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Hong Kong’s uFinance offers student loans to college students
Hong Kong’s uFinance offers student loans to college students
They can borrow up to $21,050 per semester, at an interest rate of 6%.
Philippine bank lending rises on higher credit card, motor loan demand
Lending to key industries such as real estate and retail trade also rose.
Citi appoints Rob Chan as head of ECM Syndicate for Asia
Chan has been with Citi for 22 years.
Citi Indonesia names Wit Oemar as head of corporate banking
He is one of the founding members of Citi Commercial Bank in Indonesia.
Proposed capital injection to help Chinese megabanks expand loans
It will mitigate pressure from weakening internal capital generation, S&P said.
Smartpay, Chubb launch embedded insurance in Japan
Cashless payments account for 50% of consumer monthly spending in Japan.
CIMB launches 6-year roadmap to enhance operations
Forward30 aims to position CIMB for long-term growth.
DBS boosts sustainable financing to $89b in 2024
Customers invested over S$42m in sustainable funds.
PAObank secures insurance agency licence
It also inked a deal with China Ping An Insurance and FWD Hong Kong.
Prudential, StanChart cement 25 years of bancassurance tie-up
They have the longest-running bancassurance partnership in Singapore and Asia.
CommBank adds extra confirmation step for NetBank logins
Customers using the CommBank app will be prompted for confirmation.
Indonesia and Australia renew $6.2b bilateral currency swap agreement
It will last for 5 years.
Vietnamese banks may see up to 16% credit growth over next two years
Demand will come from the manufacturing, construction, and real estate sectors.
Airwallex to acquire Viet IPS provider CTIN Pay
Airwallex plans to aid merchants in their overseas expansion.
Bank of East Asia officially opens Global Services Centre
It is an IT Development & Test Centre for fintech solutions and AI adoption.
Crédit Agricole CIB names new APAC head of int’l trade & transaction banking
Christophe Crétot is most recently head of corporate & leverage finance APAC.
BDO Unibank’s net income up 12% to PHP82b on service businesses’ growth
NPL ratio is 1.83% and coverage is 145%.
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1. DBS partners with Austrade to help Australian companies expand into SEA 2. BTN pitches Indonesia’s subsidized mortgage scheme as a sustainable finance model 3. Citi Singapore almost triples wealth transactions after digital revamp 4. ASIC issues warning to influencers promoting high-risk financial products 5. MUFG eyes enhancing intra-Asia flows, sustainability, O&D in FY2025Resource Center
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He advises that fintechs must align tech investments with business goals and evolving customer expectations.
