News

Asian bankers face ‘new normal' as they return to offices

Despite the measures, some have expressed relief at physically seeing their colleagues again.

Asian bankers face ‘new normal' as they return to offices

Despite the measures, some have expressed relief at physically seeing their colleagues again.

Indian banks want government to fund ‘bad bank'

They are pitching for an asset reconstruction company to buy NPLs.

China's central bank to run medium-term loan operations

A batch of $28.b in loans will expire on 14 May.

Australian banks' cash earnings drop 42.6% YoY to $5.4b

Sector braces for more uncertainty as banks cancel or defer dividend payouts.

Philippine banks' credit losses to rise threefold in 2020

Credit costs in select banks have already increased by up to 4.9%.

Singapore's Big Three banks fell in Q1 as pandemic persists

Compressed net interest margin and rise in non-performing loans are to be expected, according to analysts.

Australian banks defer $130b in loans

100,000 loans were deferred in the past week.

Rising overdue loans imperil Vietnamese banks' capital

Delinquencies are likely to further rise as economic outlook remains gloomy.

OCBC's Q1 profit plunges 43% YoY to $698m

Banking and insurance operations suffered tremendous losses.

Volatility spells investment losses for Thai non-bank financial firms

Higher NPLs and credit costs may set in once measures expire.

Chinese banks still see long-term stability ahead

The sector is cushioned enough to absorb eroding asset quality.

UOB's net profit down 19% to $855m in Q1

Total impairment charges skyrocketed 96% to $286m.

2020 tipped to be the worst year for China's retail savings and investments

Losses will affect China’s high net worth segment significantly.

Chart of the Week: China's consumer lending market growth to stall at 6.2% in 2020

This is ten percentage points lower than the 16.3% growth recorded last year.