Retail Banking
Higher operating costs loom over Philippine banks in 2018
Higher operating costs loom over Philippine banks in 2018
Investments in necessary IT infrastructure are setting local banks back.
Singapore banks' 3-month SIBOR up 1.51% at end-March
Fixed deposit rates from Singapore banks rose concurrently by 17-30 bps.
Hong Kong banks' loan growth poised to crash to 14% in 2018 as property prices falter
Cooling measures are kicking into effect in the city's heated housing market.
Weekly Global News Wrap Up: Barclays to pay $2b fraud fine; Should Deutsche Bank reduce its US business?
And US Treasury supports easing raps on banks not lending to the poor.
How can Thai banks cushion the cost impact from waived digital fees?
Fee waivers could cost the banking system as much as $288.45m in foregone revenue.
Scaling down: Australian banks are pulling out from Asia
CBA is tapping on advisors as it mulls the sale of its Indonesian life insurance business.
Should Japanese banks consider mergers to combat profit woes?
A shrinking population and negative interest rates are hitting banks right in the gut.
Korean banks' loan delinquency rate inches up to 0.48% in February
Newly delinquent loans outnumbered resolved ones.
Singapore banks set to co-write guide for ethical use of AI
The guide, to be developed by MAS, is targeted for completion by the end of 2018.
China Construction Bank's profit rose 9% to $6.5b in Q4
Net interest margin expanded 2.36% as credit card loans and consumption loans performed strongly.
Citibank Thailand to acquire TISCO's credit card and personal loans portfolio
The total portfolio is expected to include over $150m in receivables.
VietinBank to launch digital business matchmaking platform
It aims to provide companies with connections to expand into new markets.
Thai banks to waive digital transaction fees amidst heated e-wallet competition
However, the move is estimated to slash profits by up to 5%.
Indonesian banks' loans rose 8.2% in February
Banks are similarly targeting higher loan growth of 12% in 2018.
Philippine banks on alert following Malaysian cyberattack
The central bank cautioned local banks especially during the long holiday.
Singapore banks' loan growth hits 3-year high
Higher credit card and car loans pushed bank lending up.
Myanmar now lets foreign banks provide export financing services
Still, they are prohibited from providing basic retail transactions amidst the reform.
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