April Wu

China Market Strategy

March 16, 2016

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Banking News This Week – Mar 16

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

1 – Aussie companies eye Asian opportunities

The dairy co-operative is spending up to $300 million on a new factory in western Victoria to help feed the insatiable appetite for infant formula in Asia. >>

2 – Vietnam: Domestic banks look hard for foreign strategic partners

Restrictions in finance and governance force domestic banks to look for support from foreign partners to help them grow rapidly in the context of rising competition from the country’s integration into the world market. >>

3 – Thailand signs bank-access agreements with Malaysia, Philippines

Malaysia’s central bank said on Monday it has signed agreements with its counterparts in Thailand and the Philippines on market access and operational flexibility for lenders, as the Asean countries move towards an integrated banking market. >>

4 – FNB plans to cut 600 jobs, close branches

FirstRand Ltd.plans to close branches and cut jobs at its South African retail-lending unit as customers switch to digital banking and the continent’s biggest lender by market value responds to an economy on the brink of a recession. >>

5 – Best and worst bank brands in South Africa 2016

The latest Brand Finance report on banking shows which South African banks have the most valuable brands in 2016. >>

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