News

Singapore banks face slower loan growth in H1 2020

The big three banks’ are expecting lower loan growth for FY20F on the back of the outbreak.

Singapore banks face slower loan growth in H1 2020

The big three banks’ are expecting lower loan growth for FY20F on the back of the outbreak.

India's share of cash payments will lower to 54.1% by 2023

The government has waived merchant fees on payments through RuPay.

StanChart's earnings recovery to be delayed by COVID-19: S&P

The group’s target 10% RoTE will likely be delayed beyond 2021.

Philippine central bank bolsters small lenders' capital

Small banks should allot a minimum 6% CET1 ratio and 7.5% Tier 1 ratio.

Indonesia mulls BRI merger with two state-owned finance firms

The bank will be integrated with a pawnshop chain and a micro-business money firm.

Philippine central bank to relax rules on ASF, COVID-hit banks

BSP may stagger booking allowance of credit losses and waive penalties.

Chinese banks' latest LPR cut to derail NIMs, profits

Loan prime rate dropped 10 basis points to 4.05% on February 20.

Chart of the Week: China gradually opens up $16.5t card market to foreign players

Card payments value is expected to grow 11% CAGR to $25.9t by 2023.

Japan banks' profits, asset quality further battered by COVID-19 outbreak

Lower interest rates and higher credit costs spell more trouble.

Check out Hong Kong's top fintech deals from 2015-2019

Online brokerage firm Futu Holdings raised $145.5m, the largest deal since 2015.

Coronavirus outbreak pushes back funds for China's state finance firms

But they will continue to get government support given their involvement in public infrastructure.

Malaysia pushes QR-payments adoption to combat cash reliance

The DuitNow QR System is a key factor to drive interest in cashless payments.

Central bank's push for economic support a blow to Chinese banks

The PBOC has depended on banks for debt reprieve to virus-hit firms.

Hong Kong records $2.92b in fintech investments for 2019

WeLab $1.21b funding round was the largest fintech deal for the year.

Singapore's fintech investments hit $1.21b in 2019

It is now the fifth biggest fintech market in APAC.

COVID-19 outbreak may double Chinese banks' questionable loans

The loosening of regulations is a setback on China’s reformation efforts.