News
South Korean domestic banks’ earnings rose 15% in 2023
South Korean domestic banks’ earnings rose 15% in 2023
Banks are bracing for more bad loans and raised their allowance for bad debts.
BDO reports 28% higher net income of $1.32b in 2023
Consumer loans and deposits both rose during the period.
BOCHK warns of fraudulent website in phishing scheme
The case has been reported to Hong Kong authorities.
Game changer: Gen AI can transform how banks tackle regulation and risk
Banks are advised to prepare a catalog of prod ready gen AI services and solutions.
Strong liquidity, moderate risk to prop up Gunma’s “weak yet improving” profits
Gunma Bank’s problem loan ratio has improved to 1.6%, from 2.3% previously.
BOJ disbursed $66.4b in loans to stimulate bank lending
The outstanding balance of 6 major banks is at $218b.
Allianz Life, HSBC Malaysia unveil two new investment-linked funds
Its fund manager is BlackRock.
ELS-related losses to reduce Koreans’ operating profits by up to 34%: Fitch
Banks are believed to have accounted for 82% of $14.4b in ELS sales in 2023.
Citi appoints Lin Hai as head of China commercial bank business
Lin was most recently head of corporate sales & solutions for China and HK.
'Tighter' financial conditions to weigh on Singapore's lending market: MAS
Risks include high inflation, geopolitical tensions, and spillovers from China's economic situation and global real estate market strains.
Chart of the Week: Australia’s card payments to rise 8% in 2024
Debit cards rise with Australians reluctant to take on credit card-related debt.
11 South Korean financial firms found violating rules in selling HK-tied securities
Authorities will soon issue a guideline for the firms to compensate investors.
Taiwan banks’ loans up by $10.78b in January: FSC
The bad loans ratio rose to 0.15%.
Maybank Singapore prevents loss of S$1.16m across 17 cases
One case sees a service manager prevent a S$37,000 scam.
Vietnam’s HDBank ramps up lending to support rice production
The bank also offers a loan programme with 0% interest to agriculture and rural areas.
Bangkok Bank unveils financing service for gold traders
It has partnered with InterGold Gold Trade Co. to launch an online lending service to gold traders.
DCS Card Centre secures add’l $100m upsize in asset-backed notes
The funds will be allocated to finance DCS's receivables from retail and corporate customers.
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