綠色BN
2017-02-22

Banking News This Week – Feb 22

The top 5 banking news stories in emerging markets this week.
banking-news_cover
1 – A new financial player in Africa
Foreign-owned banks have dominated the banking sector in Africa for decades, but by and large they have failed to fully grasp the opportunity. >>

2 – More PH firms turn pessimistic
More Filipino businesses have turned pessimistic about prospects this year as they brace for the impact of the Trump administration’s protectionist policies, banking giant Standard Chartered Bank said. >>

3 – Fintechs spur top Thai bank to create new payments platform
Kasikornbank Pcl, Thailand’s largest bank by revenue, plans to introduce a new digital-payments platform by the end of 2017 to counter threats to fee income from rival transaction networks. >>

4 – VN, Cambodia state banks foster ties
Governor of the State Bank of Vietnam (SBV), Le Minh Hung, and Governor of the National Bank of Cambodia (NBC), Chea Chanto, have agreed to step up co-operation between the two banks. >>

5 – Digital banking will boost financial inclusion – CBA Group boss
Many Rwandans are increasingly embracing mobile banking as the country moves toward a cashless economy. >>


  By April Wu 
  China Market Strategy

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