News

Total deposits in Hong Kong down 0.8% in February

Further decline was offset by high savings and time deposits.

Total deposits in Hong Kong down 0.8% in February

Further decline was offset by high savings and time deposits.

How can Thai banks cushion the cost impact from waived digital fees?

Fee waivers could cost the banking system as much as $288.45m in foregone revenue.

Scaling down: Australian banks are pulling out from Asia

CBA is tapping on advisors as it mulls the sale of its Indonesian life insurance business.

Should Japanese banks consider mergers to combat profit woes?

A shrinking population and negative interest rates are hitting banks right in the gut.

Singapore banks set to co-write guide for ethical use of AI

The guide, to be developed by MAS, is targeted for completion by the end of 2018.

Thai banks to waive digital transaction fees amidst heated e-wallet competition

However, the move is estimated to slash profits by up to 5%.

Indonesian banks' loans rose 8.2% in February

Banks are similarly targeting higher loan growth of 12% in 2018.

Philippine banks on alert following Malaysian cyberattack

The central bank cautioned local banks especially during the long holiday.

Singapore banks' loan growth hits 3-year high

Higher credit card and car loans pushed bank lending up.

Myanmar now lets foreign banks provide export financing services

Still, they are prohibited from providing basic retail transactions amidst the reform.

Is Islamic financing the future of Malaysian banks?

It grew 10.3% unlike conventional banks which rose marginally by 1.7% in 2017.

Indonesia imposes new capital surcharge for top lenders

Banks must deal with surcharge of 1% to 3.5% of risk weighted assets.