Retail Banking

UOB's profits up 18% to $2.96b in 2018
22 Feb 19
Total income for their Retail, Wholesale Banking and Global Markets also rose.
OCBC profit up 11% to $4.49b in FY18
22 Feb 19
Net interest income rose 9% to $5.81b.
Europe-based LGT unveils wealth management business in Thailand
21 Feb 19
LGT Securities will complement the company's private bank efforts in Hong Kong and Singapore.
ICBC receives nod to set up wealth management unit
20 Feb 19
Nearly 30 banks have announced their intention to dive into this profitable business.
Weekly Global News Wrap Up: JPMorgan rolls out cryptocurrency; Estonia kicks out scandal-hit Danske bank
20 Feb 19
And the market rout weighed on HSBC's full-year earnings.
Chart of the Week: Thai banks raise capital shields against bad loans
20 Feb 19
Total capital adequacy ratios hit 18% in November 2018.
Singapore bank ROEs to hit over 11% in 2020
20 Feb 19
Thanks to the shift towards fees and commission in the non-interest income mix.
Indian banks swing back into the black in Q4
20 Feb 19
Earnings hit $21.56m with private banks leading the quarterly gains.
DBS cost-to-income ratio to ease to 43% in 2019
19 Feb 19
It rose 1.9 ppts in 2018 due to weak trading income and ANZ integration.
DBS full-year profit surged 28% to $4.15b
19 Feb 19
Fee income hit S$2.78b as led by card and wealth management.
India slaps 4 public sector lenders with $705,000 fine
15 Feb 19
Corporation Bank’s penalty hit $282,000.
Standard Chartered nabs former HSBC global banking head Chow Wan Thonh
13 Feb 19
She will succeed Patrick Lee who was promoted to CEO in July 2018.
Citi appoints Keith Tuffley as vice chairman for Australia and New Zealand
13 Feb 19
He will also serve as senior inernational adviser to the BCMA team.
DBS appoints former Citibank Singapore CEO as group head of strategy and planning
13 Feb 19
Han Kwee Juan is a veteran banker with a formidable 27-year career experience.
South Korea braces for third internet-only bank
13 Feb 19
Shinhan Financial Group and mobile app maker Viva Republica are forming a consortium.
Weekly Global News Wrap Up: European banks struggle to lure talent against high-paying US players; EU banks face tougher hurdles in Saudi
13 Feb 19
And a Greek bank is gearing for $4b in bad loan sales.
Vietnamese banks call for higher foreign ownership ratio ceiling
12 Feb 19
Lenders are eager to meet capital requirements.
Thailand's GSB expands deposit network
12 Feb 19
GSB aims to have a total of 226,000 top-up points.
India eyes holding company structure for banks in bid to speed up consolidation: report
12 Feb 19
It has been proposed that a FHC will have the main bank as subsidiary.
Krung Thai Bank's bad loan ratio could fall to 4% in 2019
11 Feb 19
The bank is in the process of resolving one big corporate NPL.
Philippine banks' profits climbed 9.3% to $3.07b in 2018
11 Feb 19
Interest earnings buoyed yearly profits despite higher borrowing costs.
Hong Kong mortgage loans down 20.7% to $23.5b in December
11 Feb 19
Weakening property demand weighed on loan growth.
South Korea's property curbs cool January household loans
8 Feb 19
The growth was its lowest since November 2017.
Bank Rakyat Indonesia profit up $2.32b in 2018
8 Feb 19
Non-interest income surged 25%.
Hong Kong banker bonuses drop by a fifth as stock markets fall
8 Feb 19
Some local brokers had to make do with a lai see.
Malaysian bank loan growth drops further to 5.6% in December
8 Feb 19
Working capital, construction, home and auto loans weakened.
Taiwanese banks clamp down on Chinese exposure in hunt for fatter margins
6 Feb 19
Mainland credit exposure has dropped since Q3 2018 and is likely to remain flat in 2019.
Weekly Global News Wrap Up: US consumer loan demand takes hit in Q4; Canada housing slump prompts calls for looser mortgage rules
6 Feb 19
And HSBC is said to be cutting over 50 investment banking jobs.
Philippine bank accounts up 6.8% to 57.1 million in 2017
4 Feb 19
The number of unbanked local government units also dipped to 554 from 582.
China urges banks to temper lending in January
4 Feb 19
Banks typically front-load loans early in the year.
Foreign players can now buy into Myanmar's domestic banks
4 Feb 19
They can hold up to 35% stake in local lenders.
India lifts curbs on three public sector banks as recovery looms
4 Feb 19
They have successfully met capital and bad loan requirements.
Singapore bank loans grow 3% in December
1 Feb 19
Business lending grew to 4.1% even as loans to consumers softened.
Union Bank of the Philippines profits down 13% to $140m in 2018
31 Jan 19
It fell prey to margin pressures amidst steep interest rates.
Bank of India hopes for profit turnaround in Q4
31 Jan 19
Bad loans provisions more than doubling to $1.29b dragged the bank to higher net loss in Q3.
Indonesia gears to set up mega-lender to oversee 40% of banking assets
31 Jan 19
The four state banks will be put under the holding company, PT Danareska.
Singapore banks rev up tech hiring to plug digital vacancies
31 Jan 19
A fifth of job postings are for employees with digital skills.
Singapore banks grapple with tepid margins in 2019
31 Jan 19
Net interest margins are set to rise by 3-5bp.
Chart of the Week: Thai banks ramp up lending to risky SMEs
30 Jan 19
SME loans accelerated to 7.2% in September 2018 from 2.4% in 2017.
Weekly Global News Wrap Up: Three-way UAE merger creates $114b banking giant; Standard Chartered slapped with $40m fine
30 Jan 19
And Kazakhstan is looking for a bank to take over its second largest lender.

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