綠色BN
2016-06-30

Banking News This Week – Jun 30

The top 5 banking news stories in emerging markets this week.
banking-news_cover
1 – Philippine:AUB to double branch network
REBISCO group-led ASIA United Bank seeks to become a more significant player in the banking system by doubling its branch network while maintaining its long-term profitability at around 10-15 percent return on equity. >>

2 – RHB Bank eyes the affluent
Bank sees huge potential in this under-serviced segment and hopes to leverage on its regional links and expertise to help grow their investments. >>

3 – Forbes announces Vietnam’s 40 most valuable company brands
In the banking and financial sector, besides the three banks in the top 10 brands are other names: MBBank ($61.7 million), Phu Nhuan Jewelry (PNJ – $53 million), Techcombank ($39.7 million), Sacombank ($47.6 million), VPBank ($37.7 million), and ACB ($25.3 million). >>

4 – Korean banks lagging behind Asian rivals
Korea stands at rock bottom in terms of bank profitability and efficiency among major Asian countries, according to McKinsey & Company. >>

5 – African phones open bank doors
Cellphones and rising connectivity in Africa will give rise to a new market in mobile financial services, creating explosive opportunities for business on the continent, according to research. >>


  By April Wu 
  China Market Strategy

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