News
South Korea has no plans to issue a digital currency soon
South Korea has no plans to issue a digital currency soon
The central bank said there is no immediate need to introduce such currency.
Singapore banks' loan growth to grind to a halt at 0.5% by end-2019
Mortgage loans and business-related loans are caving under pressure.
Chinese banks' property loan growth slows to 20% in 2018
About $3.82t went to individual purchasers.
7 in 10 Hong Kongers believe fintechs are as trustworthy as banks: survey
However, 22% admit that the former are less trustworthy than old-guard lenders.
Korean major banks to cut working hours
The move comes after the country implemented a 40-hour work week.
Singapore mortgages slow sharply as sentiment sours
Home loan growth slowed to 1.9% in January-November 2018 from 4.2% in 2017.
Taiwanese banks' year-end loans receive boost from heated consumer spending
Housing loans rose for the 22nd straight month to $226.97b.
Indonesian banks tie up to launch QR code payment platform with Alipay
'Link Aja' will launch sometime in February to March.
Hong Kong banks' pre-tax profit up 19.4% in 2018
NIM rose to 1.62% from 1.45% in 2017.
Smaller bonuses and fewer jobs await Chinese bankers
The equity rout and ongoing trade dispute dimmed employment prospects.
The Philippines beefs up bank branch network even as Asian peers trim down
Roughly 66.3% of towns and cities have banking presence in 2018.
WeChat and AliPay still no-go in Indonesia
Bank Cental Asia and CIMB Niaga are still completing the necessary documents.
Australia's lending incumbents face threat as challenger banks enter fray
Volt Bank has finally managed to nab a full banking license.
Will India's banks sink under weight of the country's worst water crisis?
Roughly 40% of banks' gross credit exposure are in sectors with significant water risks.
Vietnamese banks continue to grow consumer lending arms
Techcombank is allowing borrowers to loan up to 10 times their monthly income.
Taiwanese banks' yuan deposits shrinks to 4-year low in December
This represents the third straight month of decline.
Korea slaps $600,000 fine on 4 global banks over forex rigging
JP Morgan Chase faced the highest penalty of $223,000.
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