News
OCBC Q1 profit rises 5% to $1.97b on fee gains
OCBC Q1 profit rises 5% to $1.97b on fee gains
Net interest income fell, but wealth-led gains and higher fees lifted total income.
HSBC unveils invitation-only Privé World Legend Mastercard
A Mastercard-exclusive dining club will launch at the Hong Kong International Airport later in 2026.
Manappuram banks on gold for growth but target "aggressive": CreditSights
Gold lifted loans in both its parent firm and microfinance industry.
Hong Kong’s Mox achieves breakeven in Q1, unveils wealth platform
Mox+ offers preferential FX pricing, enhanced deposit rates, and early access to new products.
UOB's Q1 profit down 4% to $1.1b on lower fee and interest income
Trading and investment income also fell 13% compared to Q1 2025.
CIMB's Thai auto sale frees $331.21m and improves profitability
CIMB Thai has been a drag to its parent company.
BNI's 20.1% loan growth masks weakening private-sector demand
Wholesale segments are lifting up BNI’s loans.
Citi names Raj Rathi as India chief of M&A business
Rathi served as head of strategy and corporate development for an India fantasy sports tech company.
CIMB Thai sells auto financing portfolio to Krungsri
CIMB Group expects CIMB Thai’s ROE to improve to double digits after the sale.
Bank phishing declines but still drives 26% of attacks
Bank services may be becoming increasingly difficult to successfully impersonate.
Krungthai Bank sees costs staying in line as it prepares JV for bad loans
The Thai bank believes that wealth management will drive its income growth through 2028.
Asia-Pacific deal values drop to $127 billion after major tariff shock
Total transaction values plummeted after April trade restrictions forced a summer long freeze in regional merger and acquisition activity.
OCBC to acquire $6.6b HSBC Indonesia wealth, retail banking business
The deal is expected to lift its Indonesian unit’s AUM by about 25%.
MAS pilots cross-bank AI models to detect scam risks
All sensitive data used in the exercise will be permanently deleted once complete.
Citi hires StanChart veteran to lead Hong Kong corporate banking
Anita Li joins Citi in July.
NAB profit falls 19% to $1.98b on large notable items
Net interest income rose by 8.5% whilst total operating expenses hit a 32.47% increase.
Fusion Bank’s loans double in 2025 on mainland firms’ overseas ambitions
Its commercial loan balance rose to HK$2.3b, it said.
Commentary
How alternative data lending is reaching Southeast Asia's unscored MSMEs
Asia is leading payments modernisation and banks can't afford to fall behind
Investing in an inefficient market
Platinum cards, paper-thin compliance?
Energy price volatility highlights structural gaps for managing FX risk in APAC