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BRI’s asset quality deterioration has likely peaked: UOBKH
BRI’s asset quality deterioration has likely peaked: UOBKH
Credit costs are expected to remain elevated at 3.2% and 3% in 2025/26, however.
India’s AU Bank clinches in-principle approval to become a universal bank
The Jaipur-based bank is said to be the largest small finance bank in India.
Late payments, bad debts drag on Asia’s B2B trade flows: survey
An average of 44% of B2B credit sales are affected by late payments, it found.
iSignthis fined $10m for breaching Australian disclosure laws
Former MD and CEO Nickolas Krantzis penalized $1m for breaching his director duties, amongst other reasons.
Commercial lending to reach $29.37b by 2030
Access to large sums of money, shorter application processes, and low interest rates boosted its growth.
Norinchukin Bank logs $395.49m profit in Q1 FY2025
This is a reversal from its JPY412.7b loss a year earlier.
Philippine central bank eyes new rules to tackle online gambling
It will include daily limits to gambling-related transfers and time-based restrictions.
Indonesia, Malaysia, Thailand name new banks for local currency transaction framework
The banks will facilitate cross-border settlement of trade and investment.
ANZ rolls out home loan policy changes to aid self-employed Australians
Earlier in July, Westpac halved its income assessment to one year.
Chinese banks to see only mild impact from tax on bond interest income
The policy is also likely to increase the financing cost of banks for issuing new bonds.
StanChart sets up JV in Hong Kong to apply for stablecoin issuer licence
SCBHK, Animoca Brands, and HKT earlier participated in Hong Kong’s stablecoin issuer sandbox.
Ant Int’l’s WorldFirst gains Malaysia licence to expand international payments
WorldFirst will expand its product offerings and roll out new services, it said.
Cathay United Bank to make its debut in Japan with Tokyo branch
It plans to assist Taiwanese companies expanding in the market.
HDBank’s profit after tax up 24.26% to $306.28m in H1
The bank cited its digital transformation, credit growth, and risk management.
Citi hires HSBC banker as head of China global banking network
Luen-Yuan Chu will head the corporate banking of international companies operating in China.
DBS’ net profit flat in H1 despite higher tax expenses
Markets trading income rose to its strongest performance in four years.
UOB’s net profit down 3% to S$2.83b in H1 2025
Interim dividend is 85 cents per ordinary share.
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Electronic trading proves its strength in times of volatility