News

NAB buys Citi’s Australian consumer business for $882m

NAB buys Citi’s Australian consumer business for $882m

Citi Australia’s senior management and about 800 employees are expected to join NAB.

Hong Kong finance experts on optimizing customer journeys whilst mitigating fraud risks

LexisNexis Risk Solutions and Asian Banking & Finance's latest webinar discussed ways on how the most tech-savvy banks are safeguarding their clients' data whilst not compromising services.

Over $6b of Indian banks’ loans in possible jeopardy: report

Future's botched sale of retail assets could lead to problems for State Bank of India, other lenders.

Singapore banks push ahead to post-pandemic era

Significant loan book exposure in China is helping them recover faster than their regional peers.

Bank of Thailand base rate to hold through 2022: Fitch

This comes at the back of a bleak economic outlook due to the recent COVID-19 outbreak.

Singapore Fintech Festival 2021 to discuss Web 3.0 for financial uses

It will take place from 8 to 12 November as a hybrid event.

Singapore banks post robust net profit results

All three major banks reported net profits of more than $2b for the first six months of 2021.

DBS profit up 54% to record S$3.71b in H1, 33 cents DPS announced

Fee income rose to a record as wealth fees hit new heights.

Myanmar limits foreign staff allowed in domestic banks: report

Major banks can now employ no more than 25 foreign staff.

Hong Kong’s Airstar Bank launches pilot trial of SME Easy Pay Loan

After transferring their existing installment loan, customers can enjoy a first 24-month principal payment holiday.

BNPL continues to gain traction with Square’s $29b acquisition of Afterpay

Afterpay accounts for 7.7% of Australia’s e-commerce market.

What keeps young Muslims from embracing Islamic banking?

The lack of available online banking options will be a dealbreaker for most.

OCBC net profit soars by 86% to $2.6b in first half

The net profit growth was driven by a robust banking and insurance performance.

UOB net profit up 29% to $2b in first half of 2021

Its wholesale banking revenue was driven by large corporate and institutional clients from Singapore and Greater China.

SG bank loans expand by a record-breaking 3.5% in June

This is the fastest rate of expansion since October 2018.

Hong Leong Bank, Mastercard launch debit card in Cambodia

Until October, 1% of each transaction made using the card will be donated to Kantha Bopha Children's Hospital.