綠色BN
2015-03-11

Banking News This Week – Mar 11

The top 5 banking news stories in emerging markets this week.
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1 – More Asian consumers going online for banking transactions
Digital banking is gaining traction across Asia, a multinational consultancy firm said in a study, with more developed economies in the region leading the shift as emerging markets, the Philippines included, follow suit.  >>

2 – Barclays Africa eyes faster expansion
BARCLAYS Africa Group is intensifying its expansion into the rest of the continent with applications for licences in several countries.  >>

3 – Bank earnings boost Nigerian market
Lifted by the banking sector, the NSE All Share Index finished last week with a 2.3 percent gain as investors reacted to the release of full year earnings by Zenith Bank and GT Bank. >>

4 – Philippines lags behind in digital banking in Asia – study
While most consumers in Asia are moving into digital banking, the Philippines is still lagging behind in digital banking penetration among Asian countries, a study by consulting firm McKinsey showed.  >>

5 – Malaysia banks confronting cyclical headwinds
Malaysia banks are believed to be facing cyclical headwinds in the form of slower economic growth and NIM pressure. >>


  By April Wu 
  China Market Strategy

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