News
Chart of the Week: Loan re-pricing boosts Singapore banks' interest income
The net interest income of DBS and UOB may rise 9.3% and 7.4%.
Chart of the Week: Loan re-pricing boosts Singapore banks' interest income
The net interest income of DBS and UOB may rise 9.3% and 7.4%.
Chinese megabanks extend profit decline as credit boom fades
Shanghai- and Shenzhen-listed banks are likely to see 6.7% increase in profit.
Indonesian banks' bad loan ratio down to 2.4% in 2018
The decline comes in spite of recent domestic rate hikes.
Vietnam drafts rules urging lenders to settle bad loans before dividend payouts
The rules will apply to credit institutions and not to state-owned commercial banks.
67% of APAC ultra-wealthy investors still seek human advisors
A study suggested that over-digitalisation could alienate investors.
Bank-backed asset securities in China hit $131.12b in 2018
Almost 30 banks have unveiled plans to set up WM units following clearer policies.
Japan boosts money laundering defences
MUFG Bank and Mizuho Bank will halt international cash remittances from June.
Hong Kong consumers more willing to share data than UK and Germany: survey
Consumers are willing to share income, location, lifestyle habit data in exchange for tailored offers.
Delayed accounting rules bring reprieve to debt-ridden Indian banks
State banks would have to raise $16b in provisions in Q1 if the rules kicked into effect.
Chinese banks suffer heavy losses as delinquencies hit $17.88b in January
The energy sector saw the most defaults of $6.94b.
Hong Kong credit card balances up 5% to $17.33b in Q4
The balances of Generation Z customers skyrocketed 89%.
Chinese banks raise record-high $48b in Q1 to plug capital crunch
Banks have been allowed to issue perpetual bonds to improve solvency ratios.
Vietnam puts pressure on remaining 14 banks to list before 2020
17 of the 31 banks have already registered for trading.
Singapore slapped $12.47m in penalties in last 18 months
Enforcement actions include 19 prohibition orders and $698,000 in civil penalties.
Philippine customers trust banks more than government with their data: survey
Around 42% trust banks the most compared to 21% who trust the government.
Asian wealthtech firms snap up 15.5% of investment in 2014-2018
They still fall flat of Europe and North America’s dominance.
Banks struggle with millenials' use of messaging apps
2 in 5 APAC millennials contact their RMs through chat application in Q2 2018.