The BSP is proactively approaching local and foreign lenders to ascertain whether they are interested in establishing Islamic banking units.
April 1, 2021Separately, new legislation is under development to expedite the digital banking sector, targeted to pass by the end of 2020.
September 6, 2020S&P Global Ratings says the new coronavirus outbreak will add to the challenges Hong Kong banks already face amid social unrest, US-China trade tensions, and China's economic slowdown.
February 3, 2020The new charter bolsters the BSP's powers to exercise its core mandate of promoting a sound financial system and address risks arising from the financial system's interconnectedness.
March 4, 2019Chinese banks have the lowest ratio of problems loans among BRICS nations, whereas Indian banks suffer from weak asset quality and profitability.
October 23, 2018Japanese banks face profitability pressures and asset risks, even as liquidity and capitalisation remain robust, the ratings agency said.
October 17, 2018The rating agency has changed its outlook for Indonesia’s banking system to stable for positive on the back of strong operating environment, capitalisation and liquidity levels.
August 13, 2018Moody’s reported that DBS, OCBC and UOB have seen improved profitability and stable asset quality going into the second half of the year.
August 9, 2018Sri Lanka's “weak economic environment” and regulatory reforms may impact banks’ operating environment and credit profiles, says ratings agency Fitch.
July 18, 2018The adoption of Singapore’s equivalent of IFRS 9 will be neutral for bank capitalisation, but changing risk and macroeconomic conditions could lead to varying levels of provisioning, says Moody's.
June 4, 2018