Retail Banking

Philippine banks scramble after Korean shipbuilder default

The country’s five biggest banks have a $412m loan exposure.

Philippine banks scramble after Korean shipbuilder default

The country’s five biggest banks have a $412m loan exposure.

Malaysian banks hike salaries by up to 12% for 20,000 employees

Banks also have to grant 0% interest for the first $24,414 in staff housing loan.

UOB renews bancassurance deal with Prudential for 15 years

The bank will continue to the latter's products in five Asian markets.

Looming loan slowdown threatens Malaysian banks' 2019 earnings

Lending is tipped to moderate to 5.1% in 2019 from 5.6% in 2018.

Chart of the Week: Singapore bank revenues may rise 9% in 2019

Loans and balance sheet leverage will be the growth drivers.

OCBC rolls out free online will writing service

Singapore residents and citizens aged 21 and above can prepare their own wills within 10 minutes.

India's Bandhan Bank gears for $11.7b merger

The deal will create one of India’s largest rural and semi-urban lending platforms.

Singapore banks' earnings turnaround hit by steep funding costs

NIMs have inched up by 2-12 bp since 2015 even as the 3M SIBOR soared 58bp.

Chart of the Week: New Zealand proposes ambitious $9b bank capital buffers

The central bank is putting forward a prudential capital buffer of 9-10%.

China's fintech ecosystem is scaling faster than the US and Europe

Outside of China, fintechs are only able to disrupt one vertical unlike Alipay or WeChat Pay.

More than half of Hong Kong banking professionals willing to work in GBA cities

Those employed in senior management positions are the most willing to transfer.

Philippine banks' bad loan ratio to hold steady at 3.5% in 2019

Strong capital buffers can help weather volatile currency risks.

Australia's big banks profited $792m by subverting mortgage cap: regulator

The banks were accused of accomodative pricing behaviour.

Dementia sufferers catch Japanese banks off guard

Japanese residents with dementia will hold $2t in financial assets by 2030.