綠色BN
2016-09-21

Banking News This Week – Sep 21

The top 5 banking news stories in emerging markets this week.
banking-news_cover
1 – Malaysian banks spur Cambodia’s growth
Malaysian banks like Public Bank and Maybank are reaping good profits from their foray into Cambodia, including offering affordable housing loans that is strict in Malaysia at present. >>

2 – Shinhan Bank starts operation in Myanmar as first Korean bank
Shinhan said on Sept. 20 that it has opened its Yangon branch in Myanmar to start its operation for customers for the first time as a Korean Bank. >>

3 – Banks, telco regulator create five step m-banking security plan for Thailand
The National Broadcasting and Telecommunications Commission (NBTC) hosted a meeting with representatives from the Bank of Thailand, the Thai Bankers Association and the Telecommunications Association of Thailand. The participants have agreed on a five-step plan to tighten Know Your Customer (KYC) rules to increase confidence in eBanking and mobile banking in the run up to the launch of Thailand’s Promptpay national mobile payments system. >>

4 – How PH can keep up with Asean neighbors
The Philippines would need to improve infrastructure, facilitate ease of doing business, streamline government services, and cut red tape to attract more foreign investors into the country. >>

5 – Banks come under pressure over expensive M-Pesa loans
KCB and Commercial Bank of Africa face consumer class-action intended to compel the lenders to cut their M-Pesa based loans in line with the new interest rate caps which took effect. >>


  By April Wu 
  China Market Strategy

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