Retail Banking

MUFG Bank consolidates Asian branch operations to Manila
22 May 18
The Manila office will assume operations from Singapore, Sydney and Taipei.
Philippine bank assets up 11.31% to $300.3b in Q1
22 May 18
Stable savings and demand deposits buoyed healthy capitalisation levels.
South Korean banks intensify inter-Korean business preparations amidst peace talks
22 May 18
Banks have been studying how to forge closer economic ties with the North.
Japanese banks hit by lower net interest income as loan demand dwindles
21 May 18
Intense Western competition is adding to the banking sector’s growing list of woes.
Fraud-hit PNB needs $1.91b in capital infusion to meet regulatory requirements
21 May 18
The massive capital shortage is expected to cripple loan portfolio up to 2019.
Vietnam's OCB guns for $1b market cap in Vietnam IPO
21 May 18
The bank intends to sell $35m of shares via private placement in Q3.
China's shadow banking crackdown buoys offshore financing market
21 May 18
Moody’s notes that there are limits to how much banks can substitute for lower shadow credit levels.
Which APAC banks stand the most vulnerable to US tightening?
21 May 18
The impact spares no market in either developed and emerging Asia.
Staggering costs prompt Japanese banks to shut branches down
18 May 18
MUFG Bank will cut the branch numbers by 20% whilst Mizuho will close around 100 domestic locations.
Westpac creates executive role to handle complaints amidst ongoing probe
18 May 18
It promoted corporate affairs manager Carolyn McCann to the role.
Vietnamese banks gun for greater market share of consumer finance pie
18 May 18
The local market is expected to be worth $44b by 2020.
Singapore introduces new reporting standards for banks
17 May 18
It will require data collection of RMB business activities and deposit rates to be rationalised.
Can succession business lift Japanese banks out of their earnings slump?
17 May 18
Regional banks may lose about 60% of inheritance funds.
Bad loan cleanup push Chinese banks profits up 5.1% to $242.03b in 2017
17 May 18
The weighted average NPL ratio dropped from 1.65% in 2016 to 1.55% in 2017.
Singapore private banking bonuses up by as much as 7% in 2017
17 May 18
Bankers of the ultra wealthy can also expect bonuses in the form of stocks and shares.
Amol Gupte reveals how Citi takes the fintech revolution as a positive disruption
17 May 18
The bank facilitates co-creation with fintechs which helped bag seven consecutive quarters of revenue growth in Asia Pacific.
New financial reporting standards will not materially impact Malaysian bank assets: Moody's
16 May 18
MFRS 9 actually represent strengthened credit practices due to higher provision requirements.
Chinese banks turn to retail amidst tighter scrutiny in wealth
16 May 18
Operating income from the retail arm accounted for 37.56% of total bank income in 2017.
Fraud-hit PNB hammered by largest ever quarterly loss for an Indian bank
16 May 18
The state lender reported a $1.98b loss as it books provisions to cover a massive fraud.
MUFG weathers lacklustre lending gains after 2017 profits rose 6.8% to $8.98b
16 May 18
Lower bad loan expenses and gains from equity holdings buoyed earnings.
Maybank names John Chong as new group CEO of community financial services
16 May 18
He will replace Datuk Lim Hong Tat who will retire on 18 July 2018.
Property pickup buoys Singapore banks' glowing growth prospects
16 May 18
Housing and bridging loans are expected to receive a boost from the price boom.
Banks are at the forefront of Singapore's future-ready upskilling charge
16 May 18
OCBC recently rolled out a massive $20m upskilling programme.
Weekly Global News Wrap Up: Mexico's banks misplaced about $20m in e-transfers; Deutsche Bank waves off Asian exit rumors
16 May 18
And it's a bad Q1 for German lender Commerzbank as profits drop 12%.
Federal Bank profits plunge 44% to $21.48m in Q4 as corporate loans turn sour
15 May 18
Bad loans inched up to 1.7% in Q4.
ICICI slippages hit $2.28b in Q4 as stress loans moved into NPLs
15 May 18
However, the bank is nearing its asset quality downturn and improvements are in sight.
CFO Rob Jesudason leaves CBA
15 May 18
He is the fifth executive to leave the embattled bank.
Australian bank inquiry could cut 8% of the country's finance jobs
15 May 18
Massive job cuts may be tantamount to losses seen during the 2008 global financial crisis.
Is the worst over for Thai banks?
15 May 18
The sector is poised for profitability as it nears the end of the bad loan cycle.
Japanese banks reportedly mulling joint ATMs to cut massive losses
14 May 18
Declining loan demand is squeezing the profits of the country's lenders.
Philippine banks profits up 17.8% in Q1
11 May 18
Higher earnings from trading buoyed non interest income to $691.53m.
Hong Kong banks face heightened risks from close Chinese ties: Fitch
11 May 18
The credit rating agency noted that China's governance standards are lower than Hong Kong's.
CBA to shell out $18.67m in penalties for rate manipulation
10 May 18
The embattled bank has been accused of rigging the Bank Bill Swap Rate.
Wealth management fees buoy Singapore banks earnings in Q1
10 May 18
DBS, OCBC, and UOB all registered double-digit growth in fee income.
Housing downturn pushes Australian banks' credit growth down to 5.1% in March
10 May 18
Residential credit accounts for more than 60% of the banking system’s overall credit.
Higher interest expenses curbed BPI's growth in Q1
9 May 18
Net interest income fell from 13% to 9%.
Krung Thai Bank profits crash 21% to $211.67m in Q1
9 May 18
Loan growth remain subdued dragging net interest income to 6%.
Siam Commercial Bank profits down 5% to $354.87m in Q1
9 May 18
Higher operating expenses due to staff costs and digital efforts hit the bank’s earnings.
Weekly Global News Wrap Up: BNP Paribas profit falls 17% in Q1; BofA pushes for cashless payments
9 May 18
And Greece's top banks would lose $18.6b of capital under stress.
Australian banks face heated competition as first digital-only player enters fray
8 May 18
The country’s regulator has granted fintech bank Volt license to operate.

Sign Up For Newsletter

 

Follow Us

Latest Jobs

Offering SBLC/BG Lease and Purchase
Monday, June 18 2018
WE OFFER LEASE AND PURCHASE BG,SBLC AND MTN
Friday, June 8 2018
Financial Instrument- Lease BG/SBLC
Friday, June 8 2018
Financial Instrument- Lease BG/SBLC
Tuesday, June 5 2018

View all jobs

Post a Job Ad — It's FREE!

Events Calendar

Jul 12
ABF Wholesale Banking Awards 2018
Shangri-La Hotel, Singapore
Jul 12
ABF Retail Banking Awards 2018
Shangri-La Hotel, Singapore
Jul 12
ABF Corporate & Investment Banking Awards 2018
Shangri-La Hotel, Singapore
Dec 04
ABF Priority Banking & Wealth Management Conference 2018
Singapore