News
Chinese bank asset growth slows to 6.6% in Q1 amidst deleveraging campaign
This compares to 15.7% a year ago.
Hong Kong banks may lose $14.68m in net assets following HKFRS 9
Replacing the incurred credit loss model is likely to shed off around 1% of net assets.
Singapore bank loans up 5.48% in May
Lending to businesses rose 5.78%.
Asia's digital banks trail behind European counterparts in deal activity
The region’s virtual lenders have been involved in only 7.8% of deals since 2014.
Hong Kong banks' cost to income ratios improve despite larger digital investments
The figure dipped from 47.9% in 2016 to 42.5% in 2017.
Which Singapore banks are the most vulnerable to trade tensions?
The Greater China region represented a fourth of one bank’s profit before tax.
China has over 7 billion bank cards in circulation in 2017
Each Chinese person has about 5 cards on average.
Weekly Global News Wrap Up: BofA sued over $102m ‘Ponzi scheme'; Ireland mulls hiking counter cyclical capital buffer
And Russia may need to shell out another $1.6b as part of a bank bailout.
Chart of the Week: Non-bank Chinese exposure of Hong Kong banks doubles to 15% in 2017
Fitch, however, warns against the associated risks of greater Mainland exposure.
10,000 banks aboard SWIFT gpi for faster cross-border payments
Three of China’s big four banks are already live on the platform.
Indonesian banks poised for steady loan growth despite higher lending rates
Lending will be led by big banks who can lure clients from smaller players.
Rural lending woes come knocking at Australian banks
Lenders may not be willing to take risks with little return guarantees.
Can Indonesian banks survive US tightening amidst persistent rupiah weakness?
The Indonesian rupiah has plunged to a three-year low.
China slashes reserve requirement to counter trade war pressures
The move releases around $108b in fresh liquidity into the system.
Bank satisfaction deep dives in Australia after damning probe
The number of customers unlikely to recommend their bank hit a two-year peak.
Singapore to be cheque-free by 2025
The government wants to reduce cash and increase e-payments.