News
Thai banks’ earnings expected to drop 9% in Q2 on higher credit costs
Thai banks’ earnings expected to drop 9% in Q2 on higher credit costs
Kiatnakin Phatra and SCB X will likely log an increase in credit costs.
ANZ’s group executive for Australia retail is retiring
Maile Carnegie will retire from the role on 1 July 2025.
Philippine Business Bank names new head of branch operations
The bank focuses on business clients in the Philippines.
Hong Kong credit card values up 8.4% to $34.91b in Q1
The number of debit card transactions fell although the value rose.
Thailand names three successful virtual bank applicants
They will need to begin business operations by June 2026.
Hong Kong, China launch Payment Connect for faster cross-border payments
Supported services include instant remittance services, amongst others.
dLocal gets green light to operate in three new markets
It has expanded its presence in the Philippines, Turkey, and the UAE.
SoKor, Taiwan, Thailand's banks face deteriorating outlook on trade exposures
These three have hig export exposure and sales to the US.
BEA property risks persist but capitalisation, funding offer buffers
Its impaired loan ratio is expected to remain high in 2025.
Shoko Chukin Bank face high problem loans but profitability improving
The higher problem loans ratio may be due to its focus on the SME segment.
HSBC names Ishan Sarkar as head of WPS, Singapore
He is tasked with driving a differentiated wealth strategy for Singapore.
Card payments remain top choice of South Koreans
Nearly half of surveyed Koreans use credit cards for payments.
Nomura adds Allspring Income Fund to private banking lineup
The fund will be offered to private banking clients in Singapore and Hong Kong.
MUFG’s APAC transaction banking team names three new MDs
Two head the transaction banking teams in India and Indonesia, respectively.
Taipei Fubon Commercial Bank well-buffered to withstand market volatility
Asset quality of corporate lending will weaken moderately, however.
HSBC and Mastercard roll out mobile virtual corporate card in Hong Kong
HSBC’s commercial customers can issue virtual cards through a portal.
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The financial institution bagged the ASEAN SME Bank of the Year, SME Bank of the Year - Hong Kong, and SME Bank of the Year - Indonesia.
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Beyond the code: How mobile banking is weaving a new financial narrative in Asia