News

Woori’s billion-dollar insurance buys will have little impact on banking arm

Woori Bank is expected to maintain its asset quality, although NIM may narrow.

Banks must expand net zero targets, set clearer O&G goals: org

Japan, SoKor have yet to set medium and long-term targets aligned with a 1.5°C scenario.

PH banks’ loans up 10.4% in July

Growth of loans to residents slowed over the month.

Hong Kong fines WeChat Pay HK for legal breaches

WeChat Pay Hong Kong self-reported the case.

Proposed bill lets police block bank transactions in ongoing scams

The bill does not cover traditional cheating cases involving in-person interactions.

Asia Pacific drives 54% of bancassurance market growth

The market is seen to expand by 6.74% this year.

UNOBank pushes embedded finance in Philippines

The platform seeks to boost its digital banking business and expand financial services.

HSBC Singapore names James Coyle as independent non-exec director

Coyle had previously served on the boards of HSBC UK and HSBC Trust.

Higher deposits, wealth buoy BOCHK to 17.9% profit rise in H1

Interim dividend for the period is HK$0.57 per share.

MUFG boosts energy market presence with trading approvals, stake buy

It has clinched approvals from TOCOM and the Japan Securities Clearing Corporation.

Thaioil takes up sustainable deposits, linked swaps with SCB

Funds from deposits will support projects that reduce environmental impact.

India warns against fraudsters’ posing as central bank employees

They would use fake letterheads or threaten to close bank accounts.

Trust Bank unveils cashback card with 15% bonus rate

Until 31 December, new customers get an unlimited cashback of 1.5%.

HKMA launches sandbox to accelerate tokenisation adoption

The sandbox will facilitate interbank settlement using experimental tokenised money.