Retail Banking
Chinese banks face $341b annual credit losses from tariff strains
Chinese banks face $341b annual credit losses from tariff strains
Banks’ nonperforming assets are expected to peak at 5.9% in 2026.
APAC emerging market banks to enjoy double digit credit growth: report
China and Thailand will feel the most pressure, especially Chinese banks’ margins.
Security Bank enhances eKYC process in digital app
It has included enhanced fraud detection capabilities, including deepfake prevention.
Softening property demand could push up Taiwan’s bad loans
Potential losses could be absorbed by the banks’ core earnings, S&P said.
Mizuho Financial Group launches universal bank in Europe
Mizuho Bank Europe merged banking and securities services of two subsidiaries.
DBS rolls out new benefits under its Heartland Merchant Banking Package
Merchants can save up to S$1,880 through waivers and cashbacks.
Vietnam’s LPBank to see asset quality pressures as it expands its retail loans
But stable capitalisation and improved profitability should provide a buffer, says Moody’s.
Bank of Makati joins the Philippines’ “Piso Caravan” program
There are now 141 financial institutions participating in the program, the central bank said.
SMBC, Fujitsu Limited to create data analytics business
Japanese companies reportedly want data-driven operations to improve efficiency.
Thai banks not “materially” affected by Myanmar earthquake
It only brought limited property damage and business disruption to Thailand, Moody’s said.
Philippine central bank eyes AI rules for banks
Artificial intelligence should not diminish banks’ responsibility to uphold data privacy.
Westpac appoints Kate Dee as chief people officer
She has been the chief people officer of Bupa Asia Pacific since 2018.
ANZ moves up incoming CEO Nuno Matos’ start date to May 12
Matos is most recently the CEO of HSBC’s Wealth and Personal Banking.
ICBC’s risk diversification supports resilience amidst China’s slowdown
Capitalization should be sufficient despite ICBC not being included in the first round of the government’s capital injection.
China’s Big 5 banks expected to boost lending with capital support
Fee income may also recover if new stimulus policies are effective, said CreditSights.
CITIC Limited logs 1.1% YoY profit rise to $8.01b in 2024
Earnings per share is RMB2.00, whilst the final dividend proposed is RMB0.36 per share.
PSBC’s capital boost strengthens funding for rural and SME financing
Low capital has constrained PSBC’s growth in its niche area of rural and inclusive finance.
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