News
Japan’s SMBC sets up private credit fund in Europe
Japan’s SMBC sets up private credit fund in Europe
The fund will focus on loan investments to middle market businesses.
PH banks report rise in household loan demand for Q2
Demand for both loans to households and enterprises rose, official data showed.
Philippine banks more wary of lending to companies
Borrowers’ net profiles and profitability reportedly deteriorated in Q2.
Eddie Yue reappointed chief exec of Hong Kong central bank
His annual fixed pay is $7.4m for the five-year term.
SaaS proves beneficial to banks’ financial efficiency and security
Banks streamline IT costs and improve security with SaaS solutions.
Philippine banks need to update strategies for competitive advantage
Less than 10% of revenue is allocated to information technology.
Higher smartphone access needed to propel digital wallets use
Digital wallets are set to account for 61% of global ecommerce payments by 2027.
ANZ China’s outlook stable amidst strategic position
It is expected to maintain its capital buffer over the next two years.
Indonesia’s new loans rise in Q2
New loan disbursements are expected to further grow in Q3.
Thailand and Japan renew bilateral swap agreement.
The size of the BSA remains at $3b or its equivalent in yen.
Philippine central bank achieves digital retail payments target
As of 2023, 52.8% of monthly retail payments are made digitally.
Singapore’s cash use in POS to fall at just 7% by 2027: study
E-wallets will become Singaporeans’ payment method of choice.
SCBX reports 15.6% net profit decline in Q2
Economic growth fell short of expectations, SCBX’s CEO said.
UOB names Susan Hwee as head of group retail
Eddie Khoo to retire; Lawrence Goh is new head of GTO.
UOB to see 200 tonne-reduction in CO2e emissions with DHL pact
UOB’s international parcel deliveries will now use sustainable aviation fuel.
CashOn launches digital currency lending matching platform in Hong Kong
CashOn connects customers to licensed financial institutions.
DBS launches bond portfolio managed by BlackRock
Customers can invest for a minimum of $1,000 and a 0.6% annual management fee.
Commentary
Asia’s banks hold the mandate to innovate. Now they must earn it.
Why Asia's banks are rebuilding their credit infrastructure in 2026
Banks retreat, private credit advances: Asia Pacific’s quiet lending revolution
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Will stablecoins disrupt the banking business?
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