綠色BN
2016-05-19

Banking News This Week – May 19

The top 5 banking news stories in emerging markets this week.
banking-news_cover
1 – RHB eyes Indonesian commercial banking sector
RHB Capital Bhd (RHBCap), the country’s fourth largest banking group, plans to go into commercial banking in Indonesia, possibly via mergers and acquisitions (M&As). >>

2 – SCB strives for bigger footprint in VN
VIETNAM’S booming economy is beckoning foreign investors, including Thais, so Thai banks have decided to inject more capital here to support Thai business activities and accelerate loan growth. >>

3 – VN could become upper-middle income nation
Viet Nam could reach upper-middle income status (US$22,000 purchasing power parity per capita) by 2035 by growing with sustainability, equity and social inclusion, and being a capable and accountable State, a World Bank official has said. >>

4 – Fitch: FinTech to bring big opportunities, risks for Asia banks
Large unbanked populations in countries such as India, and the emergence of tech-savvy middle classes in countries such as China, Indonesia and the Philippines, will offer significant growth opportunities for “FinTech” companies. >>

5 – ‘Ground Breaking’ Mobile Payments Ecosystem To Boost Financial Inclusion In South Africa
MobiCash and Boloro are launching their ‘ground breaking’ mobile payments ecosystem in the townships of South Africa with Big Save Group, one of the largest wholesalers operating within South African townships and servicing tens of thousands of small scale spaza shops. >>


  By April Wu 
  China Market Strategy

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