Embracing productivity and innovation key to sustaining profitability in besieged retail banking sector
Banks in Asia Pacific are responding to tightening regulations and fee ceilings with creative strategies and more effective business models.
The last three years saw the introduction of detailed interest and debt ceilings and fee charges for core banking transactions which have in effect obliterated significant profit streams in retail financial services for banks. At the same time, property prices continued to escalate in the region, causing regulators to implement more stringent measures in countries like Hong Kong, Taiwan, Korea, Malaysia and Singapore.
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, Hong Kong
, Retail Banking
, South Korea
Keywords: Bank Baiduri
, HSBC Brunei
, Standard Chartered Bank Brunei
, Kookmin Bank
, Shinhan Bank