Ping An Bank
Chinese megabanks cement nation’s economic prowess
Chinese megabanks cement nation’s economic prowess
Banks in China dominated S&P Global Market Intelligence’s top 50 lenders in the region.
Ping An Bank to maintain moderate profitability: Moody’s
Its write-offs and derisking of asset mix will keep asset quality stable.
HKMA rules out new virtual banking licenses
Competition is keen in the market and enquiries have declined.
Ping An Bank with enough capital for proposed higher dividends: analyst
The China-based bank has proposed to pay a 30% dividend in 2023.
Hang Seng Bank names ex-Ping An deputy chief exec as new general counsel
Mabel Chu served as deputy chief executive (functions) of Ping An OneConnect Bank.
Ping An Bank profits up 45% in Q2, but NIM contraction to continue
Whilst fee income and loan growth is robust, capital position weakened.
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The Hong Kong-based digital bank was awarded for its efforts in driving innovation in digital banking.
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