Retail Banking
Bank Rakyat Indonesia profits from double-digit share price gains
Bank Rakyat Indonesia profits from double-digit share price gains
Share price has risen 10%YTD which could translate to a 2019 net profit of $2.46b.
Alliance Bank Malaysia set to outpace sluggish industry growth
Its loans could grow 6% in FY20 and NIMs could expand 5bp.
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.
Shinhan Financial Group pledges $40.52b in corporate loans by 2023
The group is also aiming to increase VC fund to $123.32m.
Singapore halves prohibition orders against former Citibank employee
The prohibition order for Zheng Xuemei has been reduced to one year.
Chinese banks suffer heavy losses as delinquencies hit $17.88b in January
The energy sector saw the most defaults of $6.94b.
Implication of NPC for Chinese banks: Sticks and carrots to force lendings to private firms in exchange for more capital
During the 13th National People's Congress (NPC), Chinese Premier Li Keqiang presented the government work report. Whilst the market read the new...
Chinese banks raise record-high $48b in Q1 to plug capital crunch
Banks have been allowed to issue perpetual bonds to improve solvency ratios.
Vietnam puts pressure on remaining 14 banks to list before 2020
17 of the 31 banks have already registered for trading.
Singapore slapped $12.47m in penalties in last 18 months
Enforcement actions include 19 prohibition orders and $698,000 in civil penalties.
Philippine customers trust banks more than government with their data: survey
Around 42% trust banks the most compared to 21% who trust the government.
Weekly Global News Wrap Up: Germany's mega-bank merger may cut around 30,000 jobs; Italy eyes renewing bad loan guarantee scheme
And JPMorgan launches checkless no-overdraft accounts.
Chart of the Week: Can Chinese banks plug SMEs gaping credit crunch?
Loans to SMEs by SOCBs dropped to -4% in 2018 from 12% the previous year.
Indonesian banks face liquidity crunch as loans pick up
Loans-to-deposit ratio rose 94% in 2018 from 89.6% the previous year.
Standard Chartered unit launches startup platform
SC Ventures Fintech Bridge will link the bank with promising startups, investors and accelerators.
Korean banks' foreign branches profit up 22% to $983m in 2018
Net income from Hong Kong, China and Vietnam rose sharply.
Mortgage recovery looms for UOB as residential market stabilises
Mortgages will grow to mid-single-digit in 2019 from 4.3% in 2018.
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1. Tighter fintech watch likely after Chocolate Finance fallout 2. Singapore banks’ dividends to weather economic and global trade woes 3. UOB widens sustainable financing access for SMEs 4. YouTrip launches MYR wallet and offers free weekend shuttle service 5. Revolut rolls out five new currencies including Chinese YuanResource Center
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Nearly 8 in 10 MSMEs still face barriers to accessing loans, an expert said.
Commentary
Why high capital levels are a double-edged sword for Singapore banks