News

Big Hong Kong banks lock mortgage rates amidst Fed hike worries

HSBC and BOC locked their rates at 1.68% which is lower than the industry standard of 2.15%.

Big Hong Kong banks lock mortgage rates amidst Fed hike worries

HSBC and BOC locked their rates at 1.68% which is lower than the industry standard of 2.15%.

APAC fintech market to reach US$72b by 2020

Increasing use of digital payments will fuel the growth.

India discovers $3.6b of banks' hidden bad loans: Bloomberg

This amplifies concerns about underreporting and distress in the financial sector.

China banks to benefit from debt to equity swaps

They expect improvement in overall asset quality with bad loans resolution.

Foreign Indian banks are more transparent than local peers

Their transparency compliance came close to perfect at 99% in 2017.

2 in 5 banks likely to pursue joint ventures to boost digitisation efforts

This will result in greater industry collaboration between banks and e-commerce players.

Are Singapore's big banks out of the slump?

Higher interest rates and rising wealth to push double-digit profit growth.

Malaysian banks to recover loan growth to 5% in 2018

This is on the back of a low base loan growth of 2.8% in 2017.

Australia's cooling housing market to bite banks' profits

Residential mortgages account for more than 60% of banks' overall loan portfolio.

Basel III contractual PONV securities will still dominate APAC banks

How loss absorption will occur in practice remains to be seen.

Vietnam banks to benefit from resolving legacy problem assets progress

The disposal of problem assets improves banks' asset quality.