Retail Banking
Philippine banks' COVID-19 rebound faster than in 1997 crisis: banking group
Philippine banks' COVID-19 rebound faster than in 1997 crisis: banking group
Local lenders may rebound in three to four years.
Even with the arrival of the digital banks, don't write off the incumbents
Much has been written about the likely death of incumbent banks in the face of coming competition from neobanks (or digital banks) soon to be launched...
India's HDFC Bank posts $1.2b in Q3 profit
Gross bad loan ratio shrank to 0.8% at end-December.
OCBC launches COVID-19 employee vaccine support programme
The bank will provide vaccine education as well as support for side effects.
Indonesia's BRI to raise $1b in rights issue
It wants to strengthen its capital base for possible acquisitions.
Indian central bank drafts scheme for Lakshmi Vilas, DBS India merger
DBS will inject $345m into DBIL if the scheme is approved.
Weekly Global News Wrap: Full pandemic impact on Europe banks unclear til 2021; England mulls new capital rules for small banks
And Spain's BBVA sells US business to PNC Financial Services for $11.6b.
Earnings boost for Australian banks in 2021, but headwinds persist
Deterioration in asset quality will likely emerge in 2021.
Rough road ahead for big three banks after improved Q3
OCBC, DBS, and UOB’s earnings rose in Q3—but 2021 presents a tough test as fiscal, monetary relief gets withdrawn.
Westpac to exit China, other Asian markets
It will consolidate operations into branches in Singapore, London, and New York.
Philippine banks remain firm, but headwinds loom: Fitch
Weak local consumption and high credit impairment are fanning the fire.
How Citi ASEAN's workforce champion adaptability, diversity
Joel Fastenberg talks about how Citi rose to the challenge of digitization, work-from-home and diversity.
Singapore regulator probing reports on suspicious bank transfers
An appropriate action will be taken based on its own review.
CIMB Bank to open branches in Malaysia over two weekends
This is to facilitate financial aid to clients upon the expiry of the loan moratorium.
Recovery still not in sight for ASEAN banks
Operational green shoots remain vulnerable as borders are still closed.
Philippine banking system edges closer to a digital revolution
The market has qualities favorable for virtual banks to thrive.
Chinese banking sector's net profits down 24.6% YoY in Q2
Improvement in sight for H2, but lenders may face capital shortfall.
Commentary
From automation to agency: Asia’s wealth leaders can reinvent, not just streamline
Singapore aced its FATF evaluation — now comes the hard part
Are Asia’s digital banks prepared for the stablecoin era?
Why APAC is building home-currency stablecoins
Why Southeast Asian wealth managers must design the business before buying the technology
Why trust in Asian banking increasingly gets built off the record
Hong Kong cleared stablecoins for take-off. Getting them to work across Asia is the hard part
The financing challenge behind Asia’s wealth transfer
Banks need to rethink identity governance for AI agents
From stablecoins to sovereignty: The rise of trust-based digital dollar systems