Retail Banking
China Construction Bank targets 7.1% loan growth in 2018
China Construction Bank targets 7.1% loan growth in 2018
This will be driven by infrastructure loans, residential mortgages, and personal consumption loans.
Bank Danamon's net profit grows 38% to $259m
Most income statements improved except weak fee-based income.
E-commerce titans shake the ground of retail banking
Should banks worry now that they have new competition?
South Korean banks to expand in ASEAN countries
Thanks to the low interest rate environment and rising competition from online banks.
UOB's net profit to rise to $3.83b in 2018
This will be driven by strong loan growth.
HSBC kickstarts RMB remittance from Hong Kong to China
This is after China eases cross-border RMB transaction policy for individuals.
PSBank's Jose Martin Velasquez to discuss the efficiency of digital transformation at the 2018 Retail Banking Forum in Manila
He will also talk about how banks can grow from shifting their strategy to retail banking.
Singapore banks' profits soar by 27% in Q4
DBS, OCBC, and UOB made a whopping $11.9b in 2017.
UOB Group's net earnings climbs 9% to $2.5b
Total income rose 10% to $6.7b.
OCBC's 2017 net profit rises 19% to $3.1b
Total income hikes 14% from last year to $7.2b.
Chart of the Week: Check out how China's shadow banking items shrank in 2018
There was a 17% YoY reduction of total social financing.
Weekly Global News Wrap Up: Australian banks risk misconduct exposure; Deutsche Bank to cut more jobs
And UBS hikes Asia investment banking bonus pool.
DBS expects loans to grow 7% in 2018
Higher interest rates are seen to kick net interest margin up.
DBS acquires ANZ's wealth management and retail banking business
Migration is completed in Singapore, Hong Kong, Mainland China, Taiwan, and Indonesia.
Hang Seng Bank unveils 1-year fixed-rate mortgage plan
It offers a rate of 1.68% per annum.
Deleveraging helps moderate China banks' growth
Loan growth may moderate by 1-2 ppt in 2018.
Big Hong Kong banks lock mortgage rates amidst Fed hike worries
HSBC and BOC locked their rates at 1.68% which is lower than the industry standard of 2.15%.