Uzbek upstart banks on privatizations

Uzbek upstart banks on privatizations

April 16, 2020
By MATTHEW THOMAS

Silk Capital is making a big bet on the liberalization of the country’s financial system – a crucial test case of international demand for the nation will be the boutique investment bank’s own offshore IPO.

Uzbekistan: State banks keep a tight grip

Uzbekistan: State banks keep a tight grip

April 16, 2020
By MATTHEW THOMAS

Uzbekistan’s state-owned banks dominate the local financial system; a mix of local, privately owned banks and eager foreign players are helping the country to open up, but it will not be easy.

Coronavirus: IPOs lose the human touch

Coronavirus: IPOs lose the human touch

April 16, 2020
By JONATHAN BREEN

Asia’s first virtual roadshows have paved the way for a new digital approach to IPO executions; they are a necessity at the moment, but they could become the new normal.

India's banks clean up

India's banks clean up

April 16, 2020

The financial industry has been a mess, hit by defaults, rising bad loans, corporate governance scandals, frauds and, most recently, the government rescue of Yes Bank - the worst may be over, but things aren’t tidy yet.

India: Yes Bank's trouble was saying no

India: Yes Bank's trouble was saying no

April 16, 2020

The spectacular collapse of a fast-growing private lender in early March has dealt yet another blow to India’s already shaky finance industry, led to the arrest of its founder and thrown a spotlight on the bank’s aggressive lending practices.

Indonesia creates a new capital bonanza

Indonesia creates a new capital bonanza

April 14, 2020
By ERIC ELLIS

President Joko Widodo is planning southeast Asia’s biggest infrastructure project in building his new capital city in remote Kalimantan; it promises to be a party for bankers – but first they will have to negotiate some quirky local characters.

Asian banking in the time of coronavirus

Asian banking in the time of coronavirus

April 14, 2020
By MATTHEW THOMAS

Covid-19 has pushed down global stock markets, led to alarming projections about global growth, and forced millions out of work and most of the rest to work from home.

Coronavirus: Digital banking is no longer optional

Coronavirus: Digital banking is no longer optional

April 14, 2020
By MATTHEW THOMAS

Digital banks have long talked about the importance of efficient online and mobile banking services at the expense of face-to-face meetings and physical branches; the coronavirus crisis means there is now little argument against this model.

Digital banking: The pressure on Myanmar

Digital banking: The pressure on Myanmar

April 09, 2020

Sean Turnell, adviser to Myanmar’s leader Aung San Suu Kyi, discusses the liberalization, international opening and digitalization of the country’s banking sector.

Sri Lanka banking: State CEOs pay the price

Sri Lanka banking: State CEOs pay the price

April 09, 2020
By MORGAN DAVIS

The chief executives of People’s Bank and Bank of Ceylon have both been ousted as part of the government’s new hard line on state-owned banks it considers are not doing enough to help the struggling economy.

Thailand finance: Korn dares the old guard

Thailand finance: Korn dares the old guard

April 09, 2020
By ERIC ELLIS

Korn Chatikavanij, JPMorgan’s former Thailand boss, has been a finance minister, a fintech pioneer and a philanthropist; he is now trying to disrupt politics with a new party.

Capital markets: How to enter China

Capital markets: How to enter China

January 15, 2020

Foreign banks hoping to break into China’s capital markets will have their chance at the end of 2020, but muscling in on primary capital markets could prove expensive and risky.

Asia unprepared for end of Libor

Asia unprepared for end of Libor

January 15, 2020

How much work have Asian banks put in to get ready for the end of Libor on December 31, 2021? Senior bankers admit that not much progress has been made.