Retail Banking
Korean banks' 2019 profit to slow to $8.66b as home loans take hit
Residential property prices have been losing momentum.
Korean banks' 2019 profit to slow to $8.66b as home loans take hit
Residential property prices have been losing momentum.
Half of Hong Kong bank users willing to give third-party data access in open banking boost
They are more open to the tech than Australia and UK users.
TMB-Thanachart Bank merger to secure approval by end-January: official
The government approved tax incentives last year to ease consolidation.
Chart of the Week: Chinese bank capital receives boost as asset growth slows
Banks have been shifting to on-balance sheet activities.
Weekly Global News Wrap Up: US big banks' Q4 revenue disappoints amidst weak bond trading; Italian banks face $63b funding crunch
And here's why European Investment Bank is being sued.
Woori Bank adopts financial holding company structure to boost nonbanking arm
It will start working on acquiring REITs and savings banks.
Malaysian bank mergers unlikely to take place in 2019
Lenders still have to work on improving ROEs first.
Chinese commercial banks bad loan ratio hits 10-year high in 2018
Total non-performing loans hit $296.52b (CNY2t) in December.
Philippine bank loans grow 16.8% to $155.85b in November
This represents a slower growth rate compared to October.
Hong Kong banks' 2019 loan growth cut to 2% as trade and mortgage loans take hit
Lending to Mainland firms has been trending downwards to 6.1% in September 2018.
Philippine Business Bank merges with Insular Savers Bank
The deal facilitates PBB’s entry into the microfinance space.
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.
Weekly Global News Wrap Up: Slow start to fintech revolution as only 4 new UK banking licenses issued in 2018; Deutsche cuts bonus pool by about 10%
And an estimated $1t in UK bank assets left Britain following Brexit.
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.