. Vice chairman Faisal al-Ayyar said in a statement the company expected revenues to rise by a high single-digit percentage in 2016. That ...