News
Wise unveils international business payment account in Hong Kong
Wise unveils international business payment account in Hong Kong
It has no minimum balance requirement and no monthly subscription fees.
Endowus revamps HK advisory and investment leadership
Four new key appointments have been made.
Chinese banks’ DeepSeek adoption brings risk management challenges
DeepSeek’s lower cost will widen gen AI access in the banking sector, S&P said.
Nomura’s profitability, earnings stability strengthen through 2025
Enhanced risk management will reduce risk of losses and earnings volatility.
PSBank hits all-time high net income of $89.97m on higher loans
Total gross loans rose 15% due to strong demand.
Singapore banks recalibrate ASEAN strategies
The three banks stand to see growth opportunities in the Johor- Singapore SEZ.
MUFG Bank to invest in life sciences investment fund
The fund aims to establish startups as well as develop and launch new drugs.
Siam Commercial Bank targets top wealth manager spot in Thailand
SCB CEO expects Thai assets to exceed $1t by 2028.
China CITIC Bank and HKA launch travel card
Cardholders can earn up to 26,000 points when spending HK$25,000 within the first 5 months of issuance.
Hang Seng Bank executes pilot trades under RMB Trade Financing Liquidity Facility
It is one of the first banks to participate in the facility.
CIMB’s net profit up 10.7% to $1.71b in 2024
They’ve proposed a second interim dividend of 20 sen per share.
DBS and SMF partner to drive sustainability in SG’s manufacturers
They aim to support 500 small and mid-sized manufacturers.
India’s restored risk weights offer modest impact to banks
The move will enhance flow of credit from banks to better-rated NBFCs.
Alliance Bank’s net profit up 7.9% to $123.9m in 9M FY2025
Overall loans rose 14.2%, with commercial loans growing fastest.
Loans extended in Australia rose 6.5% in January
Business loans rose the fastest compared to the same month in 2024.
Visa and CIMB PH to deliver banking services to Philippine SMEs
They will offer a new business debit card by Q3.
Hang Seng Bank welcomes HK budget initiatives
Meanwhile, HSBC’s CIO expects AI to benefit from the announced plans.
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1. Revolut Singapore hits first year of net profitability in 2024 2. CIMB pledges S$2.98b to support Johor-Singapore SEZ 3. DBS and OCBC expected to report lower margin in Q1 on SORA easing 4. Union Bank of the Philippines ‘aggressive’ growth strategy brings more problem loans 5. Bank of America appoints Phil Carmalt as head of APAC GPSResource Center
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The Asian connection: China's path to sustainable growth