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Australian banks blame tighter credit checks for home loan decline
Australian banks blame tighter credit checks for home loan decline
Applications dwindled despite unchanged loan success rate.
Japan Post Bank doubles savings cap
Customers can now deposit larger sums of money.
Bank Negara Indonesia opens strong as loans grow 18% in January-February
Investment loan growth hit 14%.
OCBC sets up board committee on ethics and conduct
It will be chaired by OCBC bank chairman Ooi Sang Kuang.
DBS CEO Piyush Gupta's pay rose 15.5% to $8.62m after record-high earnings year
The CEO also saw a $3.31m cash bonus.
China Construction Bank's Q4 profit falls to $6.02b
This represents the first quarterly decline in three years.
Citi targets 30% growth of APAC wealth management clients in 2019
The bank is tagetting 30% growth of Citigold clients in China.
DBS' PayNow to be integrated in SIA's KrisPay
The firms will also introduce a DBS-SIA point conversion programme via the KrisPay app.
Standard Chartered Taiwan to inject $16.2m in upcoming web-only Line Bank
Line Bank will compete with web-only bank hopefuls as only two licences will be granted by Taiwan.
Chinese banks to offer preferential services for military personnel
ICBC, Bank of China and the Agricultural Bank of China are amongst the lenders offering discounted services to armed forces.
Bank Rakyat Indonesia profits from double-digit share price gains
Share price has risen 10%YTD which could translate to a 2019 net profit of $2.46b.
Alliance Bank Malaysia set to outpace sluggish industry growth
Its loans could grow 6% in FY20 and NIMs could expand 5bp.
RHB rolls out digital token for SMEs and corporates
Users can now maintain one device to manage multiple accounts.
Hang Seng Bank takes the lead in shaping a seamless customer experience with BERI and One Collect
The bank’s key focus will be on harnessing the power of fintech to bring more breakthroughs in digital services and channels.
Go-Jek doubles down to dent cash reliance in Indonesia
As much as 99% of transactions are still carried out through hard, cold cash.
Shinhan Financial Group pledges $40.52b in corporate loans by 2023
The group is also aiming to increase VC fund to $123.32m.
Citigroup fires eight traders in Hong Kong
An internal investigation found out that the traders misled clients.
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Experts explored how hybrid multi-cloud strategies and interconnected data centres are shaping the future of banking in the region.
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Why Singapore’s fast payments need faster protections