News

Thailand's KBank targets 5-7% loan growth in 2023

Thailand's economy will recover unevenly, varying across different businesses, KBank's CEO noted.
1 day ago

Thailand's KBank targets 5-7% loan growth in 2023

Thailand's economy will recover unevenly, varying across different businesses, KBank's CEO noted.
1 day ago

High inflation, interest rates may increase Southeast Asian banks’ loan problems

Both asset quality and profits will weaken but should be manageable, says Moody’s.
1 day ago

RHB Singapore offers 4.28% interest for its 12-month fixed deposit

The promotional rate is available only at RHB’s refreshed  Cecil Branch and Premier Centre.
2 days ago

Hong Kong’s card payments market to hit $106.7b in value by 2026

But rising interest rates and ongoing geopolitical tensions threaten growth.
2 days ago

Singapore banks to report flattish Q4 22 earnings amidst slow global growth

NIMs will rise but the expansion could decelerate due to higher funding costs.
2 days ago

Chart of the Week: India’s card payments market to reach $581.2b by 2026

The card payments market value grew 26.7% in 2022, according to estimates.
3 days ago

Weekly Global News Wrap: BNP Paribas vows to slash oil lending; Bank of America employees awarded restricted stock

And Barclays names ex-Credit Suisse dealmaker as head of investment banking.
3 days ago

China overseas loan commitments dwindle as firms adapt “small is beautiful” approach

Only 28 new loan commitments were recorded in 2020 and 2021.
4 days ago

Korean banks’ bad loans ratio up 0.02ppt in November

Ratio reflects loans overdue by at least one month.
5 days ago

India’s Yes Bank saw profit drop 80% in Q4 2022: report

The bank aims to recover INR10b in the current quarter, its chief executive said.
5 days ago

Australian structured finance issuance slowdown imminent in 2023: S&P

The multiple interest rate raises will begin to bite on issuers.
5 days ago

Filipinos spent 9 years in total using digital lending apps in 2022

Over 2.3 million users actively used a digital lending platform at least once a month.
5 days ago

DBS Hong Kong offers two-in-one instant loan and credit card combo 

Users just need to scan their HKID to get both cash and a digital card in a single application.

Dah Sing Bank, Sun Life enter bancassurance partnership in HK$1.5b deal

Beginning July, Sun Life will be the exclusive provider of life insurance solutions to Dah Sing’s customers.

Economic growth to cushion rising risks faced by ASEAN banks

Tightening of interest rate cycles in 2023 will weaken asset quality, says Fitch.

Payment cards account for 60.9% of e-commerce purchases in South Korea

Added-value benefits of using cards help maintain its dominance.