Asian Banking & Finance

Walter Liu appointed as new American Express’ head of Asia Region
He will manage American Express teams across Hong Kong, Taiwan, Singapore, and Thailand.
Hang Seng Bank prime lending rate unchanged at 5.625%
The HKD bonus interest rate was also unchanged.
Bank of China HK’s prime, savings deposit rate unchanged
Those with a daily account balance of HK$1m or above will get a bonus 0.001% bonus rate.
UOB CEO Wee Ee Cheong earned S$14.23m in 2023
His base salary remained the same.
US, Europe banking fiascos have little effect on Australian banks: analyst
They have different business models from banks in US and Europe.
Singapore reaffirms creditor hierarchy following Credit Suisse AT1 wipeout
Equity holders will absorb losses before AT1 and Tier 2 bondholders, MAS said.
Write-off of CS AT1 securities no risk to SG banks: analyst
The strong corporate governance and risk management add bank confidence.
Standard Chartered’s Straight2Bank launches working capital, loan services
Clients can initiate and approve new loan drawdowns and rollover requests.
OCBC opens Wuhan branch
OCBC Wing Hang Bank (China) now has 19 branches across 14 cities.
Hong Kong’s Fusion Bank launches business banking services for SMEs
Until 31 December, new customers may be exempt from account opening fees.
KBank sees 2 million new users in K PLUS app
The app recorded $292b (THB10t) in total transactions throughout 2022.
UNO Digital Bank offers account opening services to GCash users
GCash users can open a savings or time deposit account with no minimum balance needed.

Join the Asian Banking & Finance community

Exclusives

Exclusives

Lending & Credit Banks lagging behind net zero energy goals
Only 7% of energy-related financing extended by banks between 2016 to 2022 went to green energy projects.
Cards & Payments UOB’s Jacquelyn Tan on triumphing over expectations, biases to succeed in the banking industry
Tan shares how she leads 7,000 people across the region and her thoughts on women in banking.
DBS’ Lareina Wang on why role models matter to women in banking
Only 20% of bankers in C-Suite and senior leadership roles in Hong Kong are women.
Branch Banking Citi entices Hong Kong’s ultra-wealthy with first-ever Global Wealth Centre
The 10,000-square-foot space is staffed by senior bankers and specialists.
Banking Technology AI adoption in banking not a race but a question of trust: HSBC exec
AI achievers enjoyed 50% greater revenue growth on average, according to Accenture.
Financial Technology What’s in store for crypto’s future after the FTX debacle
Asian Banking & Finance spoke with industry experts and crypto leaders to learn how the exchange's bankruptcy affected the industry.
Financial Technology Intent vs ability: Why lending models must be revised to foster financial inclusion
Current mechanisms leave out SMEs and MSMEs from accessing much-needed credit.

Top News

Walter Liu appointed as new American Express’ head of Asia Region
He will manage American Express teams across Hong Kong, Taiwan, Singapore, and Thailand.
Hang Seng Bank prime lending rate unchanged at 5.625%
The HKD bonus interest rate was also unchanged.
Bank of China HK’s prime, savings deposit rate unchanged
Those with a daily account balance of HK$1m or above will get a bonus 0.001% bonus rate.
UOB CEO Wee Ee Cheong earned S$14.23m in 2023
His base salary remained the same.
US, Europe banking fiascos have little effect on Australian banks: analyst
They have different business models from banks in US and Europe.
Singapore reaffirms creditor hierarchy following Credit Suisse AT1 wipeout
Equity holders will absorb losses before AT1 and Tier 2 bondholders, MAS said.
Write-off of CS AT1 securities no risk to SG banks: analyst
The strong corporate governance and risk management add bank confidence.
Standard Chartered’s Straight2Bank launches working capital, loan services
Clients can initiate and approve new loan drawdowns and rollover requests.
OCBC opens Wuhan branch
OCBC Wing Hang Bank (China) now has 19 branches across 14 cities.
Hong Kong’s Fusion Bank launches business banking services for SMEs
Until 31 December, new customers may be exempt from account opening fees.
KBank sees 2 million new users in K PLUS app
The app recorded $292b (THB10t) in total transactions throughout 2022.
UNO Digital Bank offers account opening services to GCash users
GCash users can open a savings or time deposit account with no minimum balance needed.

Exclusives

Lending & Credit Banks lagging behind net zero energy goals
Only 7% of energy-related financing extended by banks between 2016 to 2022 went to green energy projects.
Cards & Payments UOB’s Jacquelyn Tan on triumphing over expectations, biases to succeed in the banking industry
Tan shares how she leads 7,000 people across the region and her thoughts on women in banking.
DBS’ Lareina Wang on why role models matter to women in banking
Only 20% of bankers in C-Suite and senior leadership roles in Hong Kong are women.
Branch Banking Citi entices Hong Kong’s ultra-wealthy with first-ever Global Wealth Centre
The 10,000-square-foot space is staffed by senior bankers and specialists.
Banking Technology AI adoption in banking not a race but a question of trust: HSBC exec
AI achievers enjoyed 50% greater revenue growth on average, according to Accenture.
Financial Technology What’s in store for crypto’s future after the FTX debacle
Asian Banking & Finance spoke with industry experts and crypto leaders to learn how the exchange's bankruptcy affected the industry.
Financial Technology Intent vs ability: Why lending models must be revised to foster financial inclusion
Current mechanisms leave out SMEs and MSMEs from accessing much-needed credit.

Join the Asian Banking & Finance community