News

Strong income drives CIMB to a 26.2% net profit growth in H1

An interim dividend of 17.5 sen per share has been proposed.

Standard Chartered Bank's Jim Byrden to highlight importance of cyber resilience, AI in banking at upcoming summit

Standard Chartered's Managing Director of Assurance and Testing in Group CISRO, Jim Byrden, shares valuable insights on emerging technologies and cybersecurity ahead of his speaking engagement at the Asian Banking & Finance Summit in Singapore this September.

Maybank’s first half profits surge 26% YoY

Its further expansion was dampened by a contraction in net fund-based income.

New Zealand banks to persevere amidst inquiry by Commerce Commission: S&P Global

The banks, Australia-owned, hold a total market share of 85%.

Foreign currency deposits push Hong Kong deposits to a 1.2% rise in July

Hong Kong dollar deposits dipped, whilst foreign deposits rose.

Chinese banks cut deposit rates: report

The banks cut deposit rates between 5 and 25 basis points.

MAS-licenced MoneyOwl to wind down financial advisory business

The company found that its advisory business is not financially viable.

Hong Kong has issued US$22b in green bonds: report

Proceeds for the bonds have been allocated or earmarked for green projects.

Mizuho Financial Group issues $817m green bond

Funds raised will be used to finance green projects, the group announced.

CITIC Limited reports $4.4b profit in H1

An EPS of RMB1.10 has been announced.

Hong Kong’s business scholars target top finance employers for work-life balance

Educators at business schools confirm that students’ career priorities have shifted.

Virtual bank Trust turns one; 2.1 million transactions logged

The bank is giving away 100,000 bags of rice and doubling its referral rewards.

Alipay+, Malaysia’s PayNet ink deal for smooth digital payments

This further expands the regional cross-border digital payment plan of Alipay+.

Public Bank posts 18% YoY net profit growth for 1H 2023

Its overseas operations accounted for 7.8% of the overall earnings.