Retail Banking

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.

China Construction Bank's profit rose 9% to $6.5b in Q4

Net interest margin expanded 2.36% as credit card loans and consumption loans performed strongly.

Citibank Thailand to acquire TISCO's credit card and personal loans portfolio

The total portfolio is expected to include over $150m in receivables.

VietinBank to launch digital business matchmaking platform

It aims to provide companies with connections to expand into new markets.

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.

Bank of China Singapore revamps Family Card with improved cash rebate

Cardholders can earn up to $1,440 in cash rebate annually.

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.

China banks expand household lending and wealth management business

Bank lending to households represent half of GDP and 82% of disposable income in 2017.