Retail Banking
Thailand's central bank maintains policy rate at 1.25%
It will likely remain on hold in 2020, although a 25bp cut remains probable.
Thailand's central bank maintains policy rate at 1.25%
It will likely remain on hold in 2020, although a 25bp cut remains probable.
Chinese banks' asset performance deteriorates
Asset and loan growth slipped to 8.9% and 12.8% YoY in September, respectively.
Chart of the Week: Wealth and retail drive 60% of Singapore banks' fee income
DBS and OCBC’s private wealth AUM grew 15% CAGR in the past 6 years.
Weekly Global News Wrap: Saudi's biggest bank scraps $200b lender; Goldman Sachs to support green projects
And the PNC-Venmo fight highlights issue over who owns customers’ banking data.
Weak regulations heighten risks for Cambodian banks
The banking system is just one point shy of being amongst the highest-risk systems worldwide.
Economic risks of Indonesian banks decline as per capita income rises
Robust profitability and high capital retention keeps the sector well-capitalised.
Deutsche Bank appoints new Japan head of global transaction banking
Rei Motoyama will replace Peter Massion effective 1 January.
Indian asset risks rise amidst NBFC funding stresses
The economy has grown dependent on non-bank lenders.
Chinese financial firms' asset quality under duress amidst sluggish credit growth
Credit pressure variations affect small banks, distressed asset management and leasing firms.
Jardine Cycle & Carriage to sell shares in Bank Permata for $1.53b
Proceeds will be used for investment purposes.
Singapore banks to record flat EPS growth in 2020
Any revenue expansion will be offset by increases in credit costs.
South Korean banks stay ahead despite digital surge: report
Fintech companies will stay focused on money transfers and other simple transaction services.
Australian banks asset quality still strong despite surging mortgage arrears
Capital ratios of major banks rose ahead of higher capital requirements by 1 January.
APAC banks to face rising bad loans, shrinking margins in 2020: Moody's
Rising credit provisions amidst falling interest rates will add pressure to banks’ profits.
Weekly Global News Wrap: Morgan Stanley cuts 2% of its workforce; Saga floats virtual currency
And Swedbank overhauls top management after a money laundering scandal.
Hang Seng Bank names Yeo Chee Leong as new chief risk officer
He previously served as head of wholesale credit and market risk for two years.
Malaysian SMEs complete UOB-backed digitisation programme
It is expected to improve their productivity by up to 30%.