Retail Banking
Japan’s MUFG sells US retail bank subsidiary to US Bancorp in $8b deal
Japan’s MUFG sells US retail bank subsidiary to US Bancorp in $8b deal
It is exiting the retail banking business to refocus on corporate transactions.
New bank players from Thai, Malaysia agreement face limited growth prospects
The latest licensed banks in Thailand have loan market share below 0.5%.
Sri Lanka’s large banks’ outlook worsens amidst new COVID surge
The new COVID surge that began in April may hinder GDP recovery.
Cebuana Lhuillier Bank gets Rural/Cooperative Bank of the Year nod at 2021 Asian Banking & Finance Retail Banking Awards
The bank’s commitment to providing financial inclusion through innovative service is considered a game-changer in the Philippines
Half of APAC banks at risk of missing digital transformation targets: study
Banking leaders admit that they are at risk of ceasing to exist in 5-10 years.
Japan’s new PM a positive for banks’ earnings outlook: Jefferies
Banks’ credit costs are expected to undershoot their guidance.
Standard Chartered Bank (Hong Kong) soars at the ABF Retail Banking Awards 2021
The bank and several of its projects have been recognised by the industry for their remarkable achievements.
BNP Paribas in talks with China’s AgBank to form wealth JV: report
A source said that BNP Paribas will hold a majority stake in the planned venture.
Expect failures amongst Hong Kong’s virtual-only banks: S&P
Digital lenders are currently at a loss-making and some may fold over the next few years.
Bank of China’s diverse portfolio to weather default storm over next two years
BOC’s non-performing asset ratio is expected to steadily decline in the next 24 months.
TransBank, Credit Bank marks first day of merger
The merger was approved by the Bank of Mongolia last July.
Ping An Bank profits up 45% in Q2, but NIM contraction to continue
Whilst fee income and loan growth is robust, capital position weakened.
Hong Kong’s ZA Bank hits 400,000 users
This is equal to 5% of the city’s total population.
Citibank Korea postpones exit plan decisions until September —report
This marks the second delay in its exit plan decision.
SMEs mull switch to fintechs, digital banks as main finance service provider
More than one in three APAC SMEs consider switching to fintech.
Chinese banks’ posed for e-payment scene comeback with digital renminbi’s launch
The e-CNY will support growth of banks’ e-payment customer base and improve overall financial stability.
Security Bank posts net profit of $61.35m in H1
Net interest income and non-interest income both fell compared to H1 2020.
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Nearly 8 in 10 MSMEs still face barriers to accessing loans, an expert said.
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