News

HDBank charts best-ever profits of $524m in 2023

The bank’s profits have grown at a rate of 49.1% over the past decade.

HDBank charts best-ever profits of $524m in 2023

The bank’s profits have grown at a rate of 49.1% over the past decade.

Mandated property lending poses challenges for Agricultural Bank of China

ABC also faces a moderate decline in profits following recent rate cuts.

Tighter interest margins and rising bad loans weigh on CCB

The non-performing asset ratio is expected to rise to 4.48% in 2024.

SIA taps Mastercard for Southeast Asia loyalty card programs

The co-branded credit and debit card programs offer new ways to earn KrisFlyer miles.

SMBC reels new managing executive officer and co-head for Asia Pacific

Katsufumi Uchida succeeds Yuichi Nishimura in this role.

16 foreign e-wallets now accepted in Japan through Alipay+

Alipay, KakaoPay,  Touch ‘n Go, GCash and TrueMoney are the most popuar.

Bangkok Bank’s large credit reserves lends stability to problem loans

The bank is expected to maintain strong solvency and liquidity.

Hang Seng Bank unveils HK$33b SME Power Up Fund

Products include an SME Financing Guarantee scheme and non-collateralized loans.

Ant International launches Programme Sirius for enhanced sustainability

The initiative is in line with the United Nations’ sustainable development goals.

Singapore leads Southeast Asia in financial management interest

It was driven by rising per capita income and a growing wealthy demographic.

UOB names new head of global group markets and new Hong Kong CEO

Kelvin Ng and Adaline Zhang bring over two decades of experience to their new roles.

BEA’s Mongkok Branch open 7 days a week until 30 June

It will be open from 1PM to 5PM on weekends during the period.

APAC banks ready for Basel III

Transition is not expected to have a substantial impact on capital requirements.

Japan’s policy rate may rise to 0.25% by end-2025: Fitch

Regional banks will not benefit much from rising interest rates, however.

BEA unveils new credit evaluation process for SMEs in trade sector

It has teamed up with PAOCCRA and will use the Commercial Data Interchange of HKMA.

Taiwan’s First Commercial Bank boasts sound asset quality but property risks abound

It should be able to mitigate these risks with its conservative LTV ratio and solid economic conditions.

OCBC cross-border QR payments to quadruple in 2024 on China tourist wave

The bank anticipates 250,000 cross-border QR payments this year.