The accountholders of two merging banks will be able to maintain their respective accounts as before even after the completion of the merger, the central bank also said in a…
Although the number of people availing banking services is increasing gradually, the pace is insufficient. As a result, nearly three-fourths of those aged over 15 are unbanked.
The guideline, which keeps provisions for both mutually agreed and forced mergers, says priority must be given to continuing the accounts of depositors of the merged entity or…
Thai banks are expected to maintain the current upside momentum in performance despite pressure from asset quality risks, according to Fitch Ratings.
The observation comes weeks after Shariah-based Exim Bank agreed to take over the struggling Padma Bank as part of the Bangladesh Bank's plan to rein in the runaway defaulted…
This achievement comes less than seven years since the inception of South Korea's first online-only bank, K bank, in April 2017. Kakao Bank, commenced operations in July of the…
Beyond just providing designated communication channels, banks are also working to provide more differentiated services suited to foreign customers' needs.
Earlier this month, Thailand’s Ministry of Finance confirmed regulations for authorizing virtual banks, the equivalent of internet lenders in Korea.
Recently, the central bank got down to bringing in much-needed governance to the financial sector, especially the banking industry, where irregularities are rife.
The rising interest rates in the global market in recent times and Bangladesh's macroeconomic instability account for the private sector's repayment outstripping new loans, said…