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Bank of East Asia’s profits up 75.8% to HK$2.63b in H1
Bank of East Asia’s profits up 75.8% to HK$2.63b in H1
Higher interest rates pushed up profits, but non-interest income fell.
Security Bank launches human capital management platform
It will service its 7,000-strong workforce.
1 in 4 Hong Kong consumers eyes getting a loan with fintechs, neobanks
Although traditional banks remain the preferred choice, 1 in 5 are ready to jump ship to another provider.
Bank of Singapore names Credit Suisse banker as new global COO
Jacky Ang is also Credit Suisse’s SG branch manager and head of wealth management.
DBS unveils metaverse game tackling global food waste
Singapore players will be treated to extra rewards, redeemable through DBS PayLah!
Mizuho, Shinhan ink cooperation agreement to service start-ups
They will provide financial services to start-ups in accordance with start ups’ growth stage.
China’s financial sector may be hit by Zhongrong’s missed payments
The ongoing property sector downturn poses a larger risk for the trust industry.
China state-owned banks to post ‘sharp’ revenue decline: report
Banks are battling lower lending rates, ongoing property woes, and low interest margin.
India’s card payments market to rise 28.6% to $337.1b in 2023
Consumers in India are increasingly embracing electronic payments, GlobalData said.
DLT, digital money rise as securities sector eye faster settlements
The move to T+1 has given birth to challenges in the securities ecosystem, said Citi.
Regulatory dynamics remain a pressing issue in fintech
Collaborating with traditional banks emerges as central concern in the industry's evolution, as well.
Validus Capital co-founder to share secrets in solving SME lending challenges
Co-founder and Executive Chairman Vikas Nahata reveals how Validus empowers SMEs in Southeast Asia with transparent supply chain financing.
Jeonbuk Bank profits to weaken from real estate lending woes
Asset quality and profitability will weaken through 2024, Moody’s said.
QR payments seen to skyrocket by 2028 – Study
Its transaction volume is expected to reach 90 billion by 2028.
Which countries charge the highest ATM withdrawal fees?
The Philippines is the most expensive place in Asia to withdraw cash via ATM.
Gojek launch point rewards program with yuu, DBS
Users can earn up to 37 points for every $1 spent on Gojek rides.
DBS Hong Kong finalises HK$800m green loan with HSH
KPIs set include reduction in carbon intensity, increase in waste diversion rate, amongst others.
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The Asian connection: China's path to sustainable growth