News
Falling credit costs soften earnings blow on Thai banks
Net profit is expected to edge up 5% in Q2.
Falling credit costs soften earnings blow on Thai banks
Net profit is expected to edge up 5% in Q2.
Hong Kong banks to hike prime rates by end-June
Tighter liquidity from mega IPOs will leave lenders with no other option.
Australia intensifies oversight over fintech lending
Moody’s lauds the move as a welcome development to improve transparency.
Malaysian bank loan growth to hit 7% in 2018
However, policy uncertainty over new leadership may dampen sentiment.
Fed hike to boost interest income of Taiwanese banks
The country’s lenders own over $30b in US-denominated assets.
E-wallets to snap up 6% of Philippine payments by 2022
However, the country is still miles behind China and India.
Two in five Malaysians open to sharing bank data
However, privacy and security concerns still mar open banking adoption.
Robots could cut 10,000 Australian banking jobs over the next decade
The four major lenders slashed over 4,000 full-time roles in 2017.
Vietnam bank loans grew 6.16% in May
This represents a slightly faster expansion than the previous months.
US tightening buoys Hong Kong banks' profitability
Funding costs are expected to stay low, boosting NIMs.
Singapore and Hong Kong lead Asia's asset management charge
Their combined assets under management (AUM) hit $91.5b in 2017.
Vietnamese banks intensify capital raising activities as Basel II deadline looms
Lenders have been using retained earnings to lift CAR.
Chinese bank credit continues to build up despite deleveraging campaign
Sustained expansion in household debt pose risks to the sector’s stability.
New loans extended by Chinese banks hit $179.51 b in May
Credit continues to build up in the system despite deleveraging efforts.
Weekly Global News Wrap Up: Switzerland rejects sovereign money initiative; Credit Suisse culls senior investment banking jobs
And JPMorgan has been sued over a Mexican property transfer.
Chart of the Week: Bad loans in Malaysia inch up to 1.58% in April
The construction segment had the highest gross impaired loans at 6.96%.
Chinese fintech companies are tapping on Asia's unbanked
Indonesia and other Southeast Asian markets are the target markets.