Lending & Credit
Singapore bank profits to peak in 2023, but high rates will dampen lending
Margins will peak mid-year, but loan demand is falling.
Singapore bank profits to peak in 2023, but high rates will dampen lending
Margins will peak mid-year, but loan demand is falling.
UOB’s Jacquelyn Tan on triumphing over expectations, biases to succeed in the banking industry
Tan shares how she leads 7,000 people across the region and her thoughts on women in banking.
ING closes Ant Group’s $400m sustainability-linked derivative
Ant Group will receive rebates from ING when it achieves its sustainability targets.
Korean banks' household loans extend decline whilst corporate loans slow
Loans extended to local SMEs rose rapidly in February.
Public Bank offers repayment relief to Malaysia flood victims
Customers affected by the floods can defer monthly loan payments for up to 6 months.
Australia’s mortgage arrears to rise as interest rates erode borrowers’ savings
Many lenders have seen a sharp rise in prepayment rates.
Citi completes sale of Vietnam retail banking, credit card units to UOB
This includes the turnover of approximately 575 related staff.
Thais should invest in Japan’s real estate amidst yen depreciation: Bangkok Bank
Yen has depreciated by up to 30% so far, offering great opportunities for clients to invest.
South Korea’s chief financial regulator urges banks to reduce interest income dependence: report
Lee Bok-hyun said the FSS is looking for ways to encourage lenders to diversify income streams.
Weekly Global News Wrap: US regulators warn banks on liquidity risks from crypto deposits; Wells Fargo lays off hundreds of mortgage bankers
And Europe bank stocks could still rally higher, analysts said.
High interest, lower demand to temper Bendigo and Adelaide Bank’s loan growth
BEN saw its loan growth contract 1.1% in H2 2022.
Rising mortgage prepayment trend pressures Chinese banks’ profits
Households are taking a more conservative stance on home loan leverage, noted Fitch Ratings.
China’s reopening to boost Thai banks’ loan quality
The upsurge in tourism will spur the economy, and improve businesses’ repayment capabilities.
Commonwealth Bank of Australia’s earnings to remain robust over next 2 years: S&P
Housing risks lessen as local house prices continue its correction.
China’s new risk classification to improve banks’ transparency over bad loans: S&P
S&P estimated an NPA ratio of 7.6% as of end-2022 vs reported NPL ratio of 1.71%.
High interest rates carry DBS to record net profit of $6.14b in 2022
Total income surpassed S$16b for the first time in the bank’s history.
How digital mortgages will overhaul traditional banking models
Traditional banks will have to overhaul their branch-based models to appeal to modern homebuyers.