News

Philippine banks on alert following Malaysian cyberattack

The central bank cautioned local banks especially during the long holiday.

Philippine banks on alert following Malaysian cyberattack

The central bank cautioned local banks especially during the long holiday.

Singapore banks' loan growth hits 3-year high

Higher credit card and car loans pushed bank lending up.

Myanmar now lets foreign banks provide export financing services

Still, they are prohibited from providing basic retail transactions amidst the reform.

Is Islamic financing the future of Malaysian banks?

It grew 10.3% unlike conventional banks which rose marginally by 1.7% in 2017.

Indonesia imposes new capital surcharge for top lenders

Banks must deal with surcharge of 1% to 3.5% of risk weighted assets.

China's big banks profits surge 4.9% to $30.5b in 2017

ICBC, CCB, and Agricultural Bank of China all posted improved profitability.

Korean banks net income rose 23.9% to $807m in 2017

Cash inflow from overseas business in China ballooned 389.3% to $110.9m.

Singapore banks net profit surge 27% in Q4 as they embrace fintech

The country is home to 39% of fintech firms in the ASEAN.

Japanese banks' US dollar assets balloon 88% to $2.5t in 2017

They have become the most significant, non-US dollar banking player in terms of size.

More than 70 delegates graced the Retail Banking Forum 2018 in Jakarta

The forum focused on digital transformation and emerging technologies.

14 Thai banks collaborate to develop shared blockchain platform

The banks make up the Thailand Blockchain Community Initiative.

9 in 10 Singaporeans want to use fingerprint and facial recognition in banks

Only 1 in 5 are currently using the technology in banking services.

Chart of the Week: Here's how the younger generation in China pushes fintech growth

They are likely to help the continued penetration and popularity of e-payment systems.