News

Australian banks' profit growth to moderate in the coming months

Rising credit costs and slower credit growth are partly to blame.

Indonesian banks' funding costs expected to rise as government requires higher interests

Minimum deposit rates increased from 70% to 87% of the BI’s reference rates.

Indian regulators intensify efforts to solve banks' bad loan problems

Asset resolution will be a dominant theme in the sector over the next few years.

China regulator launches emergency risk assessments for banks' lending practices

It will include the banks' issuances of negotiable certificate of deposits.

Korean banks' asset quality feared to deteriorate further

Capital ratios may also decline, with downward pressure from low profitability.

Fintech Enov8 allows banks to track and reduce their IT resources

Enov8 saved one Australian bank over $40 mn identifying duplicate and underused resources and licenses.

Singapore banks' wealth investments finally pay off

Higher income from wealth operations helped banks offset bad loan provisions.

Basel III implementation to be delayed in Asia Pacific

Regulators in the region are reluctant to take the lead.

Australian banks to be hit by a $6.2b tax hike

The country's Big Four will have to pay up to $400m each every year.