April Wu

China Market Strategy

August 12, 2015

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Banking News This Week – Aug 12

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

1 -Absa first SA bank to launch Apple Watch app

The bank, a subsidiary of the Barclays Africa group, is the first in the country to launch something aimed specifically at Apple Watch owners. >>

2 -(Video) Direct foreign investments boosts E.Africa’s banking sector

Direct foreign investments continue to play a critical role in shaping the financing landscape of East Africa, especially in providing longer tenor and cheaper foreign currency funding to banks which has allowed them to expand their financing activities targeted at Kenyan banks. >>

3 – Another Asian bank could enter market

ANOTHER Asian bank could secure regulatory approval this week to set up shop in the country after rules on the entry of offshore lenders were liberalized last year, a senior Bangko Sentral ng Pilipinas (BSP) official said. >>

4 – CIMB Group to establish banking services in Vietnam

The approval by the central State Bank of Vietnam allows CIMB to establish and operate a wholly owned subsidiary, offering a comprehensive range of wholesale, commercial and consumer banking products and services to the nation of more than 90 million people and its clients across Asean. >>

5 – Banking Nigeria’s women

Nigeria plans to halve the current population excluded from affordable financial products by 2020. This will see financial inclusion reaching 80 percent of the population. >>

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