News
Philippine banks' profits surge 28% in Q1
Philippine banks' profits surge 28% in Q1
Strong gains from trading and lending pushed up earnings.
Chinese banks stem lending in April as debt worries rise
Banks extended $150.16b in net new yuan loans.
Taiwan intensifies financial consultant oversight amidst theft reports
Fines for thefts committed by financial consultants since 2012 hit $2.78m.
Thailand banks' loan growth to slow to 4.5% by end-2019 as mortgages take hit
The LTV limit of 80% on home loans will cool demand for mortgages.
Thailand embraces facial recognition tech for e-KYC
FR is part of the broader shift towards the smart bank branch model.
Hong Kong grants four more virtual banking licenses with Ant Financial and Tencent entering fray
A unit backed by Chinese insurer Ping An also scored a license.
3 in 5 Hong Kongers prioritise data security over fast banking
Only 47% cited quick and easy banking as their top priority.
Ajay Mathur of DBS to share the secret to the bank's success
Beyond unique digital offerings, Ajay is also focusing his efforts on improving culture.
Chart of the Week: Malaysian banks' bad loan ratio down to 1.46% in March
Non-residential property loans were the only segment with deteriorating asset quality.
Weekly Global News Wrap Up: Barclays unveils new electronic trading platform; South African banks strengthen defense against armed robberies
And UniCredit Bank sells 17% stake in online broker FinecoBank.
China cuts small banks' RRR to 8% in funding boost for credit-starved firms
The latest cut will unleash around $41.23b in long-term funding.
Singapore mulls licenses for virtual banks
The DBS CEO earlier echoed a similar stance.
Korea trials drive-thru banking in fintech sandbox
Woori Bank aims to make the service available in restaurants and car parks near the airports.
Singapore may soon allow virtual banks: DBS CEO
Gupta, however, believed that they may not pose a significant threat.
Malaysian banks hit by lower loan demand
New loan applications shrunk 6% in March.
Singapore banks turn to corporates for loan boost as mortgages weaken
Housing loan limits granted in Q1 fell to its lowest since Q4 2015 around $5.36b.
Japanese bank woes to persist as ultra-low rates to last until 2020
The negative rates will continue to eat away at profitability.
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1. Franklin Templeton gets approval to launch first retail tokenised fund in Singapore 2. UOB maintains profitability despite possible slower loan growth 3. Vietnam’s finance sector faces digitalisation challenges despite eased regulation 4. Japan’s SMBC is buying a 20% stake in India’s Yes Bank 5. GXS Bank names Pei-Si Lai as group CEOResource Center
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