April Wu

China Market Strategy

September 23, 2015

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Banking News This Week – Sep 23

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

1 – Asia at the epicentre of the digital banking shakeup

The rise of the digitally-savvy customer with more sophisticated expectations is also driving change in the way banking as a service is consumed. >>

2 – Malaysia Banking : Staff cuts gather momentum

As economic growth slows, and uncertainties caused by falling commodity prices mount, heads have begun to roll at Malaysian banks. >>

3 – Analysis: Omnichannel, a future for Indonesia banking industry

With omnichannel, bank provides seamless, consistent and unified information on different channels, therefore consumer will experience the same services regardless their selected channels. >>

4 – Philippines : Over 200 new bank branches open in Q2

The Bangko Sentral ng Pilipinas (BSP) has given major banks as well as thrift, rural, and cooperative banks the green light to open more than to 200 branches nationwide in the second quarter of the year. >>

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April Wu

China Market Strategy

September 16, 2015

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Banking News This Week – Sep 16

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

1 – Charting a course in mobile banking

The floating bank is the brainchild of Bank Rakyat Indonesia (BRI), which wants to offer banking and loan services to residents on remote islands belonging to the Thousand Islands province, north of Jakarta. >>

2 – Banks rush to ask for higher foreign-ownership rate

VietinBank, one of Vietnam’s largest commercial banks, is considering raising the foreign ownership ratio to 40 percent. If the bank’s proposal is approved by the State Bank of Vietnam (SBV), it will be the first bank with a foreign ownership of over 20 percent. >>

3 – Bankers target Africa

Standard Bank has sealed a cooperation agreement with South Korea’s Woori Bank and the Industrial and Commercial Bank of China (ICBC) to promote an African focused business venture among the three entities. >>

4 – African banking must innovate to compete

Mainly, these centered on coping with the transition to digital, the need to change their business models, ensuring revenue on transactions and competing with a growing number of non-traditional entrants to the banking market. >>

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April Wu

China Market Strategy

September 9, 2015

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Banking News This Week – Sep 9

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

1 – Kenya’s I&M holdings says plans to buy Giro commercail bank

Kenya’s I&M Holdings said on Monday it planned to buy a locally-owned Giro Commercial Bank for an undisclosed amount. >>

2 – Accessibility to financial services: the key to fighting Africa’s poverty?

Despite being difficult to access, financial services in Africa are a tool in the fight against poverty and increasing development. >>

3 – East Africa emerges as a trade hub

East Africa is emerging as a trade hub to rival sub-Saharan Africa’s two heavyweight states of South Africa and Nigeria, according to analysis by Barclays published on Thursday. >>

4 – ASEAN banks to accelerate branch presence in Viet Nam

The number of banks from ASEAN countries is expected to increase in Viet Nam in the coming years as the domestic banking market opens following the carrying out of regional integration commitments. >>

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April Wu

China Market Strategy

September 2, 2015

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Banking News This Week – Sep 2

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

1 -S. Korean banks go overseas to find new sources of profit

Major South Korean banks are turning their eyes to overseas markets as low interest rates and a policy push aimed at expanding financial services for consumers are making their home turf a difficult place to earn money. >>

2 -500 startups steps into Vietnam to expand its reach in southeast Asia

500 Startups, the U.S.-led VC firm, is continuing its push into Southeast Asia after it hired two partners in Vietnam, a signal that it may be about to launch a local fund for startups the country. >>

3 – Could mobile money be the answer to financial inclusion in the developing world?

With its mobile money segment showing “encouraging growth” in the first half of 2015, leading emerging mobile markets operator in Africa and the Middle East MTN emphasized that “the continued roll-out of MTN Mobile Money and broader financial services remains a priority”. >>

4 – GCC bankers gear up to discuss future of banking technology

More than 450 GCC bankers will come together next month at a leading banking technology and innovation event in Dubai this month. >>

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April Wu

China Market Strategy

August 12, 2015

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Banking News This Week – Aug 12

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

1 -Absa first SA bank to launch Apple Watch app

The bank, a subsidiary of the Barclays Africa group, is the first in the country to launch something aimed specifically at Apple Watch owners. >>

2 -(Video) Direct foreign investments boosts E.Africa’s banking sector

Direct foreign investments continue to play a critical role in shaping the financing landscape of East Africa, especially in providing longer tenor and cheaper foreign currency funding to banks which has allowed them to expand their financing activities targeted at Kenyan banks. >>

3 – Another Asian bank could enter market

ANOTHER Asian bank could secure regulatory approval this week to set up shop in the country after rules on the entry of offshore lenders were liberalized last year, a senior Bangko Sentral ng Pilipinas (BSP) official said. >>

4 – CIMB Group to establish banking services in Vietnam

The approval by the central State Bank of Vietnam allows CIMB to establish and operate a wholly owned subsidiary, offering a comprehensive range of wholesale, commercial and consumer banking products and services to the nation of more than 90 million people and its clients across Asean. >>

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