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Bank Tabungan Negara eyes 20% profit growth for 2017
Bank Tabungan Negara eyes 20% profit growth for 2017
A significant loan growth is expected to be one of the main drivers.
OCBC's net profit down 11% to US$2.4b in 2016
The rise in net allowances offset the strong wealth management fee income.
Global mobile wallet transactions to increase 32% to $1.35t in 2017
Nearly half of these transactions will be online payments for physical goods.
Vietnam Bank for Agriculture and Rural Development updates EMV network
Agribank now has improved security and fraud protection for its card services.
Cybersecurity stalls customer adoption of fintech services in Singapore
Only 4% of customers use new payment methods in Singapore.
Citi launches global competition for tech innovators to create solutions for the public sector
Interested companies can submit applications until March 6.
Bank BJB's profit up 19% to US$123m in FY16
Thanks to a 110bps increase in NIM.
Citi China gets go-ahead to act as a bond settlement agent in the China Interbank Bond Market
It's the first and only American bank to be granted such a license.
Bank of Singapore partners with Swiss bank Vontobel
Clients can now place their assets in Vontobel's Zurich booking centre.
National Australia Bank's earnings slip 1% in 1Q17
Blame it on the 5% increase in costs.
Maybank launches payroll processing software for SMEs
This is in partnership with Asian Business Software Solutions.
DBS to be hardest hit if Ezra Group goes into liquidation
DBS has the largest exposure to Ezra at US$452m.
Public Bank reports 7.5% loan growth in 2016
Domestic loan growth was at 7.2%.
Bank Rakyat Indonesia reports 2.1% NPL for 2016
Analysts think the bank can maintain this low NPL in 2017.
Krungsri's 11% loan growth in FY16 the highest in the industry
Will robust growth continue in 2017?
Bank of East Asia partners with IBM to launch iPortfolio Analyzer
It allows private banking clients to view their portfolios anywhere.
Citi launches app-based login solution for corporate clients
Clients no longer need a separate physical token.
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Cards & Payments
Compliance and legacy systems stall B2B payment shift
Retail drives digital payments as B2B adoption lags.
Commentary
Why high capital levels are a double-edged sword for Singapore banks