News
Bangkok Bank sees net profit rise 42.1% to $1.16b in 2023
Bangkok Bank sees net profit rise 42.1% to $1.16b in 2023
Net interest income rose, but fees and service income decreased.
Bangkok Bank earmarks over $560m for SME loan program
It aims to help Thai SMEs either expand to foreign markets or assist those still impacted by COVID-19.
India’s ICICI Bank to maintain healthy earnings in the near term
Credit growth is expected to remain strong, at between 17% to 20%.
NETS to resume selling and use of FlashPay card
The current card-based ticketing system will operate alongside the SimplyGO system.
Mastercard hires marketing veteran as VP and head of marketing and comms for SEA
Dheeraj Raina had worked for several advertising and media firms.
Thailand’s SCBX sees net profit rise 15.9% to $1.22b in 2023
Cost-to-income ratio decreased to 42% from 45.2% in 2022.
OCBC appoints ex-SMBC bankers as new China corporate banking head
Seth Tan brings over 27 years of experience into the role.
Hang Seng enables credit card customers to use loyalty points in AlipayHK
They can use their loyalty points to pay at over 150,000 outlets that accept AlipayHK payments.
Ex-JP Morgan banker named chairman of Bahrain neobank Singapore Gulf Bank
Edmund Lee was formerly vice chairman of APAC for JP Morgan Chase & Co.
Indonesian banks extended more new loans in December
This was thanks to a rise in demand from both corporates and households.
Malaysian central bank warns against entities impersonating it
A social media post had claimed that the central bank is supporting an investment platform.
Bank Tabungan Negara’s asset sale push a positive for the bank: analyst
The bank plans to offload $262m of bad loans in 2024.
Thailand’s Krungsri net profit up 7.2% in 2023
Contributions from overseas businesses drove up loan growth and fee income.
What businesses should prioritise in generative AI adoption
Banks should focus on integrating new technology into banking processes without forgetting that humans are at the center.
Anna Pruska, PhD, appointed President of the Management Board of Comarch S.A.
The Extraordinary General Meeting of Comarch S.A. was held on 3 January 2024.
38% of financial institutions attain full-stack observability
There is an urgent need for traditional FSI and insurance companies to digitally transform due to increased competition and consumer expectations for digital access to services.
Banks urged to exit low-return businesses to clinch $7t value: analysts
They must also simplify business models and embrace their “tech” identity.
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