Retail Banking
Property exposure risks remains Cambodian banks’ Achilles heel: analyst
Profitability will remain under pressure due to stiff competition and high costs.
Property exposure risks remains Cambodian banks’ Achilles heel: analyst
Profitability will remain under pressure due to stiff competition and high costs.
Australia to amend retail payments regulation in 2024: governor
Reforms will include better cost transparency from BNPL, mobile wallets.
APAC emerging banks’ profits to benefit from higher rates in 2024
Expect some minor asset-quality deterioration, however.
Foreign banks in China grapple with asset quality stress, regulation fluctuations
Their assets make up 1.3% of the system as of H1 2023.
Indonesia, Korea unveil operational guidelines for local currency transactions
This is part of the two countries’ agreement to promote bilateral transactions in local currency.
SC Thai to maintain robust capitalisation, but profitability volatile: expert
The bank is expected to receive support from its parent SC in case of times of need
Gen AI to add up to $340b new value to banks: McKinsey
It will add $56b and $54b in new value to corporate and retail banking, respectively.
Weekly Global News Wrap: US regulator warns of BNPL risks; Citi overhaul to cost $1b, done by Q1
And Moody’s put Hong Kong and Macau banks on downgrade warnings.
SMBC India names Sandeep Chopra as head of corporate coverage
Chopra reports to Rakesh Garg, chief business officer of SMBC India.
Banks face negative outlook in 2024 amidst bad loans, higher costs
ASEAN banks, however, will benefit from policy changes arising from geopolitical tensions.
Shinhan Bank Japan’s profits to decline, but asset quality stable in 2024
Loan concentration in the real estate investment segment remains a risk.
Robust profits, lower credit costs to buoy Indonesia’s banks in 2024
The sector's profitability has surpassed pre-pandemic levels to reach 2.7%.
Korea’s Woori Bank faces lower profits, rising credit costs in 2024
Capitalisation, funding, and liquidity are expected to remain stable.
Japan’s SMFG names Toru Nakashima as CEO
Nakashima retired from SMBC in April 2022, but returned to the company in 2023.
Higher risk of defaults on the horizon for Thai banks
Household leverage has reached “unsustainable levels”, says S&P Global Ratings.
Philippine banks to see higher credit demand but lower earnings in 2024
The bad loan ratio is expected to deteriorate, but it should be manageable.
Banks to see $1.68t of credit losses in 2024-2025
Banks globally are expected to lose $824b in credit losses in 2024.