News

Philippine banks agree on $410m debt-equity swap to save troubled Hanjin

The five creditors have agreed to swap debt for shares in the parent firm.

China's shadow banking sector to shrink to half of GDP in 2019

Lenders have been shifting to on-balance sheet activities.

Bad loans threaten Philippine banks amidst steep interest rates

Soured assets held by Philippine banks hit $430m in November 2018.

Indian banks make headway in denting bad debt in Q3

The growth of gross NPAs fell to 8.4% from 30.4% the previous year.

Struggling Chinese firms to lift Hong Kong banks' classified loan ratio to 0.75% by 2019

The number of defaults quadrupled to hit a record $17.68b in 2018.

South Korea braces for third internet-only bank

Shinhan Financial Group and mobile app maker Viva Republica are forming a consortium.

Chart of the Week: Vietnamese banks are downplaying their problem loans

Vietinbank, for instance, reports an NPL ratio of 1.4% but the true figure is at least 3%.

India eyes holding company structure for banks in bid to speed up consolidation: report

It has been proposed that a FHC will have the main bank as subsidiary.

Big Philippine banks' profits rose 9.3% to $3.07b in 2018

Interest earnings buoyed yearly profits despite higher borrowing costs.

Hong Kong mortgage loans down 20.7% to $23.5b in December

Weakening property demand weighed on loan growth.