News

Australian banks slammed over repayment delays

Customers had to pay for services they did not receive.

Malaysian bank loan growth up 5.6% in 2018

Corporates and households drove yearly lending demand.

Chinese banks urged to ramp up lending to rural businesses

Outstanding loans to rural areas already hit $4.91t in 2018.

Korean banks to maintain London operations despite Brexit: report

Reports noted that banks considered Frankfurt for their new locations amidst Brexit fears.

Chinese banks' new loans falls sharply to $131.8b in February

This is only a third of the $480.75b in loans issued in January.

E-money transactions in Indonesia hit $3.3b in 2018

Users turned to digital money for e-commerce, mobile SIM top-ups, and public transport.

Trade tensions fail to rattle Chinese banking outlook: survey

Two in 5 bankers believe China’s economy will grow by around 6.5-7%.

Malaysian banks' earnings rose 7% in Q4

Lumpy recoveries of Maybank, AmBank, and Hong Leong Bank boosted the sector’s earnings.

Chinese banks' record-high lending boost only short-term gains

Short-term loans surged 57.8% in January whilst mid- and long-term loans only rose 5.3%.

Korea's open banking system threatens dominance of credit card issuers

Credit card issuers may lose their tax incentive to fintechs.

Singapore bank NIMs to widen despite rising costs

SIBOR has risen 6bps YTD and is expected to rise further.

Regulatory scrutiny weighs on Australian banks earnings

Lenders already struggle with weak loan growth amidst the housing downturn.