Asian Banking & Finance

DBS to launch 5 partnerships to enhance SMEs’ digital supply chain capabilities
SMEs from Singapore, Hong Kong, China, Indonesia, and India will benefit.
HDBank signs MOU with IFC to build supply chain finance portfolio
HDBank hopes to build a supply chain finance portfolio of $1b over the next three years.
South Korean banks’ household lending rise in April
Corporate lending rose to its second-highest monthly figure ever.
UOB signs MOU with Korean Housing Finance Corp
UOB will support KHFC’s bid to expand in Southeast Asia.
Southeast Asia’s $290b Islamic bank market poised for growth: S&P
 In Malaysia, Islamic banks may account as much as 45% of the commercial loan book.
Malaysia’s Public Bank raises lending rate by 0.25%
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. 
Citi Hong Kong launches program for women seeking work after career break
Successful candidates will be placed in a range of roles based on experience and skill set.
 Barclays appoints Hossein Zaimi as head of markets APAC
He spent 17 years in HSBC prior to joining Barclays.
ABF partners with TIBCO in roundtable talks on use of agile data fabrics for FSIs
TIBCO will discuss how to build agile data fabrics to improve growth and competitiveness.
Payments platform YouTrip unveils YouBiz offering zero FX fees and unli cashback
YouBiz is also launching a credit facility offering flexible financing to SMEs.
Less payment delays, longer overdue payments in China
9 in 13 sectors reported an increase in payment delays.
Standard Chartered opens US$40m Greater Bay Area Centre in Guangzhou
More than 700 employees are now based in the GBA Centre.
DBS, Shenzhen Rural Commercial Bank to offer Wealth Mgmt Connect Southbound services 
DBS Hong Kong said that 80% of WMC Southbound service clients are new customers.
Airwallex rolls out virtual borderless card in Singapore
Businesses will be able to transact in more than 140 currencies and wherever Visa is accepted.

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Exclusives

Exclusives

Retail Banking Hong Kong banks face ‘brain drain’ as talents flee amidst strict travel restrictions 
More expats may leave with their families when the school year ends mid-2022.
Branch Banking OCBC NISP transforms its branch into a financial fitness gym
This is the bank’s way to instill the “FinanciallyFit first, CrazyRich later” mindset to the younger generation.
Markets Supporting multinationals to uncover ambitions in Asia 
Citi views sustainable financing as both a mandate and an opportunity to partner clients in their ESG journey.
Trade Finance Talent & Tech at the heart of Munir Nanji’s mission to grow Citi Central Europe
He is tasked with implementing the "New" Europe Strategy and reap full benefits of growth.
Economy Wait and see tactics: PH central bank holds off on tightening monetary policies
However, a threat from the West makes it seem that the central bank may be overly confident.
Singapore’s financial institutions on the lookout for risks arising from Russia
Local FIs are reportedly taking appropriate measures to manage risks, says MAS.
Cards & Payments Could Bakong pave the way for digital currency in Cambodia?
Similar to its namesake, the platform is now the backbone of the country’s digital payments system.

Top News

DBS to launch 5 partnerships to enhance SMEs’ digital supply chain capabilities
SMEs from Singapore, Hong Kong, China, Indonesia, and India will benefit.
HDBank signs MOU with IFC to build supply chain finance portfolio
HDBank hopes to build a supply chain finance portfolio of $1b over the next three years.
South Korean banks’ household lending rise in April
Corporate lending rose to its second-highest monthly figure ever.
UOB signs MOU with Korean Housing Finance Corp
UOB will support KHFC’s bid to expand in Southeast Asia.
Southeast Asia’s $290b Islamic bank market poised for growth: S&P
 In Malaysia, Islamic banks may account as much as 45% of the commercial loan book.
Malaysia’s Public Bank raises lending rate by 0.25%
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. 
Citi Hong Kong launches program for women seeking work after career break
Successful candidates will be placed in a range of roles based on experience and skill set.
 Barclays appoints Hossein Zaimi as head of markets APAC
He spent 17 years in HSBC prior to joining Barclays.
ABF partners with TIBCO in roundtable talks on use of agile data fabrics for FSIs
TIBCO will discuss how to build agile data fabrics to improve growth and competitiveness.
Payments platform YouTrip unveils YouBiz offering zero FX fees and unli cashback
YouBiz is also launching a credit facility offering flexible financing to SMEs.
Less payment delays, longer overdue payments in China
9 in 13 sectors reported an increase in payment delays.
Standard Chartered opens US$40m Greater Bay Area Centre in Guangzhou
More than 700 employees are now based in the GBA Centre.
DBS, Shenzhen Rural Commercial Bank to offer Wealth Mgmt Connect Southbound services 
DBS Hong Kong said that 80% of WMC Southbound service clients are new customers.
Airwallex rolls out virtual borderless card in Singapore
Businesses will be able to transact in more than 140 currencies and wherever Visa is accepted.

Exclusives

Retail Banking Hong Kong banks face ‘brain drain’ as talents flee amidst strict travel restrictions 
More expats may leave with their families when the school year ends mid-2022.
Branch Banking OCBC NISP transforms its branch into a financial fitness gym
This is the bank’s way to instill the “FinanciallyFit first, CrazyRich later” mindset to the younger generation.
Markets Supporting multinationals to uncover ambitions in Asia 
Citi views sustainable financing as both a mandate and an opportunity to partner clients in their ESG journey.
Trade Finance Talent & Tech at the heart of Munir Nanji’s mission to grow Citi Central Europe
He is tasked with implementing the "New" Europe Strategy and reap full benefits of growth.
Economy Wait and see tactics: PH central bank holds off on tightening monetary policies
However, a threat from the West makes it seem that the central bank may be overly confident.
Singapore’s financial institutions on the lookout for risks arising from Russia
Local FIs are reportedly taking appropriate measures to manage risks, says MAS.
Cards & Payments Could Bakong pave the way for digital currency in Cambodia?
Similar to its namesake, the platform is now the backbone of the country’s digital payments system.

Join the Asian Banking & Finance community