News

Chart of the Week: Thai banks ramp up lending to risky SMEs

SME loans accelerated to 7.2% in September 2018 from 2.4% in 2017.

Vietnam to put an end to cross-ownership at banks by 2020

The number of cases between direct share ownership between banks and enterprises fell to 4.

1MDB scandal fails to shake trust in Malaysian banks: survey

Banking is still the most trustworthy profession for Malaysians.

South Korea has no plans to issue a digital currency soon

The central bank said there is no immediate need to introduce such currency.

Singapore banks' loan growth to grind to a halt at 0.5% by end-2019

Mortgage loans and business-related loans are caving under pressure.

7 in 10 Hong Kongers believe fintechs are as trustworthy as banks: survey

However, 22% admit that the former are less trustworthy than old-guard lenders.

Korean major banks to cut working hours

The move comes after the country implemented a 40-hour work week.

Singapore mortgages slow sharply as sentiment sours

Home loan growth slowed to 1.9% in January-November 2018 from 4.2% in 2017.

Taiwanese banks' year-end loans receive boost from heated consumer spending

Housing loans rose for the 22nd straight month to $226.97b.

Smaller bonuses and fewer jobs await Chinese bankers

The equity rout and ongoing trade dispute dimmed employment prospects.

The Philippines beefs up bank branch network even as Asian peers trim down

Roughly 66.3% of towns and cities have banking presence in 2018.

WeChat and AliPay still no-go in Indonesia

Bank Cental Asia and CIMB Niaga are still completing the necessary documents.