News

25 Jun 18
Lenders may not be willing to take risks with little return guarantees.
25 Jun 18
The Indonesian rupiah has plunged to a three-year low.
25 Jun 18
The move releases around $108b in fresh liquidity into the system.
22 Jun 18
The number of customers unlikely to recommend their bank hit a two-year peak.
22 Jun 18
The government wants to reduce cash and increase e-payments.
22 Jun 18
Mizuho, MUFG Bank and Sumitomo have agreed to unify QR code specifications.
22 Jun 18
This includes the installation of anti-skimming devices and whitelisting solutions by 2019.
22 Jun 18
ICBC, BOC, and Citic extended loans to unqualified companies.
21 Jun 18
The scheme will be a part of the Singapore Quick Response Code utilising mobile banking apps.
21 Jun 18
Soured loans in the sector are estimated at $26.4b.
21 Jun 18
NPL ratio also rose from 1.75% to 1.9%.
21 Jun 18
‘BankSign’ will be officially rolled out in July.
20 Jun 18
Consumers made over 8.3 billion card payments in 2017, equal to 23 million transactions a day.
20 Jun 18
A group claims that 50 million of the 132 million cards in circulation are not being used.
20 Jun 18
And Goldman Sachs is investing $500m into women-led and owned firms.
20 Jun 18
The value of non-cash transactions in China hit 50% in 2016.
19 Jun 18
Corporate deleveraging is also expected to keep bad loans down.
19 Jun 18
Net profit is expected to edge up 5% in Q2.
19 Jun 18
Tighter liquidity from mega IPOs will leave lenders with no other option.
18 Jun 18
Moody’s lauds the move as a welcome development to improve transparency.
18 Jun 18
However, policy uncertainty over new leadership may dampen sentiment.
18 Jun 18
The country’s lenders own over $30b in US-denominated assets.
18 Jun 18
However, the country is still miles behind China and India.
15 Jun 18
However, privacy and security concerns still mar open banking adoption.
15 Jun 18
The four major lenders slashed over 4,000 full-time roles in 2017.
15 Jun 18
This represents a slightly faster expansion than the previous months.
14 Jun 18
Funding costs are expected to stay low, boosting NIMs.
13 Jun 18
Their combined assets under management (AUM) hit $91.5b in 2017.
13 Jun 18
Lenders have been using retained earnings to lift CAR.
13 Jun 18
Sustained expansion in household debt pose risks to the sector’s stability.
13 Jun 18
Credit continues to build up in the system despite deleveraging efforts.
13 Jun 18
The construction segment had the highest gross impaired loans at 6.96%.
11 Jun 18
Indonesia and other Southeast Asian markets are the target markets.
11 Jun 18
The banking sector is burdened by over $141b in stressed assets in 2017 alone.
11 Jun 18
The shift from magnetic is expected to provide better cardholder protection.
11 Jun 18
One-year HKD fixed-deposit rate is hiked to as high as 2%.
8 Jun 18
However, robust deal-making activity may buoy the sector from its slump.
8 Jun 18
‘Project Inthanon’ could accelerate transaction and validation processes.
8 Jun 18
The results of Malaysia's 14th general elections may dampen sector growth.