News
Total deposits in Hong Kong inch up 0.2% in July
Total deposits in Hong Kong inch up 0.2% in July
Hong Kong dollar deposits fell but foreign currency deposits rose.
QCP Trading granted major payment institution licence in Singapore
It can now offer spot DPT trading services to institutional clients.
Malaysia’s CIMB Bank reports 2.77% lower profit in H1 2025
Basic earnings per share is MYR46.69 for the period.
ABN AMRO Clearing Bank granted restricted banking licence in Hong Kong
There are now 16 restricted licence banks in the city.
Hong Kong’s mortgage loan applications, approvals rose in July
Mortgage loans for primary market and secondary market transactions both increased.
Citi sees APAC convertible/ exchangeable bond issuance hitting record high
Further brisk issuance in H2 2025 will push volumes to highest on record, the bank said.
Sunshine Insurance GWP grows 5.7% YoY in H1
Net profit attributable to the parent also grew by 7.8% YoY to $3.7b.
Higher interest rates, fees lifts MUFG’s profitability
Earnings contribution from subsidiary banks will also support its profitability.
Maybank’s net profit up 4% to $1.23b in H1
Loans increased in Malaysia and Singapore but fell in Indonesia.
Cathay United Bank, RCBC to jointly promote Taiwan investments to the Philippines
CUB saw an increase in clients seeking advisory services for market entry in the PH.
Crédit Agricole CIB names Quentin Galmiche as APAC head of corporate & leveraged finance
Galmiche has been chief of staff to the CEO of Crédit Agricole CIB since 2022.
Indonesians can now pay with national standard QR in Japan
They can use QRIS to pay in Japanese merchants scanning the JPQR.
China and New Zealand renew currency swap facility
It is valid for 5 years and has been renewed three times before.
South Korea’s new loans, deposit interest rates dip in July
Average loan rates to the corporate and household sectors fell.
Investors embrace transition investing despite risks, gaps in benchmarks
87% of high-net-worth investors in Asia are drawn to transition investing.
Singtel and UOB relaunch credit card with 12% cashback
The card also removes foreign currency transaction fees, offering increased utility for overseas spending.
Maybank Singapore’s profit before tax down 5.8% to S$363.82m in H1
Net fund-based income rose 17.9% due to balance sheet growth and cost management.
Thought Leadership Centre
Most Read
1. Singapore banks introduce safeguard for large digital withdrawals 2. SMBC Group establishes offshoring hub in Chennai, India 3. Singapore banks lead globally in AI use for financial crime compliance 4. Private lenders step in as Hong Kong banks cut real estate loan growth 5. CIMB unveils new wealth management platform in MalaysiaResource Center
Read Here
Advertise
Sign Up
Event News
Asian Banking & Finance Retail Banking Awards 2025 Winner: Kwong Wah Eric Fan of Shanghai Commercial Bank
Kwong Wah Eric Fan of Shanghai Commercial Bank highlights how the company drives fintech growth through digital transformation.
Commentary
Electronic trading proves its strength in times of volatility