News

New NPL formation eased for DBS by 63%, 24% for OCBC, and 1.9% for UOB.

DBS, OCBC, and UOB all registered double-digit growth in fee income.

Instead of collecting income proof, banks may use big data and other fintech.

Residential credit accounts for more than 60% of the banking system’s overall credit.

And Greece's top banks would lose $18.6b of capital under stress.

Assets under management exceeded $15.69t.

The country’s regulator has granted fintech bank Volt license to operate.

The banks violated proper lending practices amongst other multiple transgressions.

This represents the fourteenth consecutive month of double-digit annual growth.

DBS and UOB posted sequential 5bps and 3bps widening respectively in Q1.

Over a third of businesses expect trade finance demand to rise in the coming year.

It enhances transparency and comparability requirements.

Accounts with specified maturity dates rose 11.8% for ICBC, 7.5% for CCB, and 6.2% for ABC.

The country’s ultra wealthy are shunning property and gold and turning to equity and debt investments.

Loan approvals on a 3M MA basis fell from 12.6% to 5% in March.

Intense shadow banking crackdown has reinvigorated on-balance-sheet activity. China’s banking system assets plunged from 16.5% in 2016 to 8.7% in 2017 to represent the first drop to single-digit growth in more than a decade, according to a report from Moody’s Investors Service, reflecting the ongoing transition of banks to on-balance-sheet activities like loans. Loan growth clocked in at a steady 12.1% which makes last year the first year since 2013 that loan growth has outpaced asset growth. The welcome development comes as China intensifies its shadow banking crackdown as regulators step up oversight and incorporating related rules in their Macro Prudential Assessment (MPA).