bank analysis

Bank of China shifts attention back to mainland for growth: S&P 

Traction from its wealth management business will support profits.

UOB net profits jump 40% to S$4.075b in 2021

Wealth management and loan fees hit record highs.

Philippine banks’ credit costs to further decline in 2022

Profits are expected to strengthen throughout the year as the economy recovers.

Recent rate cuts to shave off $7.2b from Chinese banks’ net interest income

The impact on mortgage loans will not be felt until January 2023.

Why banks need more tech experts in their board rooms

Massive adoption of tech without critical tech advice from experts could spell doom for lenders.

Malaysia’s Kenanga Investment Bank appoints non-independent non-executive director

Choy Khai Choon also serves as independent non-exec chairman at Zurich Life.

CIMB Bank PH's gross transaction value triples in nine months

The bank now has nearly 5 million customers in total, and almost 1 million lending customers.

Japan’s new PM a positive for banks’ earnings outlook: Jefferies

Banks’ credit costs are expected to undershoot their guidance.

Expect failures amongst Hong Kong’s virtual-only banks: S&P

Digital lenders are currently at a loss-making and some may fold over the next few years.

Bank of China’s diverse portfolio to weather default storm over next two years

BOC’s non-performing asset ratio is expected to steadily decline in the next 24 months.

More mergers of small Australian banks imminent: analysts

Two mergers were announced in August alone, and as regulatory costs remain high, more might seek to consolidate.

Ping An Bank profits up 45% in Q2, but NIM contraction to continue

Whilst fee income and loan growth is robust, capital position weakened.

Security Bank posts net profit of $61.35m in H1

Net interest income and non-interest income both fell compared to H1 2020.

India’s COVID surge to impede borrowers’ debt repayment capacity: Moody’s

The economy will return to growth by end of the fiscal year, but asset quality will remain in doldrums.

Improved outlooks on the horizon for Chinese finance companies

Policies to slow debt growth and control property prices appear to be working, abating economic risks.