News

Singapore banks set to co-write guide for ethical use of AI

The guide, to be developed by MAS, is targeted for completion by the end of 2018.

Thai banks to waive digital transaction fees amidst heated e-wallet competition

However, the move is estimated to slash profits by up to 5%.

Indonesian banks' loans rose 8.2% in February

Banks are similarly targeting higher loan growth of 12% in 2018.

Philippine banks on alert following Malaysian cyberattack

The central bank cautioned local banks especially during the long holiday.

Singapore banks' loan growth hits 3-year high

Higher credit card and car loans pushed bank lending up.

Myanmar now lets foreign banks provide export financing services

Still, they are prohibited from providing basic retail transactions amidst the reform.

Is Islamic financing the future of Malaysian banks?

It grew 10.3% unlike conventional banks which rose marginally by 1.7% in 2017.

Indonesia imposes new capital surcharge for top lenders

Banks must deal with surcharge of 1% to 3.5% of risk weighted assets.

China's big banks profits surge 4.9% to $30.5b in 2017

ICBC, CCB, and Agricultural Bank of China all posted improved profitability.

Korean banks net income rose 23.9% to $807m in 2017

Cash inflow from overseas business in China ballooned 389.3% to $110.9m.

Singapore banks net profit surge 27% in Q4 as they embrace fintech

The country is home to 39% of fintech firms in the ASEAN.

Japanese banks' US dollar assets balloon 88% to $2.5t in 2017

They have become the most significant, non-US dollar banking player in terms of size.