Three out of four people still unbanked in Bangladesh
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.
Banking crisis
Bangladesh central bank issues guideline on mergers
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…
Despite expected drop in margin, Fitch optimistic on Thai banks
Thai banks are expected to maintain the current upside momentum in performance despite pressure from asset quality risks, according to Fitch Ratings.
Forced bank mergers may be counterproductive: World Bank
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…
Internet-only banks soar past W100tr in assets
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…
South Korean banks compete for foreign customers
Beyond just providing designated communication channels, banks are also working to provide more differentiated services suited to foreign customers' needs.
Will Kakao Bank secure footing in untapped Thai market?
Earlier this month, Thailand’s Ministry of Finance confirmed regulations for authorizing virtual banks, the equivalent of internet lenders in Korea.
Can mergers heal Bangladesh’s banking sector’s wounds?
Recently, the central bank got down to bringing in much-needed governance to the financial sector, especially the banking industry, where irregularities are rife.
Repayments outstrip new loans in 2023: Bangladesh Bank
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…
Nine of Bangladesh’s banks in ‘red zone’
The banks, including four state-run ones, have fragile financial health, according to a recent report by the central bank of Bangladesh.