News
HSBC’s profit dips to $12.7b in Q1; special dividend after Canada sale
A first interim dividend of $0.1 per share has been approved by the board.
Indonesian banks tout sound profitability and capitalisation
Only a fraction of restructured loans will become bad loans, Fitch said.
Depositors ‘flight to safety’ to benefit China Merchants Bank
Focus on wealth and deposits over loans has boosted its liquidity.
Japanese banks back fund to develop space industry
SMBC, MUFG, and Mizuho Bank are all named limited partners.
India changes criteria for small banks seeking to be universal banks
Net worth lowered, but must be profitable in the past two years.
Alipay+ enables 14 foreign e-wallets to pay in Hong Kong
About 90% of HK merchants now accept payments using foreign e-wallets.
Manulife, Standard Chartered expand 2016 ties
Manulife will gain access to the bank’s clientele.
PH banks maintained loan standards in Q1
An estimated 3 in 4 banks maintained credit standards for housing loans.
Indonesian banks gave out more new loans in Q1
But the number is lower than in Q4 2023 and will slow down further in Q2.
Alipay+ inks deal with Jeju tourism org for exclusive offers to foreign visitors
Foreign visitors can enjoy up to 50% discounts from ZeroPay merchants.
Thailand’s central bank appoints three new senior roles
Two deputy governors are rotating while one assistant governor is moving up.
Centralised AI models propel financial institutions' success
Financial sectors see major benefits from centralised AI strategies, though future shifts are anticipated.
China banking focuses on credit structure optimisation
PwC said the sector needs to continue to implement strategic initiatives.
Overseas expansion impacts Korean banks’ OE score
Despite Korea's high GDP per capita, the current level suggests there's still room for improvement.
Nium, Thredd expand virtual card partnership
The two fintech companies have issued 86 million virtual cards worldwide.
South Korean banks’ loan delinquency rate rise in February
Corporate, SME, and household loans all saw their delinquency rates rise.
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