April Wu

China Market Strategy

March 11, 2015

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Banking News This Week – Mar 11

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

1 – More Asian consumers going online for banking transactions

Digital banking is gaining traction across Asia, a multinational consultancy firm said in a study, with more developed economies in the region leading the shift as emerging markets, the Philippines included, follow suit.  >>

2 – Barclays Africa eyes faster expansion

BARCLAYS Africa Group is intensifying its expansion into the rest of the continent with applications for licences in several countries.  >>

3 – Bank earnings boost Nigerian market

Lifted by the banking sector, the NSE All Share Index finished last week with a 2.3 percent gain as investors reacted to the release of full year earnings by Zenith Bank and GT Bank. >>

4 – Philippines lags behind in digital banking in Asia – study

While most consumers in Asia are moving into digital banking, the Philippines is still lagging behind in digital banking penetration among Asian countries, a study by consulting firm McKinsey showed.  >>

5 – Malaysia banks confronting cyclical headwinds

Malaysia banks are believed to be facing cyclical headwinds in the form of slower economic growth and NIM pressure. >>

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