News
Malaysia logs 5.1% non-bank sector credit growth in October
Malaysia logs 5.1% non-bank sector credit growth in October
Business loans and corporate bonds boosted credit for the month.
Hong Kong total deposits up 5.8% YTD in October
Hong Kong dollar deposits grew, but renminbi remittances fell.
CIMB Group’s profit rise 12.57% in 9M 2024; EPS is MYR18.98 for Q3
The group expects its net interest margin to normalise and see some pressure in Q4.
Mastercard, ADB promote financial inclusion in APAC MSMEs
Mastercard’s fund is allotting $5m to the ADB.
Thailand’s banking system loans contract 2% in Q3
Loans to petrochemical, electronic, and automotive sectors fell.
Vietnam’s central bank urges credit firms to reduce loan fees, simplify process
Credit institutions are asked to review fees with view of possible exemptions.
Three Indian banks penalized for lending violations
Two banks sanctioned loans to its directors, the RBI stated in separate notices.
HKMA launches digital bond grant scheme to boost digital securities market
Issuers of eligible digital bonds may receive a maximum grant of $2.5m.
GCash eyes 2025 IPO, looking to raise up to $1.5b
If successful, this is slated to be the biggest IPO in the Philippines.
Siam Commercial Bank offers 0% interest solar panel installation packages
The package includes solar panels, inverter equipment, and installation.
HSBC Hong Kong’s real estate risks to persist through 2025
The bank should see good profitability, strong capitalization, and adequate liquidity, however.
Siam Commercial Bank, Praram 9 Hospital to develop ESG-aligned financial products
Praram 9 Hospital is the first private hospital to join the Sustainability Deposit initiative.
Singapore banks well-positioned to manage challenges: MAS
The banking system has strong capital and liquidity buffers, the central bank said.
UOB, SGE ink MoU to deepen gold market cooperation
UOB is the only bank providing gold products in Singapore.
Financial crimes to continue to squeeze bank profits
More sophisticated crooks and stricter rules are expected to increase compliance costs.
SBI Funds Management names Nand Kishore as managing director and CEO
SBI Funds Management is a JV between the State Bank of India and Amundi.
DBS inks MOU to assists Japan SMEs’ Asian expansion
DBS will provide financing and professional services support.
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1. Revolut Singapore hits first year of net profitability in 2024 2. CIMB pledges S$2.98b to support Johor-Singapore SEZ 3. DBS and OCBC expected to report lower margin in Q1 on SORA easing 4. Union Bank of the Philippines ‘aggressive’ growth strategy brings more problem loans 5. Bank of America appoints Phil Carmalt as head of APAC GPSResource Center
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The Asian connection: China's path to sustainable growth