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Bank of India hopes for profit turnaround in Q4
Bad loans provisions more than doubling to $1.29b dragged the bank to higher net loss in Q3.
Bank of India hopes for profit turnaround in Q4
Bad loans provisions more than doubling to $1.29b dragged the bank to higher net loss in Q3.
APAC's asset and wealth managers to hit US$29.6t in AUM by 2025
Shanghai is set to rise as an AWM hub along with Singapore and Hong Kong.
Bangkok Bank profit up 7% to $1.11b in 2018
Non-interest income rose 9.1%.
Siam Commercial Bank Q4 profit hit by sharp provision spike
Provisions surged 73% as asset quality deteriorated.
Philippines' BPI taps on IBM for $260m digital transformation plan
The firm will provide IT infrastructure to support an agile IT and hybrid cloud.
DBS unveils loadable QR Ang Bao for Chinese New Year
They will be available from 25 January and can be used until 15 March.
CIMB offers reimbursement scheme for foreign remittance
CIMB Preferred customers can get up to $24.31 per day.
Morgan Stanley beefs up Asian wealth team
It will hire 50 RMs in Hong Kong and Singapore over the next three years.
TMB-Thanachart Bank merger to secure approval by end-January: official
The government approved tax incentives last year to ease consolidation.
Woori Bank adopts financial holding company structure to boost nonbanking arm
It will start working on acquiring REITs and savings banks.
Myanmar's MAB launches wealth banking platform
The bank is aiming to double its premium members within one year.
Korea's IBK gets go-ahead for takeover of 2 Indonesian banks
It is aiming to merge the two banks to launch IBK Indonesia within 2019.
HSBC enhances credit card rebate programme in Taiwan
It will allow cardholders to exchange every NTD from cash rebate for two airline miles.
OCBC launches digital dashboard for SMEs
The dashboard features over 40 business apps.
Philippine Business Bank merges with Insular Savers Bank
The deal facilitates PBB’s entry into the microfinance space.
UOB renews bancassurance deal with Prudential for 15 years
The bank will continue to the latter's products in five Asian markets.
DBS launches online portal giving SMEs the digital leg up
SMEs can access accounting, digital marketing and cybersecurity solutions.
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