Asian Banking & Finance

1 in 10 Singaporeans defer loan repayments
Majority plan to boost investments and savings.
1 in 5 affluent Singaporeans defer loan repayments, mull switching banks: survey
Over 40% of mass affluent bank customers saw their incomes decrease.
Fintech YouTrip launches online travel insurance in platform
The company’s business reportedly grew four times in Q2 compared to 2021.
StanChart taps ex-JP Morgan banker as new CIO for North Asia
Cheng was head of Asia Equity Strategy for JP Morgan Private Bank.
Rising interest rates to be Hong Kong banks’ saving grace
NIMs are expected to rise and outweigh asset quality deterioration in the near term.
MUFG names Manoj Bhatia as head of corporate global subsidiary banking
Bhatia will continue his role as head of GSB Asia Pacific.
South Korea’s deposit, loan interest rates rose in May
Average interest rate for new deposits rose 15 basis points from April.
Is Hong Kong’s role as offshore financial center under threat?
Inflows from Mainland China will support the city, but issues are challenging this role.
BRImo superapp offers digital account opening for Bank Raya
The gig economy-focused digital bank now has over 700,000 users.
Australian regulator revokes Citigroup’s banking license
This follows after CPL’s consumer banking business was acquired by NAB.
Dah Sing Bank approved to open new Shenzhen Branch
Establishment of the new branch is slated for early 2023.
HK businesses see 50% increase of bad debt write-offs: study
Almost half of the total value of business-to-business invoices was overdue.
HSBC renews bancassurance partnership with Allianz
It will cover six markets, with HSBC and Allianz offering life and non-life products.
DBS raises fixed home loan rate, scraps 5-year fixed package: report
The new rate is 0.03 percentage points higher than the previous 2-year fixed rate.

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Exclusives

Exclusives

Banking Technology Why LINE Bank chose Indonesia as its third home
After successful launches in Thailand and Taiwan, LINE is going steady in Indonesia.
Cards & Payments Alternative payments dominate Asia as credit card use dwindles
BNPL may not be the plastic killer everyone touts it to be, but it's attracting underserved customers.
Why this SG-based fintech firm is ending the pen-and-paper era of financial advisors
GoalsMapper used its cloud-based platform to help financial advisors support 80,000 clients.
Retail Banking How Citi’s hiring spree sets into motion its $150b new AUM goal by 2025
The bank looks to hire 1,500 new employees in Singapore alone and triple AUM.
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.

Top News

1 in 10 Singaporeans defer loan repayments
Majority plan to boost investments and savings.
1 in 5 affluent Singaporeans defer loan repayments, mull switching banks: survey
Over 40% of mass affluent bank customers saw their incomes decrease.
Fintech YouTrip launches online travel insurance in platform
The company’s business reportedly grew four times in Q2 compared to 2021.
StanChart taps ex-JP Morgan banker as new CIO for North Asia
Cheng was head of Asia Equity Strategy for JP Morgan Private Bank.
Rising interest rates to be Hong Kong banks’ saving grace
NIMs are expected to rise and outweigh asset quality deterioration in the near term.
MUFG names Manoj Bhatia as head of corporate global subsidiary banking
Bhatia will continue his role as head of GSB Asia Pacific.
South Korea’s deposit, loan interest rates rose in May
Average interest rate for new deposits rose 15 basis points from April.
Is Hong Kong’s role as offshore financial center under threat?
Inflows from Mainland China will support the city, but issues are challenging this role.
BRImo superapp offers digital account opening for Bank Raya
The gig economy-focused digital bank now has over 700,000 users.
Australian regulator revokes Citigroup’s banking license
This follows after CPL’s consumer banking business was acquired by NAB.
Dah Sing Bank approved to open new Shenzhen Branch
Establishment of the new branch is slated for early 2023.
HK businesses see 50% increase of bad debt write-offs: study
Almost half of the total value of business-to-business invoices was overdue.
HSBC renews bancassurance partnership with Allianz
It will cover six markets, with HSBC and Allianz offering life and non-life products.
DBS raises fixed home loan rate, scraps 5-year fixed package: report
The new rate is 0.03 percentage points higher than the previous 2-year fixed rate.

Exclusives

Banking Technology Why LINE Bank chose Indonesia as its third home
After successful launches in Thailand and Taiwan, LINE is going steady in Indonesia.
Cards & Payments Alternative payments dominate Asia as credit card use dwindles
BNPL may not be the plastic killer everyone touts it to be, but it's attracting underserved customers.
Why this SG-based fintech firm is ending the pen-and-paper era of financial advisors
GoalsMapper used its cloud-based platform to help financial advisors support 80,000 clients.
Retail Banking How Citi’s hiring spree sets into motion its $150b new AUM goal by 2025
The bank looks to hire 1,500 new employees in Singapore alone and triple AUM.
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.

Join the Asian Banking & Finance community