April Wu

China Market Strategy

January 25, 2017

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Banking News This Week – Jan 25

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

1 – KBank keen to buy Indonesian banks

THAILAND’S fourth-largest bank, Kasikornbank (KBank), is exploring the possibility of acquiring banks in Indonesia, but acknowledges this is a challenging goal due to the Indonesian regulator’s rules concerning foreign ownership of local banks. >>

2 – Peer-to-peer lending needs big data to have a future

This new system allows individuals to lend to each other online and removes the intermediary (bank) in between. >>

3 – Bright prospects seen for digital banking in Vietnam

According to a report discussed at a workshop held recently in HCM City, Vietnam posts an internet growth rate of 9% a year, ranking 15th in the world. The number of internet users accounts for 52% of the country’s population. About 44% of customers at commercial banks have used digital services. >>

4 – Thai digital-payment system may save banks $2 billion

Thailand is due to roll out a national digital-payment system that levies much smaller transaction fees than the nation’s banks. Yet lenders expect the network to help rather than hinder them financially. >>

5 – Bank of Africa branch closures shine light on fragile industry

The announcement of 12 branch closures by Bank of Africa Group has once again cast a spotlight on the fate of bank employees in the wake of last year’s interest rate cap that dimmed the industry’s outlook. >>

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