綠色BN
2014-07-09

Banking News This Week – Jul 9

The top 5 banking news stories in emerging markets this week.
banking-news_cover
1 -Mobile banking numbers to exceed online banking by 2019
New findings from Juniper Research finds that over 1.75 billion mobile phone users will have used their devices for banking purposes by the end of 2019, compared to 800 million this year.
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2 – India’s Second Largest Bank To Launch South Africa, Mauritius Units
ICICI Bank, India’s second largest bank by assets and Market capitalisation has revealed plans to launch a fully functioning unit in South Africa and Mauritius.
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3 – Banking crisis and slowdown imminent in China, but regional impact will be limited
While China’s economy will grow much less in the aftermath of an imminent banking crisis, the slowdown is not likely to have a substantial impact on neighboring countries. This is according to Mr Richard Jerram, the chief economist at the Bank of Singapore, who shared his views on economic outlook today (July 3).
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4 – Japan Banking on Southeast Asian Consumers
The region’s growing consumers represent a new avenue for growth as companies shift investment. The shift in investment from China to Southeast Asia for Japan has been steadily increasing. The Japan External Trade Organization (JETRO) reported in April that Japanese businesses invested 2.33 trillion yen (roughly $22.8 billion) in Vietnam, the Philippines, Singapore, Thailand, Malaysia and Indonesia in 2013, and invested 887 billion yen in China.
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5 – Ernst and Young study optimistic on Malaysia economy and banking
Malaysian banks reported an average net interest margin (NIM) of 2.5 per cent and expect price competition on loans to both retail and business sector to be an industrywide challenge next year, says Ernst and Young Malaysia (EY Malaysia). 
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  By April Wu 
  China Market Strategy

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