News
South Korea's average deposit, loan interest rates fell in May
South Korea's average deposit, loan interest rates fell in May
Interest rate on new deposits fell 8 basis points from a month earlier.
JCB enables Apple Pay for Vietnamese cardholders
JCB cardholders from Vietcombank, MBBank, and VPBank will enjoy the new service.
Citi nabs Nomura senior MD as co-head of investment banking in Japan
Citi managing director Taiji Nagasaka will lead alongside new hire Akira Kiyota.
Philippine thrift banks grew total assets by 6% to $19.5b t in 2024
Lending activities rose by 14.7% during the year.
Chart of the Week: HK credit and charge card market to reach $132.4b
Banks are rolling out new services, such as a mobile virtual card and a dual-currency card.
CommBank deploys AI-powered bots to fight scams
The bots engage scammers, gather intelligence, and disrupt scam operations, it said.
ANZ’s group executive for technology and group services is retiring
Gerard Florian will pursue a “non-executive career”, the statement said.
Krungsri unveils corporate banking plans in ASEAN
It affirmed its desire to support Japanese corporations operating in Thailand.
Thailand’s central bank names new deputy governor
Suwannee Jatsadasak is now deputy governor, corporate development.
AEON Credit Service’s profit up 31.3% to US$13.9m in Q1
Earnings per share is 26.11 HK cents.
JCB cardholders can now use cards to ride Shanghai, Beijing subway systems
It can be used in all 21 Shanghai subway lines and 29 Beijing subway lines.
MAS fines five payment firms $960,000 for AML/CFT breaches
These breaches were uncovered during MAS' examinations for compliance.
HSBC GPB appoints Ann Ling as APAC head of wealth planning and advisory
She will take over her new role on 1 July 2025.
Jeonbuk Bank weighed by large unsecured personal loans
Profitability may decline through 2026 due to declining loan yields.
Bank Negara Indonesia to see continued NIM pressure in Q2
Loan growth should accelerate in H2 2025.
Lenders in Asia Pacific may seek safe havens on geopolitical, tariff woes
Automakers and part suppliers are feeling the most heat from the tariffs.
PBCOM appoints new treasury trading team head
Justin Labadan will begin in his new role on 1 July 2025.
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Asian Banking & Finance Retail Banking Awards 2025 Winner: Kwong Wah Eric Fan of Shanghai Commercial Bank
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Commentary
Electronic trading proves its strength in times of volatility