Retail Banking
OCBC Ignite aims to double poly graduate intake
Only 3% of graduates join the financial sector full-time permanently.
OCBC Ignite aims to double poly graduate intake
Only 3% of graduates join the financial sector full-time permanently.
Singapore’s big banks aim for 96% emissions cut by 2050
DBS, OCBC, and UOB have set S$200b loan portfolio emissions targets.
UOB Thailand ushers in new CEO
Richard Maloney will begin his role on 1 July.
Three Indian banks’ profitability to improve
However, their rising share of risky loans will weigh on asset quality.
CIMB appoints new CEO
Novan Amirudin will overtake Dato’ Abdul Rahman Ahmad next month.
Hong Leong Bank posts 7.1% profit growth in 9MFY24
This translated to a profit of $671m.
CIMB’s Q1 profit escalates 18% YoY
Thanks to a solid operating income performance and maintained costs.
Singapore expands scope of guidelines on fair dealing
It now covers all financial institutions and all the products and services offered.
Maybank sets new crude palm oil, power emissions targets by 2030
In 2023, CPO production and power emissions are well below reference scenarios.
India’s commercial banks’ non-performing assets shrank in 2023
Credit costs have declined, with public sector banks holding “substantial buffers”.
Siam Commercial Bank shares crisis lessons from pandemic
The bank’s early investment in tech helped it grow its digital customer base to 17 million.
Philippines’ Remolona warns of oil prices, interest rates as financial stability risks
The financial stability council also warned of geopolitical risks.
GoTyme Bank launches multi-currency time deposit with $1 minimum
The Philippine-based digital bank promises interest rates between 3% to 3.5%.
Top banks’ assets expanded 5.1% in 2023
HSBC is a top performer, whilst China Merchant’s Bank saw fees decline.
SMBC’s US digital lender Jenius Bank hits $1b in savings deposits
It will roll out a mobile app in the coming months.
Bank of Queensland’s tech bet leaves operating performance to chance
The bank may achieve savings— or leave its operating performance structurally weaker.
Korea’s USD deposits decline in April amidst weakening won
Companies reportedly withdrew part of their US dollar deposits.
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