Asian Banking & Finance

HSBC Singapore unveils Live+ credit card for lifestyle spending
It offers an 8% cashback and 15% discount on selected transactions.
HDBank reports 6.2% credit growth in H1
The bank’s return on equity (ROE) reached 26.7%.
Basel III to improve Japanese major financial groups’ profits
However, risk-weighted assets for the four FIs are expected to rise.
Hong Kong banks’ composite interest rate falls 4bp to 2.61% in May
This was due to a decrease in weighted funding cost for deposits during the month.
Taiwan expected to keep close watch on banks’ properly loan risks
Authorities have hiked banks’ RRR to slow credit inflows and cool home prices.
Mizuho reports 60% emissions cut, allocates $195b for sustainable finance
The bank now employs 1,650 sustainability management experts.
Banking sector poses highest money laundering risks in Singapore
Non-banking sectors such as corporate service providers, real estate, casinos, and precious stones also pose high ML risks in the country.
Robo-advisors gain traction amongst younger Singaporeans
40% of respondents under 35 stated using robo-advisories.
National Australia Bank arm invests on digital asset custodian Zodia
Zodia aims to onboard Austrlia's home grown digital asset exchanges in its platform.
Taiwanese banks’ loans to SMEs rose to $305b in April
The bad loans ratio rose slightly to 0.25% as of end-April.
Steady margins and higher trade gains buoy Vietnamese banks’ profits in H2
Asset quality risks are expected to remain contained, Fitch Ratings said.
Thai banks grapple with slowing exports and weak consumer sentiment
Fitch has revised its loan growth estimates to 3% from 5% previously.
APAC emerging markets buck global remittance decline
China, India, and the Philippines remain “bright spots” for remittance activity, says Visa.
APAC banks grapple with rising commercial real estate risks
Office vacancies have jumped and CRE prices have dropped.
South Korea’s corporate financing dropped in May
Equity issues and IPO volumes plummeted during the month.

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Exclusives

Exclusives

Banking Technology Comarch aims to bridge Asian banks’ innovation with wealth needs
The Polish tech firm is looking to help banks build their wealth management platforms.
Retail Banking ZA Bank’s Devon Sin on why Web3 is key to HK’s growth
The bank has expanded services to cater to stablecoin issuers and Web3 companies. 
CIMB Niaga leads the way in captivating Indonesia’s youth
The bank’s digital solutions are winning over younger generations with 3.2M mobile users and 96% digital transaction rate in 2023.
Cards & Payments KPay’s unified payment solutions platform propels SME growth
After expanding into Singapore, KPay aims to dominate APAC and serve over 1 million merchants.
BCA sets benchmark in Indonesia’s microfinance sector
Innovative approaches reflect the bank’s commitment to pushing financial inclusion and fostering economic growth.
Maybank SG offers boost to charities with special rates, network opportunities
Charities in the city may also avail of an interest-free grant of up to SG$150,000 (US$111,000)
Indonesian banks all aboard in driving financial innovation
Asian Banking and Finance Forum brings together banking leaders with a shared vision.

Top News

HSBC Singapore unveils Live+ credit card for lifestyle spending
It offers an 8% cashback and 15% discount on selected transactions.
HDBank reports 6.2% credit growth in H1
The bank’s return on equity (ROE) reached 26.7%.
Basel III to improve Japanese major financial groups’ profits
However, risk-weighted assets for the four FIs are expected to rise.
Hong Kong banks’ composite interest rate falls 4bp to 2.61% in May
This was due to a decrease in weighted funding cost for deposits during the month.
Taiwan expected to keep close watch on banks’ properly loan risks
Authorities have hiked banks’ RRR to slow credit inflows and cool home prices.
Mizuho reports 60% emissions cut, allocates $195b for sustainable finance
The bank now employs 1,650 sustainability management experts.
Banking sector poses highest money laundering risks in Singapore
Non-banking sectors such as corporate service providers, real estate, casinos, and precious stones also pose high ML risks in the country.
Robo-advisors gain traction amongst younger Singaporeans
40% of respondents under 35 stated using robo-advisories.
National Australia Bank arm invests on digital asset custodian Zodia
Zodia aims to onboard Austrlia's home grown digital asset exchanges in its platform.
Taiwanese banks’ loans to SMEs rose to $305b in April
The bad loans ratio rose slightly to 0.25% as of end-April.
Steady margins and higher trade gains buoy Vietnamese banks’ profits in H2
Asset quality risks are expected to remain contained, Fitch Ratings said.
Thai banks grapple with slowing exports and weak consumer sentiment
Fitch has revised its loan growth estimates to 3% from 5% previously.
APAC emerging markets buck global remittance decline
China, India, and the Philippines remain “bright spots” for remittance activity, says Visa.
APAC banks grapple with rising commercial real estate risks
Office vacancies have jumped and CRE prices have dropped.
South Korea’s corporate financing dropped in May
Equity issues and IPO volumes plummeted during the month.

Exclusives

Banking Technology Comarch aims to bridge Asian banks’ innovation with wealth needs
The Polish tech firm is looking to help banks build their wealth management platforms.
Retail Banking ZA Bank’s Devon Sin on why Web3 is key to HK’s growth
The bank has expanded services to cater to stablecoin issuers and Web3 companies. 
CIMB Niaga leads the way in captivating Indonesia’s youth
The bank’s digital solutions are winning over younger generations with 3.2M mobile users and 96% digital transaction rate in 2023.
Cards & Payments KPay’s unified payment solutions platform propels SME growth
After expanding into Singapore, KPay aims to dominate APAC and serve over 1 million merchants.
BCA sets benchmark in Indonesia’s microfinance sector
Innovative approaches reflect the bank’s commitment to pushing financial inclusion and fostering economic growth.
Maybank SG offers boost to charities with special rates, network opportunities
Charities in the city may also avail of an interest-free grant of up to SG$150,000 (US$111,000)
Indonesian banks all aboard in driving financial innovation
Asian Banking and Finance Forum brings together banking leaders with a shared vision.

Join the Asian Banking & Finance community