April Wu

China Market Strategy

November 4, 2015

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Banking News This Week – Nov 4

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

1 – EastWest continues rapid network expansion

Manila : One of the fastest-growing banks in the country today, the bank plans to open 20 to 30 new branch stores in 2015, mostly in tertiary locations, to capitalize on the anticipated economic growth in rural areas. >>

2 – Mergers, acquisitions important move in restructuring banking system: experts

What is new in 2015, the last year of the three-year project on restructuring the banking system, is the acquisition of small healthy banks by major State-run commercial banks, the World Bank said in a recent report on Vietnam’s economic development. >>

3 – Smartphone boom will drive African data explosion

Vodacom chief executive Shameel Joosub says that the availability of low-cost handsets opens up huge markets for media and financial products on a continent that embraced the cellphone at an incredible rate. >>

4 – Biggest Kenyan bank seeks to strengthen east Africa position

Kenya Commercial Bank Ltd., the country’s biggest lender by assets, is seeking to strengthen its position in three countries in the region to expand its international presence. >>

5 – South Africa’s Standard Bank opens office in Ethiopia

South Africa’s Standard Bank has opened an office in Ethiopia, it said on Friday, to gain a foothold in one of Africa’s fastest growing economies where foreign lenders are not allowed to own banks. >>

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