News
Hong Kong banks' loan growth slows to 3.03% in February
Hong Kong banks' loan growth slows to 3.03% in February
Trade finance loans fell for the sixth straight month to $60.86b.
Why you shouldn't miss ABF Digital Payments Summit 2019
The region’s payment power players will grace the prestigious event.
Singapore bank loans grew 3.3% in February
However, consumer loans grew at the slowest pace since at least 2005.
Singapore investment banking fees down 24.8% to $172.8m in Q1
Advisory fees from M&As plunged 63.6% even as deal numbers rose.
Malaysia targets web-only bank license rules by end-2019
The central bank had preliminary talks with internet-only bank operators overseas.
Malaysian banks' pre-tax profit hits $9.04b in 2018
Sector earnings grew at a slower pace due to higher MFRS9 provisions.
Hong Kong grants first batch of virtual banking licences
The licenses were awarded to Livi VB, SC Digital Solutions and ZhongAn Virtual Finance.
Philippine banks eye launch of digital ID registry in 2019
The registry will use blockchain technology for transactions and client identity.
Weekly Global News Wrap Up: Goldman-Apple deal targets mass market amidst shrinking trading revenue; Citigroup joins consumer payments battle
And here’s why banks and Silicon Valley fintechs clash over consumers’ data.
Chart of the Week: Loan re-pricing boosts Singapore banks' interest income
The net interest income of DBS and UOB may rise 9.3% and 7.4%.
Chinese megabanks extend profit decline as credit boom fades
Shanghai- and Shenzhen-listed banks are likely to see 6.7% increase in profit.
Indonesian banks' bad loan ratio down to 2.4% in 2018
The decline comes in spite of recent domestic rate hikes.
Vietnam drafts rules urging lenders to settle bad loans before dividend payouts
The rules will apply to credit institutions and not to state-owned commercial banks.
67% of APAC ultra-wealthy investors still seek human advisors
A study suggested that over-digitalisation could alienate investors.
Bank-backed asset securities in China hit $131.12b in 2018
Almost 30 banks have unveiled plans to set up WM units following clearer policies.
Japan boosts money laundering defences
MUFG Bank and Mizuho Bank will halt international cash remittances from June.
Hong Kong consumers more willing to share data than UK and Germany: survey
Consumers are willing to share income, location, lifestyle habit data in exchange for tailored offers.
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Asian Banking & Finance Fintech Awards 2025 Winner: Bhagavi Sridharan of Aditya Birla Capital Digital
Bhagavi Sridharan explains how the ABCD app offers a seamless, unified experience across diverse financial products.
Commentary
Why APAC banks must rethink their approach to the cost reduction challenge
Thailand backs major conglomerates for digital banks but risks stifling innovation