News
Chinese banks' new loans falls sharply to $131.8b in February
Chinese banks' new loans falls sharply to $131.8b in February
This is only a third of the $480.75b in loans issued in January.
E-money transactions in Indonesia hit $3.3b in 2018
Users turned to digital money for e-commerce, mobile SIM top-ups, and public transport.
Trade tensions fail to rattle Chinese banking outlook: survey
Two in 5 bankers believe China’s economy will grow by around 6.5-7%.
Malaysian banks' earnings rose 7% in Q4
Lumpy recoveries of Maybank, AmBank, and Hong Leong Bank boosted the sector’s earnings.
Chinese banks' record-high lending boost only short-term gains
Short-term loans surged 57.8% in January whilst mid- and long-term loans only rose 5.3%.
Korea's open banking system threatens dominance of credit card issuers
Credit card issuers may lose their tax incentive to fintechs.
Singapore bank NIMs to widen despite rising costs
SIBOR has risen 6bps YTD and is expected to rise further.
Regulatory scrutiny weighs on Australian banks earnings
Lenders already struggle with weak loan growth amidst the housing downturn.
Weekly Global News Wrap Up: Russian money laundering scandal sweeps European banks; Wells Fargo shells out record $240m settlement over bogus accounts
And JPMorgan Chase is moving away from prison finance.
Chart of the Week: Indian banks hit by liquidity crunch
The growth in bank credit has eclipsed that of deposits which aggravated liquidity shortage.
Japanese players cash in on China's financial opening as US banks flounder
JPMorgan Chase is still stuck in application stage despite passing an application in May 2018.
Earnings gap between Indonesian banks widen as small players struggle
The 2018 profits of Book II banks dropped to $648.66m from $726.38m in 2017.
Philippine banks' loan growth cools down to 15.7% in January
Household loan growth slowed to 12.7% in January from 13.6% the previous month.
Singapore bank loan growth down to 4.2% in January
Consumer loan growth fell to 0.7% whilst business loans increased 5%.
Bank-backed online loan approval platform in India plugs SME funding gap
Since its launch in November 2018, the platform approved loans worth $4.23b.
Thai government to buy $318m of shares in TMB-Thanachart merger
It chose to invest because it believed that the merger would yield a more efficient bank.
Singapore's big three banks' CET1 ratios hit 14% in 2018
Of its peers, only UOB saw declining CET1 ratios amidst faster loan growth.
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