Retail Banking
Philippine central bank chief signals possible interest rate cut in Q1
Philippine central bank chief signals possible interest rate cut in Q1
The bank lowered rates by 75 basis points last year.
Economic downturns threaten HSBC profits, restructuring: analysis
Low confidence levels could reduce demand for credit and lending and revenue growth.
Singapore monetary board receives 21 digital bank licence applications
Fourteen applied for digital wholesale banks whilst seven went for digital full banks.
CIMB allots $730m for corporate sustainable loans
Borrowers will receive interest rate rebates upon reaching pre-agreed targets.
Razer Fintech-led consortium bids for digital full bank licence
It will take up a 60% majority stake in the proposed Razer Youth Bank.
Credit costs to weigh on Singapore banks in 2020
Combined with shrinking NIMs, this will burden bank earnings.
Grab and Singtel team up for digital bank license bid
Grab and Singtel will hold a 60% and 40% stake in the consortium, respectively.
V3 Group and EZ-Link-led consortium join Singapore's digital banking race
BEYOND consortium has launched a bid for a digital full bank license with a focus on SMEs.
CIMB Singapore welcomes new CEO
Victor Lee Meng Teck has 25 years of experience in retail, commercial, and corporate banking.
ASEAN banks lack progress in green finance
Only 62% of banks have assigned sustainability strategy to senior management.
Bank of Japan retains policy rate
It maintained its short-term interest rate at -0.1% and the 10-year government yields at 0%.
Thailand's central bank maintains policy rate at 1.25%
It will likely remain on hold in 2020, although a 25bp cut remains probable.
Chinese banks' asset performance deteriorates
Asset and loan growth slipped to 8.9% and 12.8% YoY in September, respectively.
Chart of the Week: Wealth and retail drive 60% of Singapore banks' fee income
DBS and OCBC’s private wealth AUM grew 15% CAGR in the past 6 years.
Weekly Global News Wrap: Saudi's biggest bank scraps $200b lender; Goldman Sachs to support green projects
And the PNC-Venmo fight highlights issue over who owns customers’ banking data.
Weak regulations heighten risks for Cambodian banks
The banking system is just one point shy of being amongst the highest-risk systems worldwide.
Economic risks of Indonesian banks decline as per capita income rises
Robust profitability and high capital retention keeps the sector well-capitalised.
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1. Tighter fintech watch likely after Chocolate Finance fallout 2. Singapore banks’ dividends to weather economic and global trade woes 3. UOB widens sustainable financing access for SMEs 4. YouTrip launches MYR wallet and offers free weekend shuttle service 5. Revolut rolls out five new currencies including Chinese YuanResource Center
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Nearly 8 in 10 MSMEs still face barriers to accessing loans, an expert said.
Commentary
Why high capital levels are a double-edged sword for Singapore banks