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RHB and AmBank gets go ahead to discuss possible merger
RHB and AmBank gets go ahead to discuss possible merger
Both banks already entered into an exclusivity agreement to finalise merger terms.
Citi to open Korea desks in Vietnam and Czech Republic
There are seven Korea desks in different locations currently.
Bank of the Philippine Islands' NPL ratio improves to 1.5% in Q1
The bank's credit cost is expected to be 41bps in FY17.
Bank of Singapore to hire more relationship managers
It added 20 relationship managers in Hong Kong this year.
Sumitomo Mitsui Financial Group hit by negative rates and shrinking margins
Profits could be slashed by up to $900,000 over the next three years.
OCBC launches standalone mobile payments app
QR code cashless payments are now available at close to 2,500 NETS terminals.
DBS, Nishi-Nippon City Bank collaborate to support Japanese SMEs
They will offer discounting of exports bills.
Credit Suisse, UOB fined for 1MDB-related lapses
Singapore's central bank imposed fines of more than $1.1m in total.
24 APAC banks commit to implement SWIFT gpi
Over 110 banks in total have now joined gpi.
Maybank's net profit up 19.3% to US$397m in Q1
Net operating income also increased 3%.
CIMB's net profit up 45% to US$275m in Q1
Find out what the positives were for the quarter.
UOB beats DBS, OCBC in net interest income growth for three consecutive quarters
Net interest income grew 2.1% in Q1.
RHB's asset quality stable in Q1
Gross impaired loans ratio slipped to 2.39%.
OCBC launches onshore private banking in Indonesia
It aims to capture the wealth management needs of 48,000 high net worth individuals.
Check out what Westpac has to say about the new bank levy
It would result in a new cost of $65m in the second half of 2017.
MUFG's restructuring to add 7bps to its profitability
The reorganisation is expected to increase pre-tax profits by around US$43b.
Bank Rakyat Indonesia's NPLs feared to increase by 50bps
But NPL was still stable at 2.17% in April.
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Cards & Payments
Compliance and legacy systems stall B2B payment shift
Retail drives digital payments as B2B adoption lags.
Commentary
Why high capital levels are a double-edged sword for Singapore banks