Retail Banking
Low carbon push adds $8.4b addt'l revenue for APAC banks
Between 2031 to 2050, APAC banks will likely
Low carbon push adds $8.4b addt'l revenue for APAC banks
Between 2031 to 2050, APAC banks will likely
Loan growth & higher fees prop up Singapore banks’ earnings in Q1
DBS’ and OCBC’s DPS are likely to rise in H2.
Chinese banks’ net profits down 0.81% in Q1
Fees contracted for the first time in 5 years a quarter earlier.
Mizuho Financial Group publishes impact business policy
The policy defines the bank’s course of action on impact-driven businesses.
CIMB Group’s opex to ease whilst non-interest income poised for growth
Loans are poised for a 6% growth, UOB Kay Hian said in a report.
CTBC Bank PH unveils redesigned web interface and mobile banking app
The app features personalised widgets and customisable features.
Standard Chartered names three leaders to global transaction banking team
The three new hires are previously from J.P. Morgan, DBS, and Bank of America.
Daegu Bank bets long-term with digital amidst home market issues
The Korean bank has turned its eyes to Seoul to grow its retail banking activities.
Gov’t ties to buoy Korea Development Bank's capitalisation
Problem loans are expected to rise, however.
No contagion risk for Vietnam banks from billionaire corruption scandal
But it exposed structural weaknesses in Vietnam’s banking and financial industry.
PH banks’ total assets expanded 9.2% to $439.3b in 2023
Both lending and investing activity grew during the period.
CIMB Thai’s de-risking and cost optimisation pays off
Moody’s Ratings says its asset quality, profitability and liquidity is “modest”.
Citi combines in Japan, North Asia, and Australia clusters
This covers markets in East Asia, Australia, New Zealand, Hong Kong and Macau.
Share buyback, Suncorp Metway deal won’t dent ANZ’s credit profile
S&P expects the SML acquisition to be completed in mid-2024.
Chinese banks dominant whilst Japan, South Korean banks’ assets falter
Australian and Singaporean banks’ assets remained steady, S&P’s study showed.
Olea, Standard Chartered forge alliance to empower SMEs
The alliance signals a proactive effort to support SMEs by leveraging digital innovation and financial services.
Australia’s Macquarie well-capitalised despite lower profits
Net profit fell by 32% for the fiscal year ended 31 March.