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.

Singapore banks' profits soar by 27% in Q4

DBS, OCBC, and UOB made a whopping $11.9b in 2017.

OCBC's 2017 net profit rises 19% to $3.1b

Total income hikes 14% from last year to $7.2b.

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.

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%.