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Union Bank of the Philippines’ net income doubles to $62.69m in Q1
Union Bank of the Philippines’ net income doubles to $62.69m in Q1
It noted some trading losses associated with the Iran conflict, however.
Bank Mandiri Q1 profit up 16.6% as Agrinas drives loan growth
The bank is prioritising asset quality and underwriting discipline, leading to slower retail loan growth.
FWD Macau taps Banco Well Link for bancassurance partnership
The offer includes insurance services for high-net-worth individuals.
Commonwealth Bank of Australia deploys agentic AI to detect scam patterns
It also creates new rules to intercept scams, approved by the bank’s fraud analytics team.
Citi forms new investor group to replace asset managers cluster
Vikram Chavali will continue to lead FSI for JANA and Asia South.
Natixis CIB opens branch in India’s GIFT City
It offers foreign currency denominated structured products and finance, amongst others.
Ant Int’l deploys privacy enhancing technologies in Alipay+
Only encrypted data is transferred to Alipay+ for processing.
CIMB sees no Q1 asset quality hit from oil shock
Direct, first-order impact on its overall portfolio is likely to be contained, according to management.
Lower credit costs lift ICICI Bank profits to $1.46b in Q4
Net interest income grew 8%.
HDFC Bank profit rises 9% to $2.04b on treasury income gains
But fee income growth is slower than expected.
Fragmented rules and AI push banks to overhaul controls
Governance gaps and rising cyber risks force tighter oversight as AI scales.
Over 2 in 3 APAC adults say financial scams are on the rise: LSEG
Australians are most concerned about scams whilst the Chinese are likeliest to lose money.
SCBX net profit down 18.5% to $316.85m in Q1 on lower interest income
SCBX said it conducted a comprehensive review of the loan portfolios across SCB.
HSBC appoints Desmond Kuang as Asia chief investment officer
He is currently the chief investment officer for China.
KBank’s net profit up 42.71% to $456.16m as Middle East conflict yet to bite
The increased economic uncertainty may pose risks to its future operating performance.
Standard Chartered and A*STAR set up an AI for Banking Innovation Lab
The three-year partnership is expected to accelerate AI research.
Kiatnakin Phatra Q1 net profit surge 84% on fee growth and lower losses
Credit costs did rise in Q1 as the bank braces for the geopolitical impact.
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