News
MUFG invests $338.5m in India’s DMI Finance
MUFG invests $338.5m in India’s DMI Finance
DMI Finance has provided loans to 15.2 million customers in India as of March 2024.
MariBank touts dual retail-SME focus, leverages Shopee ties to scale growth
It seeks to disprove doubters of digital banking, which has struggled to live up to the hype.
Evolving digital strategies boost brand equity and revenue
Precise targeting is essential for maintaining long-term brand equity.
Blockchain enhances liquidity in private and alternative investments
Blockchain makes private investments more accessible and boosts financial inclusion.
Chinese banks’ assets, profits expand in Q2
Assets of large commercial banks expanded 7.9% during the quarter.
South Korean banks’ net income down 11% in H1
Interest income grew but net interest margin (NIM) dipped.
Bank of East Asia logs HK$2.1b profit for H1
Ongoing commercial real estate (CRE) concerns led to the 19.9% decline.
Millennials, Gen Z embrace investing earlier than older gen
Financial security and family support are their top goals in investing.
Social Islami Bank faces weakened funding and liquidity
The possible withdrawal of central bank support can hurt depositor confidence.
Geopolitics, elections to take APAC banks in a “bumpy ride” in H2
Financial institutions are overall well-buffed against risks.
7 in 10 wealth owners keep assets in at least 2 countries: survey
The report surveyed 13,500 individuals with a net worth between $3m and $99m.
DBS enhances gov’t grant payouts using blockchain for faster distribution
Once conditions are met, the cash is disbursed automatically.
BOCHK warns against suspicious SMS messages
It reminded customers that it will only send messages starting with a “#”.
EastWest Bank reports $62.12m net income for H1
Its deposits and loans expanded by over 10% compared to H1 2023.
Cambodia, Philippines ink MOU for closer financial cooperation
Representatives participated in a bilateral meeting to discuss macroeconomic and financial developments.
Higher loans carry RCBC’s net income to $79.87m in H1
Net interest margin rose 41 basis points to 3.71%.
Metrobank nabs ex-Citi banker as deputy head of HR
Angeles has worked for Citi, BDO, and HSBC.
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