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ADB temporarily closes headquarters due to COVID-19
A visitor reportedly tested positive for the coronavirus.
ADB temporarily closes headquarters due to COVID-19
A visitor reportedly tested positive for the coronavirus.
Chart of the Week: Half of Korean banks' loan quality imperiled by prolonged COVID-19 outbreak
This could impact the broad service and manufacturing sectors that make up about 58% of loans.
Weekly Global News Wrap: Financial firms beef up COVID measures; Europe mulls relief for banks
And Goldman Sachs is ‘very open’ to acquisitions.
ASEAN lenders on the defense amidst oil volatility, COVID-19
Falling visibility is evident despite lower prices and stimulus measures.
Vietnam's e-commerce market to reach $17.3b in 2023
Total online spending doubled to $9.4b in 2019 from $3.9b in 2015.
Singapore card payments market to hit $158b in 2023
Credit cards took the lion’s share in market value at 60% in 2019.
COVID-19 spells slow loan growth, higher NPLs for Philippine banks
Credit growth will likely be down to 8-10% in 2020.
StanChart consortium unveils Hong Kong virtual bank Mox
It will launch Asia’s first numberless bank card when it launches later this year.
South Asians, SEA preferred repeat online loans in 2019
69% of Vietnamese had a single loan, but only 31% had repeat loans.
Asian Development Bank unveils new Singapore office
It comprises 12 specialists from ADB’s PSOD and Office of Public-Private Partnership.
Why you shouldn't miss ABF Retail Banking Forum 2020
Hear from the region’s top banking execs on how to stay ahead of changing industry trends.
Only 1 in 5 of APAC banks has an AML compliance strategy: study
Only 8% have an integrated system or specific executive to report these functions.
Malaysian banks' NPLs to rise as political turmoil adds to virus' impact
Asset quality problems may become permanent if disruptions persist.
Singapore banks' NIMs to degrade after US Fed surprise rate cut
DBS and UOB guided declines of 5-7bps.
Financial inclusion needs to be more than just about technology
Products need to be sustainable and scalable to meet the needs of the unbanked.
Malaysia's latest OPR cut needed to cushion COVID blow
The central bank slashed OPR to 2.5% amidst the virus’ global and domestic impacts.
Big three banks' wealth income expanded 18% in FY2019
Wealth made up 31% of OCBC and UOB’s total income.
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Why Philippine banks, insurers embrace hyper-personalized services
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Industry experts push for the rapid progress of unified customer data as a starting point.
Industry experts push for the rapid progress of unified customer data as a starting point.
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