News
BOCHK net income up 20.8% to US$6.21b in 9M 2023
Net interest margin rose 36 basis points during the first nine months of 2023.
BOCHK net income up 20.8% to US$6.21b in 9M 2023
Net interest margin rose 36 basis points during the first nine months of 2023.
No changes to Hang Seng Bank’s HKD prime lending rate
Its HKD savings deposit rates also remain unchanged.
Bank of China Hong Kong keeps HKD prime rate, deposit rate steady
Savings accounts with over HK$1m will enjoy a 0.001% pa additional bonus rate.
Zurich acquires 51% stake in Kotak Mahindra Bank's general insurance arm
The insurer said it plans to buy 19% more in the future.
DBS apologises for digital bank disruptions, to dock senior management pay
The bank is allotting a special budget of S$80m to enhance its system resiliency.
HDFC Bank names new chief of internal vigilance
Sachin Suryakant Rane was a senior police inspector before joining the bank.
DBS prohibited from buying new businesses or closing branches for 6 months
MAS will review progress after six months and may choose to extend the measures.
Bank of China Hong Kong expanding e-HKD prepaid pilot to 50 products
It is now inviting customers to participate in the pilot.
1 in 2 Hongkongers hold ‘favorable’ views of virtual-only banks: study
45% have neobank accounts, and another 30% looks to sign-up over the next 3 months.
South Korean financial firms to tighten lending standards in Q4: survey
The 18 banks polled indicated that they will be pickier on approving loans.
BOCHK warns customers of two fraudulent websites
Customers who used these sites are strongly urged to contact BOCHK immediately.
Landbank records highest-ever nine-month net income at $558m
Net income jumped 24% during the period compared to a year ago.
SCB X profits weighed by high credit costs, weakening asset quality
The bank will benefit from the interest rate hike, but peak by Q4 and gradually decline after.
Bank of East Asia’s Mongkok Branch to operate on weekends
It will be open from 1PM to 5PM on Saturdays and Sundays until 31 December.
KBANK net profit up 7% in Q3, but low dividends raise concerns: analysts
A substantial growth in net income helped drive up profits for the quarter.
DBS unveils financing solution to boost SMEs’ sustainability ventures
The DBS Eco Renovate Loan allows SMEs to finance up to 100% of their expenses related to sustainability.
UnionBank releases four new credit cards with various benefits
Interested users can choose from retail, cost-saving, travel, and luxury types of credit cards.
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