News

Here's proof that Japanese bank stocks outpaced global peers in 2013
9 Jan 14
Thanks to Abe's reflationary policies.
Chart of the Week: Easing of travel restrictions to drive Thai card payments growth
21 Oct 20
Card payments is estimated to grow by 2.3% in 2020 and reach $82.8b by 2024.
Weekly Global News Wrap: US regulators to finalise rule for long-term liquidity; Cross-border lending to emerging markets dips in Q2
21 Oct 20
And Swiss bank UBS doubles Q3 net profit.
EY, BCG, Citi, and more share key strategies for banking resilience
20 Oct 20
Almost 100 banking professionals participated in the first ABF Retail Banking Virtual Conference.
HDFC Bank to outperform Indian peers in earnings, growth
20 Oct 20
It will see further growth by tapping in on underserved retail, SME borrowers.
Indian shadow banks' recovery face setback as liquidity, debt weaken
20 Oct 20
As a result, the central bank unveiled additional stimulus measures in October.
Tech pitfalls impede Philippine banks' authentication processes
20 Oct 20
Half of banks surveyed fret about the activity being too manual.
New Zealand's climate reporting policy to impact banks minimally: Fitch
20 Oct 20
Agricultural loans, comprising 13% of sector loans, will come under crutiny.
Indonesian card payments to mellow 1.7% in 2020
19 Oct 20
But it is bound for a 7% recovery come 2021.
Indonesia's Bank Mandiri outlines data strategies as pandemic continues
16 Oct 20
Their partnership with Cloudera has given them valuable insight on customer behavior.
How Spenmo helps businesses secure direct loans
16 Oct 20
The platform also allows merchants to effectively manage expenses.
Indonesia pushes ahead Islamic banks merger to form $15b entity
14 Oct 20
Bank Mandiri, Bank Negara Indonesia, Bank Rakyat Indonesia have agreed to combine Shariah-compliant units.
Chart of the Week: China investment banking fees up 32.7% in 2020 YTD
14 Oct 20
M&A activity witnessed a $218.4b growth in Q3.
Westpac to exit China, other Asian markets
14 Oct 20
It will consolidate operations into branches in Singapore, London, and New York.
Weekly Global News Wrap: Revolut to apply for US bank licence; G7 to block Facebook's Libra
14 Oct 20
And Credit Suisse hires former Bank of America investment banking head.
Philippine banks remain firm, but headwinds loom: Fitch
14 Oct 20
Weak local consumption and high credit impairment are fanning the fire.
Ageing, digitization drive new income streams to Japan's regional banks
13 Oct 20
Banks can help ageing SME owners manage business risks, says Moody’s.
APAC investment banking fees hit record-high $20.7b in 9M 2020
12 Oct 20
ECM and DCM fees both hit record-high levels.
APAC banks' problem loans to double by 2022: Moody's
12 Oct 20
India and Thailand are the most vulnerable.
Bank of Korea plans test-run circulation of digital currency in 2021
12 Oct 20
It will launch a pilot program to study the potential introduction of a new cryptocurrency.
Citigroup to give up portion of Singapore office space: report
1 Oct 20
E-commerce giant Amazon is set to lease three floors from Asia Square Tower 1.
Regulator orders cessation of Wirecard Singapore's payments services
30 Sep 20
All customer funds shall be returned by 14 October.
China's shadow banking credit growth to slow in H2: Moody's
30 Sep 20
The upcoming lower interest rates on informal lending will kick on growth prospects.
APAC provisioning levels to remain elevated until 2021: Fitch
30 Sep 20
Annualised credit costs of 79 APAC banks averaged 1.26% of gross loans in H1.
Weekly Global News Wrap: Global regulators ready to give more support; Investment firms to buy HSBC's French retail arm
30 Sep 20
And Goldman Sachs reshuffles asset management and consumer wealth units.
Chart of the Week: Malaysia's card payments to reach $52.4b in 2020
29 Sep 20
Credit, debit card payments account for 36.8% of the country’s total e-commerce value.
Citi to unveil largest wealth advisory hub in Singapore
29 Sep 20
It will occupy 30,000 sqft across four floor at 268 Orchard Road.
Chinese listed banks' net profits down 9.05% in H1
25 Sep 20
Their fee and income growth slowed whilst NPLs rose.
Bank of East Asia commences sale of life insurance arm
25 Sep 20
It hopes to have an agreement for recurrent revenue.
Singapore's banking system to recover in two years: S&P
25 Sep 20
Even though it’ll be amongst the first to improve, recovery will still take until end-2022.
Singapore investment banking fees down 39.9% in 2020 YTD
24 Sep 20
Although M&A activity has picked up in Q3 it is still lower than levels recorded last year.
Singapore regulator probing reports on suspicious bank transfers
23 Sep 20
An appropriate action will be taken based on its own review.
Chart of the Week: Australia's e-commerce market to reach $37.9b in 2020
22 Sep 20
‘Buy now, pay later’ schemes are on the rise especially amongst millennials.
Mox Bank launches in Hong Kong
22 Sep 20
Everyone in the city can now sign up for its services.
Hong Kong regulator assures effective anti-money laundering supervision: report
22 Sep 20
Reports alleged that some banks have moved illicit funds over the last two decades.
Standard Chartered floats new personal finance management tool
22 Sep 20
Clients can customise budgets and be notified if expenses get close to limit.
ABF, Poly to host communication trends and technology webinar on 22 October
17 Sep 20
Poly's Chief Technology Officer & Director, Sales Engineering, Asia Pacific Bill Zeng will take part as one of the event speakers....
UOB freezes hiring, pay as outlook dims: report
17 Sep 20
The hiring freeze will last until December 2021.
ABF to hold first ever Retail Banking Virtual Conference on 17 September
16 Sep 20
Hear about the latest retail banking and finance news from top experts and executives across Asia.
China's MSE loan programme to strain banks' profitability
16 Sep 20
The banking system is expected to extend $420b in new loans to micro and small businesses.

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