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New Zealand card payments market to be valued $67.1b in 2026
On average, each NZ individual holds over three cards, GlobalData found.
New Zealand card payments market to be valued $67.1b in 2026
On average, each NZ individual holds over three cards, GlobalData found.
Standard Chartered, FairPrice-backed Trust Bank launches in Singapore
A total of S$400m was invested by its shareholders, the neobank said.
RHB Singapore raises deposit interest rates to up to 5.5%
It attributed this to the “recent spate of competitive rising rates by local banks.”
RHB Singapore has joined the bandwagon of local banks that have raised the interest rates for their deposit accounts.
Bank of China bad loans, capitalization ‘stable’ amidst real estate woes: S&P
BOC’s NPL ratio for mainland real estate loans rose 62 basis points in H1.
SWIFT rolls out pre-payment prediction service for cross-border payments
It identifies possible problems in the future payment based on previous data from 9 billion transactions.
APRA revokes Volt’s authorised deposit-taking institution licence
The bank first announced its closure in June.
Australian regulator removes Westpac add-on liquidity requirement
The removal of the add-on takes effect this 1 September.
Grab, Singtel-led digital-only bank GXS debuts in Singapore
It has launched a savings account with a customizable pockets feature.
CIMB Group core net profit jump 18.4% in H1
Interim dividend for the period is 13 sen per share.
Bank of China HK net profits up 6.1% to HK$14.42b in H1
Interim dividend is HK$0.447 per share.
Validus, Citibank establish $100m facility for SME financing
The facility is collateralized by SME loans by Validus’ Singapore arm.
Standard Bank Bangladesh unveils its first-ever sustainability report
It made use of the GRI Standards.
South Korea’s Toss Bank to raise $224.7m via new stock issuance: report
It will raise the company’s total capital stock to KRW1.35t.
Dah Sing Bank temporarily shutters Mongkok Branch
It will reopen on 31 August.
Public Bank H1 profits stumble over one-off prosperity tax
This was partially offset by higher net interest income.
BEA completes sale of insurance and healthcare business
Both were sold to AIA Group.
Australia’s Judo Bank on track for earnings growth
Its net interest margin is expected to be 3% over the next two years.
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