Lending & Credit
Japan’s rural banks embrace more risks in search of profits
Their greatest enemy is time as business opportunities need years to take fruit.
Japan’s rural banks embrace more risks in search of profits
Their greatest enemy is time as business opportunities need years to take fruit.
CIMB Bank PH's gross transaction value triples in nine months
The bank now has nearly 5 million customers in total, and almost 1 million lending customers.
APAC banks on track for LIBOR phase-out: S&P
Singapore banks are leading the way in adopting alternative reference rates.
China’s shadow banking assets will shrink to eight-year low in H2: Moody’s
Tighter regulations will drive a wedge in the connection between banks and NBFIs.
Relaxed regulation heightens Thailand banks’ systematic risks: S&P
NPL ratio is expected to rise to its highest since the 2009 financial crisis.
Vietnam’s HDBank clinches $50m loan to finance green projects
Green projects have the potential to create over 1,350 jobs in the country.
Financial institutions face four emerging challenges as digitisation ramps up
FIs role as the middleman is under threat as tech firms mull offering financial services.
Banks welcome launch of Wealth Management Connect in Guangdong-Hong Kong-GBA
BEA highlights hiring plans, whilst Citi says it will offer 100 types of wealth products under WM Connect.
Large, mid-sized Chinese banks’ capital pressures easing: Fitch
Stress test shows NPL ratio likely to rise, but not to levels PBOC expects, the ratings agency said.
Weekly Global News Wrap: Americans miss BNPL payments; Wells Fargo fined $250m
And Mastercard bets on crypto with acquisition of CipherTrace.
Loan forbearance extension clouds Indonesian banks’ asset quality for longer
The extension is a positive for their asset quality and profits, but credit costs will remain elevated.
CIMB Philippines launch revolving credit product REVI Credit
It can grant as high as a $5,000 credit line to customers.
Bank of China’s diverse portfolio to weather default storm over next two years
BOC’s non-performing asset ratio is expected to steadily decline in the next 24 months.
More mergers of small Australian banks imminent: analysts
Two mergers were announced in August alone, and as regulatory costs remain high, more might seek to consolidate.
Philippine lender SB Finance teams up with FinScore to enhance credit scoring power
SB Finance said it will use FinScore’s solution to predict the creditworthiness of borrowers.
Hong Kong’s ZA Bank launch new credit card repayment feature
Users can pay their credit card bills issued by any bank through ZA Bank, for a period of up to 72 months.
New Zealand’s expected interest rate hike to raise banks’ profits: Fitch
However, its impact on earnings may take some time to rise as mortgages are not yet due.