Asia Credit
South Korean banks grow Southeast Asian assets 7.1%
Major South Korean financial groups expanded total assets across their main Southeast Asian banking subsidiaries by 7.1% to KRW52.26 trillion in the first half of the year.
India’s banks emerge stronger as NPAs hit record low
India’s banking sector has emerged from a prolonged asset-quality clean-up in a much stronger position, with non-performing assets at their lowest level on record, finance minister Nirmala Sitharaman says.
Bank Indonesia launches domestic retail credit card network to cut reliance on Visa, Mastercard
Seeking to enhance the country’s financial infrastructure and lower transaction overheads across domestic commercial networks, Indonesia's central bank has launched its national retail credit card framework.
Indian central bank moves forex swap scheme deadline forward
India's central bank, the Reserve Bank of India (RBI), has moved forward the expiration of its foreign exchange swap incentive mechanism by 30 days to August 31, 2026.
Bangladesh banks lean on government securities as weak credit demand persists
Private sector credit growth in Bangladesh rose marginally to 4.98% in May from 4.75% in April, but continued weakness in business borrowing is prompting banks to rely increasingly on government securities to sustain earnings.
China challenges dollar dominance with Africa-wide yuan clearing hub
China appoints Standard Bank and ICBC to operate Africa's first continent-wide yuan clearing hub, deepening renminbi trade settlement and challenging the greenback's dominance in China-Africa commerce.
Kazakh president’s pet project gets boost from China
China-Central Asia Monitor: June 5-11, 2026.