Retail Banking
Union Bank of the Philippines profits down 13% to $140m in 2018
Union Bank of the Philippines profits down 13% to $140m in 2018
It fell prey to margin pressures amidst steep interest rates.
Bank of India hopes for profit turnaround in Q4
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
The four state banks will be put under the holding company, PT Danareska.
Singapore banks rev up tech hiring to plug digital vacancies
A fifth of job postings are for employees with digital skills.
Singapore banks grapple with tepid margins in 2019
Net interest margins are set to rise by 3-5bp.
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.
Weekly Global News Wrap Up: Three-way UAE merger creates $114b banking giant; Standard Chartered slapped with $40m fine
And Kazakhstan is looking for a bank to take over its second largest lender.
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.
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.
Korean major banks to cut working hours
The move comes after the country implemented a 40-hour work week.
Taiwanese banks' year-end loans receive boost from heated consumer spending
Housing loans rose for the 22nd straight month to $226.97b.
Hong Kong banks' pre-tax profit up 19.4% in 2018
NIM rose to 1.62% from 1.45% in 2017.
The Philippines beefs up bank branch network even as Asian peers trim down
Roughly 66.3% of towns and cities have banking presence in 2018.
Bangkok Bank profit up 7% to $1.11b in 2018
Non-interest income rose 9.1%.
Siam Commercial Bank Q4 profit hit by sharp provision spike
Provisions surged 73% as asset quality deteriorated.
Philippines' BPI taps on IBM for $260m digital transformation plan
The firm will provide IT infrastructure to support an agile IT and hybrid cloud.
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Experts explored how hybrid multi-cloud strategies and interconnected data centres are shaping the future of banking in the region.
