News
Deposits in China rise 6.4% from households, NBFI deposits
Deposits in China rise 6.4% from households, NBFI deposits
RMB deposits rose over 2 trillion dollars from households and NBFIs.
Loans in China rise 7.2% in Dec 2024
Outstanding renminbi loans grew, but foreign currency loans dropped.
Vietnam meets with SoKor to diversify investment from state FX reserves
The central bank is also looking to strengthen its asset management capacity.
Fusion Bank, WeBank ink commercial cooperation agreement
Fusion Bank can utilise WeBank’s digital banking tech.
Airwallex expands to Brazil, Mexico
It finalized the acquisition of MexPago and obtained a license in Brazil.
BCA, Bank Syariah Indonesia on track for double-digit profit growth
Indonesian banks are in-line to deliver profit growth.
Employment, not prices, to weigh on Hong Kong banks’ loans
Banks will face ‘minor but manageable’ pressure on such portfolios.
Japan’s SMBC launches new finance scheme for semiconductor industry
SMBC will structure loans based on valuations made by two firms.
Overseas Filipinos’ personal remittances up 3.5% in Nov 2024
Cumulative remittances are on track to rise by 3% for 2024.
MUFG execs take pay cut after safe deposit box incident
The bank is also strengthening its safe deposit box checks and procedures.
Hong Kong leads APAC loan market with US$113.3b in 2024
Offshore loans for Chinese corporates drove Hong Kong’s loan volume, totalling to US$66.7b or a 19.5% increase compared to 2023.
Singapore loan market sees nearly 49% growth in 2024
Key driver was the borrowing activity by commodities firms, which accounted for US$18.4b or 23% of the total loan volume
DBS welcomes deepening financial market ties between Hong Kong, China
It will broaden overseas investment channels for mainland institutional investors, a DBS managing director said.
Maya disbursed $1.16b in loans in 2024
It now holds almost $666.9m in deposit balances.
Singapore FIs face stricter regulatory scrutiny in 2025
Singapore bucked the trend in 2024, with more fines issued.
Vietnam’s ABBANK launches new business digital banking platform
It offers money transfer services and quick bill payment options.
Here’s how Basel 4 may impact Malaysian banks
The Basel 4 credit risk framework implementation could have greater impact.
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1. Revolut Singapore hits first year of net profitability in 2024 2. CIMB pledges S$2.98b to support Johor-Singapore SEZ 3. DBS and OCBC expected to report lower margin in Q1 on SORA easing 4. Union Bank of the Philippines ‘aggressive’ growth strategy brings more problem loans 5. Bank of America appoints Phil Carmalt as head of APAC GPSResource Center
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Compliance and legacy systems stall B2B payment shift
Retail drives digital payments as B2B adoption lags.
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The Asian connection: China's path to sustainable growth