News
Kotak Mahindra Bank set for growth as RBI lifts restrictions
Kotak Mahindra Bank set for growth as RBI lifts restrictions
The Indian bank is allowed to onboard new customers and issue new credit cards.
HSBC’s profits rise in FY2024; total dividend is $0.87
The fourth interim dividend is $0.36 per share.
Mizuho Bank, GenZero ink MOU for transition credit-use
They aim to develop capital raising mechanisms that use the credits.
Endowus launches US dollar time deposit service in Hong Kong
Minimum service is US$10,000, and rates are updated daily.
BoCom to prioritize risk control, moderate loan book growth: S&P
Its loan book is projected to grow slower in 2024-2026.
MariBank launches new investment offering
The Mari Invest Income offers zero transaction fees with S$1 minimum investment.
Hang Seng Bank profits up 3% to HK$18.38b in 2024
Earnings per share is HK$9.33; whilst total dividend is HK$6.8.
Thai banks’ lending dip 0.4% in Q4 2024
Central bank says there is need to monitor SMEs and households’ ability to repay debt
PH central bank unveil council for strengthening cyber resilience
The council will implement the BSP’s Financial Services Cyber Resilience Plan.
Sumitomo Mitsui unveil Grantee Introduction Services
Customers will be connected to entities and institutions that support education.
HSBC sells Bahrain retail banking business
It expects to complete the transaction in Q4 2025.
UOB net profit rises 6% to $6b in FY24
It will return $3b to shareholders over the next three years.
HK credit card receivables rebound 7.9% to $162.2b in Q4 2024
The combined delinquent and rescheduled ratio remained stable at 0.4% at the end of Q4.
EBANX secures MPI license approval in principle
This approval enables EBANX to offer a comprehensive range of payment services in Singapore.
Standard Chartered named banking partner for StraitsX stablecoins
The partnership aims to enhance the reserve management of StraitsX’s stablecoins.
Southeast Asian countries' credit growth diverges
Thailand has been hit with weak economic growth, whilst
ABS warns of rise in card phishing scams
Banks will roll out additional verification, the ABS said.
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