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APAC banks grapple with growing property risks: Fitch
APAC banks grapple with growing property risks: Fitch
Rising property loans and household indebtedness may pose problems for banks’ balance sheets soon. Higher levels of property exposure are raising the associated risks for Asia Pacific’s banking sector with Australian and New Zealand banks exhibiting the highest residential property risk, according to credit rating agency Fitch. Risks will remain high in the two markets as household debt grows due to rising home prices, driving future growth prospects for property loans.
APAC banks to launch cross-border real-time payments via SWIFT gpi
DBS, ANZ, Kasikornbank, and ICBC are amongst the participants.
New reporting standards to aid China's shadow banking crackdown
IFRS 9 will support Beijing’s bid to curb credit growth and balance sheet consolidation.
MAS tightening to bolster Singapore banks' performance
Banks are set to benefit from rising loans which grew 10%, as well as higher SGD and USD interest rates.
Which APAC banks need to brace for IFRS 9 impact?
Find out which banks may face difficulty amidst a lack of long-run historical data.
Can Hong Kong banks meet IFRS 9 requirements on time?
Profitability may be hit amidst higher provisioning prerequisites.
Indian banks are facing another massive cash crunch
ATM withdrawals are surging as the country still reels from the 2016 demonetisation.
PIN numbers may soon be a thing of the past for Japanese banks
JCB Co. is testing its contactless payment solution using fingerprint authentication.
Chinese banks may ramp up lending amidst $63.62b additional liquidity
Reserve requirement ratio for big commercial banks will be lowered from 17% to 16%.
APAC's bancassurers turn to blockchain to enhance offerings
CCB and AIA collaborated to offer blockchain-powered bancassurance products.
Weekly Global News Wrap Up: Blockchain may hammer Swiss banks; US banks can cash in on higher Libor
And it's the start of a good year for BofA as profits rose 34% in Q1.
Chart of the Week: How open is Asia to branchless banks?
Approximately 55-80% of customers are considering opening an account in a digital-only bank.
Asia beats Europe in developing new payments technologies
The region has attracted more fintech investments than North America and Europe.
Nearly 8 in 10 Singaporeans open to branchless banking
It helps that digital banking penetration in the lion city is high at 97%. Nearly 8 in 10 banking customers in Singapore admitted that they would consider opening an account with a branchless, digital-only banks, according to a report from management consultancy firm McKinsey. Of this number, Singaporeans are willing to migrate more than a third or approximately 35% of the assets in their accounts to a digital wallet.
Singapore banks' bad loans are on the rise
Aggregate NPL ratio of local banking groups rose from 0.4% to 1.6% in 2017.
China makes headway in denting distressed debt
Foreign investors are rushing into the country to purchase its NPLs.
Indonesian banks' loan growth poised to hit 8.3% in Q1
Manufacturing loans, which accounts for a lion's share of credit, is expected to register sluggish growth.
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