News

Corporate loans continue to grow whilst consumer loans slowed amidst the Omicron outbreak.

Citi laid out its digital transformation story as an example of how banks have evolved. 

SMEs from Singapore, Hong Kong, China, Indonesia, and India will benefit.

And Goldman Sachs reach a $79.5m shareholder settlement over 1MDB fiasco.

HDBank hopes to build a supply chain finance portfolio of $1b over the next three years.

Corporate lending rose to its second-highest monthly figure ever.

UOB will support KHFC’s bid to expand in Southeast Asia.

 In Malaysia, Islamic banks may account as much as 45% of the commercial loan book.

The new base rate will be 2.25%, and base lending rate at 5.72%   Public Bank is increasing its Base Rate (BR), Base Lending Rate (BLR) / Base Financing Rate (BFR) by 0.25%, effective 13 May.   The bank’s new BR will be at 2.52% from 2.27%, whilst the BLR/BFR will be at 5.72% from 5.47%.   The bank’s fixed deposit rates will also be increased by 0.25% across all tenures.   The move came following Bank Negara Malaysia’s Overnight Policy Rate (OPR) hike by 25 basis points from 1.75% to 2.00% on 11 May. 

Successful candidates will be placed in a range of roles based on experience and skill set.

He spent 17 years in HSBC prior to joining Barclays.

TIBCO will discuss how to build agile data fabrics to improve growth and competitiveness.

YouBiz is also launching a credit facility offering flexible financing to SMEs.

9 in 13 sectors reported an increase in payment delays.

More than 700 employees are now based in the GBA Centre.

DBS Hong Kong said that 80% of WMC Southbound service clients are new customers.