Japanese banks take on strategic roles Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công
09/07/2021 09:53 GMT+7
Given their financially sound cornerstone and professional know-how, Japanese megabanks are actively exploring sensible bolt-on opportunities of banks in Southeast Asia, including Vietnam, as a critical part of their international market expansion.
MUFG has been working in collaboration with VietinBank for years. VIR photo: Le Toan
Japan’s Sumitomo Mitsui Banking Corporation (SMBC), the banking arm of Sumitomo Mitsui Financial Group (SMFG) was last week reported to have acquired a 5 per cent stake in Philippines-based lender Rizal Commercial Banking Corp (RCBC), equivalent to around $93.9 million.
Blog
Blog
Blog
Blog
14 Apr, 2021 Author Yuzo Yamaguchi
As returns-hungry Japanese banks may lend or invest even more abroad after a record year of 2020, the lenders face rising risk of defaults and market volatility in their growing overseas operations, analysts warn.
Japanese financial institutions have a long history of generating interest income and asset growth from operations outside their home market, which has been battered by a prolonged period of low interest rates and weak credit demand. The risks of global exposures came under the spotlight again in early April, when Nomura Holdings Inc., Mitsubishi UFJ Financial Group Inc. and Mizuho Financial Group Inc. flagged potential losses of around US$2.4 billion combined that were reportedly related to the downfall of U.S. hedge fund Archegos Capital.
Global banking leaders targeting growth in SE Asia 12:00 | 23/02/2021
Global banking leaders targeting growth in SE Asia, illustration photo
HSBC will be naming a new head for its Singapore operation, along with its expansion plan in the region. Europeâs largest lender is preparing to announce the outcome of a strategic review next week, alongside its full-year results.
According to Bloomberg, HSBC is seeking to gain a bigger slice in Southeast Asia where it has been struggling to compete with dominant players such as DBS Group Holdings and Standard Chartered. âHSBC wants to further raise its capability and presence in South Asia, and Singapore is central to this drive and ambition,â said Peter Wong, HSBCâs top executive in Asia.
Blog
Blog
Blog
Blog
15 Feb, 2021 Author Yuzo YamaguchiRehan Ahmad
Mitsubishi UFJ Financial Group Inc. will likely continue to face higher credit risk than two other Japanese megabanks in the near term as the lender s larger international operations leave it more exposed to loan defaults in economies hit hard by the coronavirus pandemic.
MUFG, which extends more loans overseas than Sumitomo Mitsui Financial Group Inc. and Mizuho Financial Group Inc., has reported the highest nonperforming loan ratios and loan loss provisions among the trio for at least five consecutive quarters, according to data from S&P Global Market Intelligence.
In the fiscal third quarter ended Dec. 31, 2020, MUFG s NPL rose to 1.17%, the highest in three years. The amount of nonperforming loans rose to ¥575 billion, the highest quarter on record, or about 46% of the bank s total nonperforming loans in that quarter. Sumitomo and Mizuho reported NPL ratios of