In Focus
How will China’s new rules on asset classification affect banks?
The new measures expand on classifying asset risks of banks.
How will China’s new rules on asset classification affect banks?
The new measures expand on classifying asset risks of banks.
Indian banks’ profits to stabilize; weak assets to persist for some
Weak assets are expected to make up 5.2% of gross loans for FY2023.
4 days ago
Central bank rate cuts could raise Philippine banks’ earnings by 2.6%
Every 100bp rate cut would free PHP106b of liquidity.
Bankers face sluggish hiring market, layoffs in Hong Kong
Industry insiders reveal how investment banks prioritize cost efficiency and productivity over hiring new employees.
1 in 5 of OCBC’s home, renovation, and car loans now green
The Singapore bank has extended over S$3.5b of green loans in two years and targets a 10% growth in 2023.
PH banks missing out on revenue from growing middle class market
Over 7 in 10 loans made by banks are extended to corporates– leaving 15 million SMEs and self-employed workers with little access to traditional finance.
Hong Kong banks reminded they may engage with virtual asset entities: central bank
There have been more comments from foreign firms on the difficulties of opening a bank account.
Australia, New Zealand’s banks face higher costs, weaker profits in H2 2023
Overall performance will be broadly similar to 2022, according to S&P Global Ratings
Filipinos spent over 4 million hours using e-wallets in 2022: study
The country’s growing population will push the active user base higher.
Revenue pressures to weigh on Chinese banks in 2023
Loan growth will remain tepid at 11%.
Did digital banks fail to disrupt?
Most became niche players, yet served their regulatory purpose, said McKinsey associate partner Hernán Gerson.
Banks lagging behind net zero energy goals
Only 7% of energy-related financing extended by banks between 2016 to 2022 went to green energy projects.
US banking fallout has little impact on APAC banks, but contagion risks linger
The evolving situation means that problems from secondary effects may rise in the near future.
How Asian banks can retain their cross-border dominance
The emergence of fintechs is whittling down their dominance.
Singapore's MAS: banking system sound amidst US bank failures
MAS said that its local banks have “insignificant exposures” to the failed banks.
UOB’s Jacquelyn Tan on triumphing over expectations, biases to succeed in the banking industry
Tan shares how she leads 7,000 people across the region and her thoughts on women in banking.
Banks offer flexiwork, mentor programmes to uplift women’s careers
This International Women’s Day, we spoke with Singapore’s big three banks on how they are helping close the gender gap in their workforces.
Commentary
Fuelling the future of finance with data streams