bank analysis
Axis Bank’s Citi purchase to improve profits long-term: S&P
Axis Bank’s Citi purchase to improve profits long-term: S&P
Positive effects will only be felt starting fiscal year 2025 and onwards.
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.
Indonesia’s big four banks’ asset qualities remain under pressure in 2022
The banks’ credit costs are sighted to remain elevated.
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.