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Forced sale of NPLs to AMC will push through

34 reads

Vietnam will compel banks to sell bad debt to new Asset Management Company. Read ››

Bank’s access to SDAs curbed by Philippine government

52 reads

Total cuts now more than 200 basis points since July 2012. Read ››

Here's how China banks fared in 1Q13

71 reads

Gap between big banks and JSBs narrowed. According to Barclays, the gap between big banks (BBs) and joint stock banks (JSBs) has narrowed – JSBs’ average profit growth decelerated to 13% y/y (vs 32% for 1Q12), barely in line with the BB’s average of 11% y/y (vs 15% for % 1Q12). Read ››

Fitch affirms ratings of four top Philippine banks

39 reads

Gives them a stable rating. Fitch Ratings affirmed the ratings of Banco de Oro Unibank Inc., Bank of the Philippine Islands, Development Bank of the Philippines and Land Bank of the Philippines. Read ››

What you need to know about the new HSBC Wealth Dashboard

116 reads

Cash, investment holdings displayed in real-time. HSBC recently launched the Wealth Dashboard, its enhanced Personal Internet Banking platform that consolidates each customer's entire wealth holdings – including cash deposits and investments – onto one single screen online, saving the time and effort to click on different accounts. Read ››

Aussie banks' earnings feared to slow in 2014

49 reads

Operating environment is likely to deteriorate. According to Fitch Ratings, aA build-up of domestic headwinds for Australian banks is likely to slow down their earnings growth slightly. Read ››

5 signs that ICBC will outperform in 2013

41 reads

It has defensive profitability and pricing power. According to Barclays, the first sign is that ICBC is demonstrating strong defensive profitability and pricing power. Read ››

CIMB intent on buying Philippine bank

65 reads

CIMB's acquiring a 60% stake in Bank of Commerce. CIMB Group Holdings Bhd said negotiations to take over Bank of Commerce are in the final stages and a decision should be made within a month. Read ››

Here's how Commonwealth Bank's business segments fared in 1Q13

44 reads

Guess which funds grew by 4%? Below is CBA's business commentary: Australia – Retail System home loan credit growth remained modest through the March quarter, with the Group growing slightly ahead of system. Read ››

Chinese banks should do more online business

45 reads

Ernst & Young also recommends they develop their intermediary business. Read ››

2 key negative catalysts for China banks

52 reads

Barclays believes these are well flagged. Following better-than-expected 1Q13 results, Barclays raised its earnings forecasts by 4.5%/3.6% for 2013/14 and increased its price targets by an average of 2%, leaving 11% potential upside for the sector. Read ››

Commonwealth Bank reports unaudited cash earnings of ~$1.9b in 1Q13

14 reads

Group liquids were at $130b. The Commonwealth Bank advised that its unaudited cash earnings for the three months ended 31 March 2013 (“the quarter”) were approximately $1.9 billion. Read ››

Fearless forecast: China banks' net profits and growth rates till 2015

43 reads

A single-digit growth looms for 2015. Barclays expects the banks could still record low-double-digit net profit growth of 10% y/y in 2014E, but the analyst also expects only single-digit growth in 2015.  Read ››

Philippine banking system deposits rise 10.7%

22 reads

Government says it highlights ability of banks to provide credit to the economy. Read ››

SMFG invests US$1.52 billion in Indonesian bank

44 reads

Will acquire a 40% stake in PT Bank Tabungan Pensiunan Nasional. Read ››

3 reasons behind Korean banks' improving foreign currency liquidity

55 reads

Moody's even expects further enhancements. Moody's Investors Service says that Korean banks have shown further improvements in their foreign currency funding profiles in the six months since its last publication on the sector in October 2012 and expects further enhancements. Read ››

This is what boosted China banks' April TSF of RMB 1.75t

31 reads

Find out what makes up 55% of the April TSF. Read ››

Aussie banks' liquid assets can now cover 60% of their wholesale funding liabilities

43 reads

They're now more resilient to liquidity shocks. Moody's Investors Service says that Australian banks continue to rely on wholesale markets and confidence-sensitive funding, a factor that weighs negatively on their credit profiles. Read ››

China pledges to forge ahead with banking reform

45 reads

Also promises increased flexibility in managing exchange and interest rates. Read ››

Standard Chartered records slowest revenue growth in 10 years

98 reads

Guess where the 5% drag on Group revenues came from? According to Barclays, the main source of disappointment in the Q1 IMS was that revenue growth was only marginal and that tight cost control and lower Wholesale impairments weren’t enough to prevent a YoY earnings decline. Read ››

