News
HSBC to close 114 branches in the UK
HSBC to close 114 branches in the UK
Some of the closing branches serve less than 250 customers a week.
Public Bank’s net profit up 3% to $1b in 2022
A second interim dividend of 4 sen per share has been announced.
Bank of East Asia offers preferential interest rate to green mortgage customers’ time deposits
It follows in the footsteps of BEA’s Green Mortgage Plan.
Over 75% Singaporeans ‘definitely’ want better online banking services
The majority of Singaporeans now use mobiles apps for bank services.
Nomura eyes $1b potential revenue boost from equities, wealth: report
CEO Kentaro Okuda said that it needs to raise revenues in these businesses to boost Nomura’s returns.
MAS, BOJ renew bilateral local currency swap agreement
The two central banks can exchange local currencies of up to S$15b.
DBS Asia Capital names Lindsay Chu as new CEO
Prior to joining DBS, has worked senior roles in HSBC, Nomura, and J.P. Morgan.
FinTechs to prioritise securing talent: PwC
Lack of domestic talent was cited amongst the main weaknesses in Singapore’s industry.
Dah Sing Bank joins Mastercard’s Priceless Planet Coalition
As a banking partner, Dah Sing Bank will raise customer awareness towards reforestation.
South Korea’s credit card payments market to be worth $890b in 2026
In the near term, rising interest rates may discourage card use.
Citi Philippines grants $20m loan to financially assist low-income women entrepreneurs
ASA Philippines Foundation supports 2 million women across the country.
Cambodia’s ABA Bank launches instant card issuance kiosks
Over 191,000 cards have already been issued since launch.
Techcombank teams up with Adobe to deliver personalized banking solutions
The bank will use Adobe’s cloud platform to analyze customers’ browsing behavior.
HSBC Global Private Banking launches discretionary digital platform in Asia
It makes use of building blocks to construct clients’ portfolios.
Thai banks called to supercharge profitability by enacting future-oriented strategy
They’ve lagged behind their peers, with market cap falling to just 8% of ASEAN.
Maybank’s net profit rises 28.5% to $658.5m YoY in Q3
The bank benefitted from Southeast Asia’s improving economic environment.
Thailand banks’ loans up 5.3% in Q3
Corporate loans rose from a year ago and consumer loans also grew.
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1. OCBC targets 100 senior leaders to be ICF ACC accredited by 2027 2. China CITIC Bank Int’l, Hang Seng Bank support offshore RMB repo reforms 3. GXS Bank rolls out money lock feature 4. Vietnam’s lenders bolstered by reforms and foreign direct investment 5. HKMA study identifies AI and data analytics as key banking skillsResource Center
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Asian Banking & Finance Fintech Awards 2025 Winner: Lester Cruz of Singlife Philippines
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