News

COVID-19 spells slow loan growth, higher NPLs for Philippine banks

Credit growth will likely be down to 8-10% in 2020.

StanChart consortium unveils Hong Kong virtual bank Mox

It will launch Asia’s first numberless bank card when it launches later this year.

South Asians, SEA preferred repeat online loans in 2019

69% of Vietnamese had a single loan, but only 31% had repeat loans.

Asian Development Bank unveils new Singapore office

It comprises 12 specialists from ADB’s PSOD and Office of Public-Private Partnership.

Why you shouldn't miss ABF Retail Banking Forum 2020

Hear from the region’s top banking execs on how to stay ahead of changing industry trends.

Only 1 in 5 of APAC banks has an AML compliance strategy: study

Only 8% have an integrated system or specific executive to report these functions.

Malaysian banks' NPLs to rise as political turmoil adds to virus' impact

Asset quality problems may become permanent if disruptions persist.

Financial inclusion needs to be more than just about technology

Products need to be sustainable and scalable to meet the needs of the unbanked.

Malaysia's latest OPR cut needed to cushion COVID blow

The central bank slashed OPR to 2.5% amidst the virus’ global and domestic impacts.

Big three banks' wealth income expanded 18% in FY2019

Wealth made up 31% of OCBC and UOB’s total income.

Bank of East Asia to review its portfolio

Profits were nearly halved in Q4 2019 due to impairment losses from mainland China.

Weekly Global News Wrap: Goldman Sachs asks clients to skip New York meet; StanChart 2019 profits up 46%

And Italy’s Intesa Sanpaolo hires global banks as advisers in suprise takeover bid.

Taiwan's central bank to stabilise forex after US rate cut: report

The US made its first emergency cut since 2009 as COVID-19 continues to spread.

COVID-19 to hit banks in ASEAN's tourism-reliant countries

Local lenders in Singapore and Thailand are at most risk.

India's shadow banks hit with $15.1b in debt repayments

Meeting the deadlines will be a challenge given the domestic funding crunch.