April Wu

China Market Strategy

August 20, 2014

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Banking News This Week – Aug 20

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

1 – Vietnam : Survey points to banking growth despite bad debt

Nearly 94 per cent of Vietnamese bankers expect an improved financial performance, but bad debt levels remain a concern, says a study on the banking sector. >>

2 – Africa Poised For Further Growth With Increasing Intra-regional Trade

SWIFT, in a research on cross-border payments has indicated that African countries carry out about 23 percent of their trade with one another, a percentage higher than the 15 percent estimate by the World Bank and African Development Bank (AfDB). >>

3 – Indonesia eyes Islamic finance expansion

A blueprint being drawn up for Indonesia’s Islamic finance industry may include incentives to help revive the domestic market for sukuk (Islamic bonds), the capital market regulator said.  >>

4 – Asian Banks Face Dearth of Deposits

Asian banks are finding deposits harder to come by, posing a risk to economies increasingly dependent on credit for growth. >>

5 – Luxury brand retailer SSI Group seeks SEC nod on IPO

The company responsible for bringing global brands like Lacoste and Hermès into the Philippine stores is aiming for an initial public offering and listing on the Philippine Stock Exchange to finance the expansion of its retail business and take advantage of the expanding Filipino middle class. >>

Also worth reading:
Will Mobile Banking End Branches?
4 Chinese Internet Companies Betting On Mobile Banking
Banks Tapping New Potential in Asia