Retail Banking
Bank Central Asia's net profit jumped 10.9% to $1.84b in 2018
Bank Central Asia's net profit jumped 10.9% to $1.84b in 2018
Loan growth hit 15.1% amidst strong corporate demand.
Malaysian banks' earnings rose 7% in Q4
Lumpy recoveries of Maybank, AmBank, and Hong Leong Bank boosted the sector’s earnings.
MAS unveils changes to senior management team
Edward Robinson and Chia Der Jiun will assume deputy managing director positions.
Singapore bank NIMs to widen despite rising costs
SIBOR has risen 6bps YTD and is expected to rise further.
State Bank of India sets up joint venture with Hitachi unit for digital payments
The JV will use business analytics to study how to penetrate unbanked towns.
UOB launches programme to help Thai SMEs digitise
SMEs can access digital tools and financing opportunities through the scheme.
Regulatory scrutiny weighs on Australian banks earnings
Lenders already struggle with weak loan growth amidst the housing downturn.
Indonesia's Bank Mandiri mulls takeover of Standard Chartered-backed rival: report
It could merge it with Mandiri itself or with its unit, Bank Mantap.
Weekly Global News Wrap Up: Russian money laundering scandal sweeps European banks; Wells Fargo shells out record $240m settlement over bogus accounts
And JPMorgan Chase is moving away from prison finance.
Chart of the Week: Indian banks hit by liquidity crunch
The growth in bank credit has eclipsed that of deposits which aggravated liquidity shortage.
Earnings gap between Indonesian banks widen as small players struggle
The 2018 profits of Book II banks dropped to $648.66m from $726.38m in 2017.
India slaps $1.5m fine on four banks for non-compliance in SWIFT messaging
Karnataka Bank was hit with $564,000 worth of penalties.
MUFG to ditch over-the-counter international cash transfers to strengthen AML efforts: report
Bank users may continue to send money overseas online through a stricter process.
Philippine budget secretary Benjamin Diokno named as new central bank governor
He will be serving the remainder of Espenilla’s six-year term which will end by 2023.
Singapore bank loan growth down to 4.2% in January
Consumer loan growth fell to 0.7% whilst business loans increased 5%.
UnionBank of the Philippines' thrift unit completes merger with PR Savings Bank
The move will accelerate UnionBank's push into the motorcycle financing market.
MUFG to acquire aviation financing arm of Germany's DZ Bank
This represents the latest move by banks into aircraft finance which offers better returns than straight corporate loans.
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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