April Wu

China Market Strategy

April 29, 2015

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Banking News This Week – Apr 29

The top 5 banking news stories in emerging markets this week.

1 – Standard Bank aims for growth in Africa

Standard Bank is working on growing headline earnings in its personal and business banking division in the rest of Africa to just more than a R1bn in the next three years — it expects to achieve this through organic growth. >>

2 – (Video) Mobile money revolutionises East Africa’s banking sector

Most banks in the East African region recorded strong balance sheet growth, with bank loans growing at more than 20 per cent across the region, supported by strong domestic and regional macro-economic environment. >>

3 – Indonesia Bank Mandiri Can Open Branches in Malaysia

State-controlled Bank Mandiri, the leading bank in Indonesia in terms of asset size, will be allowed to open 20 branches in Malaysia after financial authorities in Indonesia and Malaysia signed an agreement. >>

4 – Asia’s homegrown PayPal challenger 2C2P raises US$7M Series C

Underpinning it all is Southeast Asia’s bouyant B2C e-commerce market, growing from US$7 billion in 2013 to a projected US$34.5 billion by 2018. >>

5 – The positions of three major banks in Vietnam after mergers

How will the position of the three state commercial joint stock banks in Vietnam – Vietinbank, Vietcombank, BIDV – change after their mergers? >>

Also worth reading:

Mobile Banking Boom In Emerging Markets
(Video)Doing Business In Emerging Markets – Banking Sector
4 Chinese Internet Companies Betting On Mobile Banking
Banks Tapping New Potential in Asia