綠色BN
2015-06-03

Banking News This Week – Jun 3

The top 5 banking news stories in emerging markets this week.
banking-news_cover
1 – Future of banking in Africa is mobile
“In the next three to five years the vast majority of our transactions will be performed on smart-mobile devices.” Retail banking is experiencing a seismic shift in customer behaviour thanks to the digital revolution that continues to effect fundamental changes in the way businesses and individuals transact. >>

2 – Nigeria: Banking in uncertain times
New capital requirements, electricity sector risks and the impacts of naira depreciation are hurdles banks face while adjusting to a new administration in Abuja. >>

3 – Viet Nam ministry backs wholly foreign-owned bank
The Ministry of Planning and Investment (MPI) has recommended the Prime Minister to direct the State Bank of Viet Nam to issue a licence to Singapore’s United Overseas Bank (UOB).The move is aimed at facilitating the opening of a wholly foreign-owned bank in Viet Nam. >>

4 – Metrobank, Bank of Yokohama tie up to serve Japanese clients
Metropolitan Bank & Trust Co. (Metrobank) and The Bank of Yokohama (BOY) have entered into an alliance to facilitate banking services for Japanese clients in the Philippines. >>

5 – Here’s a Hopeful Sign for Emerging Markets
Emerging market economies have taken a battering. A few have started to revive and there’s hope for others. Are investors right in believing an upturn is coming? Or have they underestimated quite how long lived emerging market bearish cycles can last. >>


  By April Wu 
  China Market Strategy

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