Singapore banks' loan to deposit ratio boosted by robust loan growth

46 reads

All three of them hit the high 80s. According to CIMB, loan growth for DBS and UOB was above average, because of chunky loans. Read ››

Aussie banks urged to improve funding to meet Basel III requirements

50 reads

They're expected to lengthen their wholesale funding. According to Fitch Ratings, Australian banks need to continue to improve their funding mix to meet Basel III liquidity requirements, especially as the revised proposals from the Australian Prudential Regulation Authority (APRA) stick to the original implementation timetable and liquid asset definitions. Read ››

OCBC knocked off its top spot as the world's strongest bank

242 reads

Guess which bank topped Bloomberg's list? Accoring to a statement, Bloomberg Markets, the leading provider of Business, Financial and Economic news has released its 2012 ranking of the World’s Strongest Banks, in which QNB has ranked as Number 1. Read ››

Thai banks' NIM 'remarkably stable' at 3% for 4 years

43 reads

Loans were up 12.4%. According to Maybank Kim Eng, in 1Q13 Thai banks produced solid EPS growth of 15%. Read ››

Beware of these typical irregular trading activities of Class C accounts

33 reads

Regulatory tightening was already imposed in China. According to Barclays, local media recently reported that the regulators could rectify the “substitute holding” business and irregular Class C account trading activities in the interbank bond market and have already banned the opening of new class C account. Read ››

RHB and OSK complete merger

96 reads

RHB Holdings Hong Kong is now a member of the RHB Banking Group. Read ››

OCBC Money Insights users reach 60,000 in just two months

166 reads

See what makes it a hit among customers. OCBC Money Insights is available on both OCBC Bank’s internet banking service and its iPhone and iPad mobile banking applications. Read ››

Westpac reports record first-half profit

27 reads

First half profit to March 31 hits $3.3 billion. Westpac Banking Corporation, one of the Australian Big Four banks and the second-largest bank in New Zealand, said this figure was 11% higher than the previous corresponding period. Read ››

Philippines sues Maybank affiliate for tax evasion

123 reads

Philmay Property, Inc being sued for US$4.2 million in unpaid taxes. Read ››

Cut in CRR needed to benefit borrowers

70 reads

Refinancing pressure prevents borrowers from benefiting from government rate cuts. Read ››

Philippines increases MBO deposit limits by 63%

65 reads

Move intends to help promote financial inclusion in rural areas. Read ››

ANZ's profits jumped a measly 1% to US$3.04b

54 reads

Improved results due to cost cutting and better Asian business. Read ››

BOCHK's pre-provision profit up 3% to HK$6,991m

22 reads

Here are 3 key highlights. According to Barclays, BOCHK released a short trading statement on 1Q13 business performance, highlighting strong operating trends and its advantage in offshore RMB (CNH). Read ››

HK and Singapore banks fear losing key staff

296 reads

Nine in 10 banks and financial services firms also experience recruitment problems. Read ››

UOB's Singapore loan growth at risk of slipping from 10%

74 reads

To just mid-single digits. According to Nomura, their full-year net profit forecast of SGD2.69bn implies an average of SGD670mn per quarter. Read ››

Agricultural Bank of China hit by 15% rise in operating expenses in 1Q13

61 reads

Net profit was only RMB47b. According to Barclays, ABC reported 1Q13 net profit of RMB47bn, up 8% y/y, 2.3% lower than their forecast of RMB48.1bn. Read ››

OCBC's net profit down 16% to S$696m in 1Q13

98 reads

Blame it on lower trading gains. According to Barclays, OCBC reported 1Q13 net profit of S$696m, +5% q/q, -16% y/y, and 3% above their estimates. Read ››

Weak deposit growth hammers China’s banks

256 reads

Loans exceed deposits at a faster pace. China’s largest lender, the Industrial and Commercial Bank of China Ltd, and other banks are now paying more for savers' money and are being hit by falling margins. Read ››

Top 3 Chinese banks report double digit earnings growth

52 reads

Growth rate will keep slowing as margins ease, however. Industrial and Commercial Bank of China Ltd, China Construction Bank Corporation and Agricultural Bank of China Ltd, three of China’s big Four state-owned banks reported earnings analysts' expectations with fee and commission income counterbalancing weakening margins. Read ››

Vietnamese banks to decrease from 39 to 15 by 2017

97 reads

Find out what will cause the drop. Finance information service firm StoxPlus believes the number of Vietnamese banks could decrease from 39 to 13 or 15 by 2017. Read ››