Philippine digital banks saw rapid growth in 2023 alongside mounting concerns over credit quality as gross NPL ratios soared
Philippine digital banks saw rapid growth in 2023 alongside mounting concerns over credit quality as gross NPL ratios soared
The global use of Renminbi is influenced by geopolitics, macroeconomic conditions, infrastructure, and technology
A prominent player in Southeast Asia’s digital finance sector, the group saw significant growth in 2023, cutting losses by 29% despite a challenging economic environment
Surveyed institutions continue to adopt RMB in cross-border trade, driven by cost benefits and foreign exchange risk management
Nubank has reported its first full-year profitability since its launch in 2014. Nearing 100 million customers, the bank has set new benchmarks in revenue
The top 10 digital banks saw revenue grow from $41 billion in 2022 to about $49 billion in 2023
JPMorgan Chase, China Construction Bank, and Emirates NBD claimed leading spots in this year’s ranking, with JPMorgan Chase standing out in retail financial performance and digital customer base
Alipay retains its top spot in this year’s ranking, while Apple Pay climbs higher with its expanded financial services ecosystem
The popularity of Bank Central Asia reflects a trend of traditional banks embracing digital innovation to meet customer preferences
Most of Asia Pacific witnessed a slight slowdown in SME loan growth in 2023, but the regional average increased marginally, led by Australia, while concerns remain over SME loan quality, notably in Thailand
The world’s top 10 most profitable banks with assets over $100 billion include four from the Middle East, three from Asia, two from the Americas, and one from Europe
South American banks led with the highest average loan-to-deposit ratio at 109%, followed by Europe at 96%, with around 50% of South American and 42% of European banks with ratios exceeding 100%