News
China shuns ‘clean coal' in new green financing guidelines
China shuns ‘clean coal' in new green financing guidelines
Billions of yuan have been used in green financing of coal-related projects.
Indian credit demand surges but recovery still far ahead
Gross non-performing loans drove the increase in credit.
Indonesian banks face aggravated headwinds as pandemic grows
Restructured loans have grown considerably and will increase further.
ADB inks $300m loan to boost Indonesia's geothermal capacity
It will support the construction and commissioning of two geothermal plants in Java.
Malaysian firms lose 40% of new accounts as locals look to open online
Only 6-9% of customer finish applying for a non-fully digital account opening service.
Singapore's circuit breaker spells downturn in loan growth
Consumer loans were mostly affected, shrinking 0.9% MoM, OCBC said.
India may inject almost $20b into state-owned banks
A final decision could be made in H2 of India’s fiscal year.
Singapore big three's total dividends to decline 3.1% in 2020
UOB is expected to suspend its special dividend for the fiscal year.
Hong Kong finance firms lead in AI deployment
58% of financial firms in the city will utilise AI next year.
Stable playing field a gain for Singapore banks: report
High credit costs can be covered by profits.
Asian banks face consolidation as fintechs, neobanks usurp market
Banks’ hopes for survival lie in the US$100b of new revenue opportunities, reports McKinsey & Co.
Chart of the Week: Malaysia's consumer loan growth to decelerate in 2020
There’s just little banks can do to encourage people to take out loans.
Weekly Global News Wrap: UBS to inject millions into fintechs; Deutsche Bank chair to bow out after 2022
And two Canadian banks post better than expected results despite profit declines.
HSBC sees significant growth in new APAC wealth arm
Double-digit growth is on the horizon over the next three years.
COVID-19 accelerates digital payments adoption in South Korea
The country’s credit card issuers are seeing a rise in credit card use for online purchases.
Chinese banks' volatile results posit hazy future for 2020
City commercial lenders’ profits followed a “V” curve from 2017-2019.
Japan's MUFG to shutter 40% of local branches by 2023
It also expects 6,000 job losses by that year.
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