News
Thailand’s KBank unlikely to meet credit cost normalisation target: analysts
Thailand’s KBank unlikely to meet credit cost normalisation target: analysts
Credit costs are expected to remain at a high level in 2024.
Alipay+ teams up with Pakistan’s NayaPay
NayaPay customers can now accept payments from Alipay+’s 25 global payment partners.
Siam Commercial Bank advised to overhaul mobile app: analysts
Its app logged 26 failure occurrences in 2023, UOB Kay Hian analysts said.
Endowus unveils new diversified investment portfolios for Hong Kong investors
The CashUp Portfolios are single investment products that provide exposure to multiple funds.
Citi SG, Mastercard offer enhance debit card privileges to high net worth clients
Citibank has also pledged to restore 1,000 trees monthly over a two-year period.
Mizuho, BPI renew business cooperation agreement
The agreement aims to provide Japanese companies with banking support in the Philippines.
DBS targets all manned branches to be green mark platinum certified by end-2024
Currently, 33 of its 41 manned branches have already clinched the rating.
New loans in Indonesia to moderate in Q1: survey
The weighted net balance is at 96.1% in Q4 2023, but is only expected to be 44.6% in Q1.
South Korea’s financial firms expect loan demand to rise in Q1: survey
Credit risks from corporations and households are also expected to rise, however.
Bangkok Bank sees net profit rise 42.1% to $1.16b in 2023
Net interest income rose, but fees and service income decreased.
Bangkok Bank earmarks over $560m for SME loan program
It aims to help Thai SMEs either expand to foreign markets or assist those still impacted by COVID-19.
India’s ICICI Bank to maintain healthy earnings in the near term
Credit growth is expected to remain strong, at between 17% to 20%.
NETS to resume selling and use of FlashPay card
The current card-based ticketing system will operate alongside the SimplyGO system.
Mastercard hires marketing veteran as VP and head of marketing and comms for SEA
Dheeraj Raina had worked for several advertising and media firms.
Thailand’s SCBX sees net profit rise 15.9% to $1.22b in 2023
Cost-to-income ratio decreased to 42% from 45.2% in 2022.
OCBC appoints ex-SMBC bankers as new China corporate banking head
Seth Tan brings over 27 years of experience into the role.
Hang Seng enables credit card customers to use loyalty points in AlipayHK
They can use their loyalty points to pay at over 150,000 outlets that accept AlipayHK payments.
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