April Wu

China Market Strategy

June 30, 2016

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Banking News This Week – Jun 30

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

1 – Philippine:AUB to double branch network

REBISCO group-led ASIA United Bank seeks to become a more significant player in the banking system by doubling its branch network while maintaining its long-term profitability at around 10-15 percent return on equity. >>

2 – RHB Bank eyes the affluent

Bank sees huge potential in this under-serviced segment and hopes to leverage on its regional links and expertise to help grow their investments. >>

3 – Forbes announces Vietnam’s 40 most valuable company brands

In the banking and financial sector, besides the three banks in the top 10 brands are other names: MBBank ($61.7 million), Phu Nhuan Jewelry (PNJ – $53 million), Techcombank ($39.7 million), Sacombank ($47.6 million), VPBank ($37.7 million), and ACB ($25.3 million). >>

4 – Korean banks lagging behind Asian rivals

Korea stands at rock bottom in terms of bank profitability and efficiency among major Asian countries, according to McKinsey & Company. >>

5 – African phones open bank doors

Cellphones and rising connectivity in Africa will give rise to a new market in mobile financial services, creating explosive opportunities for business on the continent, according to research. >>

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