News
Philippine bank lending surges 20% to $141.95b in April
Philippine bank lending surges 20% to $141.95b in April
Loans to wholesale and retail trade rose 22.7% to $19.43b.
2018 Retail Banking Forum concludes 4-city road show in Bangkok
More than 90 delegates from Thailand's major banks graced the event.
Thai bank loans up 4.7% in Q1 as SME lending strengthens
The monthly growth was led by lending to the food and energy sectors.
Asia's private banking scene heats up as European players enter fray
European private banks are heavily investing in Asian footholds.
Myanmar to grant license to 4 private banks
The move is the latest in the government’s push to liberalise the financial sector.
Thai banks urged to rein in mortgages amidst eager market takeup
Some banks have been reportedly offering loans with steeper loan-to-value ratios.
New accounting standards pose risks to Singapore banks' profitability
Lenders face higher credit reserve requirement under the FRS109.
Indian banks forced to a halt as employees go on strike
Employees slammed what they called “meagre” 2% pay hike.
New Zealand regulator sees no need for Australia-style banking inquiry
Even though the country’s four biggest banks are units of Australian lenders.
Hong Kong publishes guidelines for virtual banks in Smart Banking push
The central bank is aiming to award licenses towards the end of the year.
Singapore beats Hong Kong in open banking readiness
Strong regulatory support from MAS buoyed the lion city to score the APAC crown.
Singapore bank lending up 0.8% in April
Consumer and corporate loans edged up slightly.
China regulator carries out inspections to sniff out shadow banking activity
Some trust companies halted their channel business amidst intensified scrutiny.
Philippine banks link up to pilot blockchain for retail payments
A major lender is connecting with rural banks in the Southern area of the country.
India's public banks hammered by massive $3.81b fraud loss in 2017-18
The staggering loss impacts the future lending ability of banks.
Weekly Global News Wrap Up: US loan demand dips as SMEs turn to personal funds; Swiss lender BCP halts all business with Iran
And Bank of Nova Scotia’s Q2 earnings smashed analyst expectations.
Chart of the Week: Singapore banks bear the burden of growing credit card debt
Bad credit card debt that was "written-off" jumped 16% to $20.74m in March.
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