News
Malaysian banks’ loan loss provisioning to rise in Q2 but will be largely stable
Malaysian banks’ loan loss provisioning to rise in Q2 but will be largely stable
GILs rose in May but declined in June, as corporates likely made repayments.
AEON Bank, foodpanda eyes raising digital banking adoption amongst riders, merchants
They will collaborate in customer acquisition and digital financing, amongst others.
HSBC’s Q2 results ‘solid’ despite BoCom loss and Hang Seng’s weak profits
Hang Seng Bank reported higher-than-expected credit losses on Hong Kong real estate.
RHB signs bancassurance deals with Tokio Marine Life, Takaful Malaysia
RHB will distribute life insurance, family takaful, and general takaful products.
SMBC’s profits down 1.5% to $2.5b in Q1 FY3/2026
Net interest income rose, but net trading and other operating income declined.
Mizuho’s profits up 1.2% to $1.93b in Q1 FY2025
MFG has revised its full-year earnings outlook upward.
HSBC’s profits down 30.6% to $11.51b in H1 2025
Revenue declined by 9% to $34.1b during the six-month period.
HSBC GPS names Edmund Lo as regional head of investment counsellors
He first joined HSBC in 2011.
SMBC appoints Joy Kwek to lead capital markets & solutions in APAC
Kwek joins from Morgan Stanley.
Hong Kong’s stablecoin bill boosts wealth management, pressures payments
Stablecoins issued in Hong Kong could increase competition particularly in wholesale payments.
KASIKORNBANK’s K PLUS now a payment method in Google Play
K PLUS has over 14 million users on Android devices.
Hang Seng Bank’s credit risks rise, but capital buffers remain strong
Credit losses rose to HK$4.86b in H1 versus HK$1.5b a year earlier.
Security Bank establishes wealth segment, announces new CFO
New CFO Allen Reyes previously worked at Singlife and Deutsche Bank.
Chinabank’s net income up 14% to $222.83m in H1 2025
Both net interest income and net interest margin rose during the period.
SMBC sets up VC fund to invest in US fintech startups
It has a fund size of $300m.
Malaysia fines Bank Islam Malaysia MYR3.44m for service disruptions and AML/CFT screening
BIMB had multiple unplanned downtimes between June 2023 and December 2024.
Hang Seng Bank’s profits down 30% to HK$6.88b in H1 2025
Fees and other income rose 34% during the period.
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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