News

South Korean banks' bad loans plunge to 10-year low in Q2

Loan delinquency ratio fell to 1.06% in June.

South Korean banks' bad loans plunge to 10-year low in Q2

Loan delinquency ratio fell to 1.06% in June.

Indonesia joins Vietnam in slamming non-compliant Chinese e-wallets

E-wallets need to first tie up with local banks before operating.

Philippine banks to roll out electronic fund transfer by end-November

The government aims to boost cashless transactions from 1% to 20% by 2020.

Banks rev up robo-advisory push in Singapore

OCBC is the latest to roll out such service.

China's ultra rich poised to boost Hong Kong wealth assets by 50% in 2023

HNWIs from the Mainland are edging out AuM from other APAC markets.

Chinese banks new loans crashes to $186b in August as credit crunch hits SMEs

Banks have been shunning riskier corporates over consumer loans.

Indonesia moves forward with plan to standardise QR code payments

The central bank has already finished the technical-heavy stage.

Chart of the Week: Have Thai banks' credit costs peaked?

Credit costs have been on a steep uptrend in the past four years.

Vietnamese banks step up bad loan disposal via auction

Agribank is planning to hold 12 auctions in September alone.

Malaysian banks' profit growth slow to 8.8% in Q2

This comes from double-digit growth of 11.8% in Q1.

Hong Kong banks struggle to plug tech talent shortage

Engineers and developers are all in short supply.

Australia's big banks move to preserve profitability in mortgage rate hike

It proves they remain able to retain pricing power despite intense scrutiny.

Can Vietnamese banks plug their massive capital shortage ahead of Basel II?

The banking system could face a $20b capital shortfall by 2020.

Steady mortgage lending boost South Korean bank loans to $491.76b in August

Residents have been turning to banks as property prices pick up.