News

Indonesia urged to cut bank network to 70 lenders

The bank association believes that this is the ideal number to foster competition.

Chart of the Week: Thai banks ramp up lending to risky SMEs

SME loans accelerated to 7.2% in September 2018 from 2.4% in 2017.

Vietnam to put an end to cross-ownership at banks by 2020

The number of cases between direct share ownership between banks and enterprises fell to 4.

1MDB scandal fails to shake trust in Malaysian banks: survey

Banking is still the most trustworthy profession for Malaysians.

South Korea has no plans to issue a digital currency soon

The central bank said there is no immediate need to introduce such currency.

Singapore banks' loan growth to grind to a halt at 0.5% by end-2019

Mortgage loans and business-related loans are caving under pressure.

7 in 10 Hong Kongers believe fintechs are as trustworthy as banks: survey

However, 22% admit that the former are less trustworthy than old-guard lenders.

Korean major banks to cut working hours

The move comes after the country implemented a 40-hour work week.

Singapore mortgages slow sharply as sentiment sours

Home loan growth slowed to 1.9% in January-November 2018 from 4.2% in 2017.

Taiwanese banks' year-end loans receive boost from heated consumer spending

Housing loans rose for the 22nd straight month to $226.97b.

Smaller bonuses and fewer jobs await Chinese bankers

The equity rout and ongoing trade dispute dimmed employment prospects.