Pre-tax profits at three of the four largest banks in the country have been falling since 2017.
Asia-Pacific
Mongolian banks’ ROE continues bumpy ride
November 5, 2021The country’s economy is heavily dependent on commodities, leaving the banking sector susceptible to fluctuations in commodity prices.
Pandemic slows financial services FDI into Australia
November 3, 2021Financial services and fintech investment surged in 2019, but the onset of Covid-19 led to a drop-off in projects in 2020.
World
/ Asia-Pacific
/ China
China’s push into Latin America
November 1, 2021China’s economic expansion into Latin America has raised questions about the motivation behind such investments and the contractual terms.
World
/ Asia-Pacific
/ India
India home to rising number of fintech unicorns
October 27, 2021India’s mobile payments market is forecast to grow 41% annually and be worth more than $2bn by 2024, fuelling a surge in fintech start-ups gaining unicorn status.
Philippine banks ramp up impairment provisions
October 18, 2021Leading banks significantly increased loan impairment provisions last year, ahead of a projected rise in bad loans this year.
World
/ Asia-Pacific
/ Vietnam
Pandemic pauses financial services jobs boom in Vietnam
October 12, 2021Riding on wings of strong economic growth, 6750 financial services and fintech jobs were created in Vietnam in 2018. However, momentum slowed in the past two years and has not yet recovered.
Cambodia’s pre-pandemic boom drives banks’ total assets
October 11, 2021The south-east Asian country was one of the fastest-growing economies in the world prior to Covid-19.
World
/ Asia-Pacific
/ China
What risks does Evergrande pose for China's banking sector?
October 9, 2021As the debt-laden Chinese developer stands on the brink of collapse, the fallout poses risks across the financial system.
Regulatory fears hit Hong Kong's stock market
October 6, 2021The Hang Seng Index has been the worst-performing stock market in Asia this year amid concerns over anti-sanctions law.