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Westpac warns $954m profit hit from one-off impairments
Westpac warns $954m profit hit from one-off impairments
It is also hit with one-off costs from the sale of its insurance arm and specialist business.
Japan’s rural banks embrace more risks in search of profits
Their greatest enemy is time as business opportunities need years to take fruit.
Barclays appoints Angela Liu as CEO of China operations
Liu is tasked with strengthening the bank’s cross-border CIB platform in China.
CIMB Bank PH's gross transaction value triples in nine months
The bank now has nearly 5 million customers in total, and almost 1 million lending customers.
Eight in 10 ATMs in APAC are now automated deposit machines: RBR study
Over 1.4 million of 3.1 million ATMs globally now accept automatic note deposits.
China mulls adding crypto mining to 'negative list' of industries: report
Industries under the list are deemed off-limits for investments.
APAC banks on track for LIBOR phase-out: S&P
Singapore banks are leading the way in adopting alternative reference rates.
Digital payments in the Philippines reach 20.1% in 2020
The central bank said this is a substantial improvement from an estimate of 17%.
Singapore's virtual bank account ownership to soar 30% by 2026
The figure is equivalent to 1,510,495 adults in Singapore.
Nearly 2 in 5 HK adults will have virtual bank accounts by 2026
A total of 2,051,387 adults is projected to be virtual bank owners in five years.
UOB, ADDX digitise S$50m of Sembcorp’s sustainability-linked bond
They made use of blockchain and smart contact technology to achieve this.
Commercial banks to take intermediary roles when CBDCs roll out: S&P
Central banks will prioritise financial stability in this undertaking.
How Islamic banks boosted their reputation during the pandemic
Bank Rakyat was the most favourably-covered bank in the past year.
Maybank Singapore unveils new home mortgage, renovation green loans
The bank expects to process over 500 sign-ups yearly.
Why Malaysian banks are spending more on financial wellness apps
They spent the most amongst other markets in the Asia Pacific region.
Citi appoints head of natural resources & clean energy transition in Asia
William Pang will work with other NRCET leaders globally.
Only six new digital banks in the Philippines for now: BSP head
All nine additional applicants failed to submit documents.
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1. CIMB commits to Kuala Lumpur digital MSME push 2. BSP offers loan relief measures to ease energy price pressures 3. Affin Bank sees AI reshaping Malaysia wealth advisory over next 3 to 5 years 4. Malaysia finance firms see AI ambitions falter as legacy systems block progress 5. UOB faces margin pressure in Q1 as fees easeResource Center
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