News

China's new loan prime rate to further hurt banks' profitability

The decline in average loan yields will deepen as more loans are repriced.

China's new loan prime rate to further hurt banks' profitability

The decline in average loan yields will deepen as more loans are repriced.

PBOC injects cash into banks to ease stress

It added $101b (CNY700b) of one-year funding via the medium-term lending facility.

South Korea may extend eased liquidity rules for banks: report

The foreign exchange liquidity rules are eased until September.

Chart of the Week: Japan card payments to grow 2.1% in 2020

Pandemic-related fears is crippling away at cash payment’s dominance.

China's P2P online lenders owe over $115b to investors

They have also dropped to just 29 across the country.

Relief extension for Chinese shadow banks beneficial but limited: Fitch

It will not offset the impact of investor risk aversion.

Improvement in sight for India's shadow lenders

But concerns still remain amongst investors amidst asset quality concerns.

EY Asean managing partner on banking in the pandemic and falling use of cash

Asian Banking and Finance welcomes Liew Nam Soon, EY’s Asean regional managing partner, on to the judging panel for the 2020 ABF Awards.

Banks' loan delinquency rate falls to record low in June: report

Delinquency rate for loans extended to both companies and households declined.

PwC's John Dovaston on digital banking, contactless payments, and driving growth in a pandemic

The consultancy’s Asia-Pacific financial services leader says he is excited to be part of the judging panel for the ABF Awards in 2020.

Australia's wealth managers lower fees as robo-advisory takes flight

HNW clients are losing trust that the traditional way yields the best returns.

Chart of the Week: Pandemic spurs card payments growth in Singapore

Backing from banks and merchants has made contactless payments mainstream.

Retail financing to anchor Malaysian Islamic banks amidst downturn

Financial growth will drop but will remain higher due to Islamic banking expansion.

Malaysia's need for financing will keep sukuk market afloat: Moody's

Sovereign sukuk issuance soared 39.2% on COVID-related budget pressures in H1.

Hong Kong banks move to avoid US sanctions

At least one US bank has suspended accounts linked to affected officials.

Majority of Singaporeans now take professional financial advise: study

More than 80% said that they now prioritise seeking financial advice before a major decision.