News
Malaysia’s SME Bank sees 158% increase in entrepreneurs financed in H1
Malaysia’s SME Bank sees 158% increase in entrepreneurs financed in H1
About 1,632 have benefitted from the Maju Usahawan MADANI programme.
Citi names Jig Patel as head of prime finance for JANA and Asia SouthB
Patel will be based in Hong Kong.
Techcombank names Jens Lottner as CEO for a second term
Lottner’s term, which takes effect on 18 August 2025, will be up to 2030.
UOB strengthened deposit franchise, saw more bad loans in Q2
Its NPL formation was elevated in Q2, according to UOB Kay Hian.
PH central bank names new deputy governor for financial supervisory
Lyn Javier succeeded Chuchi Fonacier, who retired on 1 August 2025.
Krungthai Bank and partners establish virtual lender Clicx Bank
Clicx Bank has a registered capital of THB50m to start.
PSBank’s net income at $37.85m in H1 on loan book growth
Core revenues rose 7%, and operating expenses declined by 2%.
Philippine Business Bank’s net income at $18.75m in H1 2025
The bank will continue to focus on the SME market as its core strategy.
Gen Alpha’s high financial literacy challenges banking norms
Nearly all APAC children now have financial accounts.
Bank Rakyat Indonesia’s net income down 11.25% to $1.63b in H1
Operating income declined whilst net provisions for impairment losses rose.
BRI’s asset quality deterioration has likely peaked: UOBKH
Credit costs are expected to remain elevated at 3.2% and 3% in 2025/26, however.
India’s AU Bank clinches in-principle approval to become a universal bank
The Jaipur-based bank is said to be the largest small finance bank in India.
Late payments, bad debts drag on Asia’s B2B trade flows: survey
An average of 44% of B2B credit sales are affected by late payments, it found.
iSignthis fined $10m for breaching Australian disclosure laws
Former MD and CEO Nickolas Krantzis penalized $1m for breaching his director duties, amongst other reasons.
Commercial lending to reach $29.37b by 2030
Access to large sums of money, shorter application processes, and low interest rates boosted its growth.
Norinchukin Bank logs $395.49m profit in Q1 FY2025
This is a reversal from its JPY412.7b loss a year earlier.
Philippine central bank eyes new rules to tackle online gambling
It will include daily limits to gambling-related transfers and time-based restrictions.
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1. MAS cracks down on influencers promoting financial products 2. OCBC to enable scan and pay on all China merchant QRs by Q1 2026 3. MAS expands Ripple’s scope of payment activities in Singapore 4. DANA Indonesia launches verified digital wallet for teens 5. HitPay and Visa to expand Philippine SMEs’ payment acceptanceResource Center
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Asian Banking & Finance Fintech Awards 2025 Winner: Bhagavi Sridharan of Aditya Birla Capital Digital
Bhagavi Sridharan explains how the ABCD app offers a seamless, unified experience across diverse financial products.
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Fighting fraud in the digital banking age