News
EastWest Bank reports $62.12m net income for H1
EastWest Bank reports $62.12m net income for H1
Its deposits and loans expanded by over 10% compared to H1 2023.
Cambodia, Philippines ink MOU for closer financial cooperation
Representatives participated in a bilateral meeting to discuss macroeconomic and financial developments.
Higher loans carry RCBC’s net income to $79.87m in H1
Net interest margin rose 41 basis points to 3.71%.
Metrobank nabs ex-Citi banker as deputy head of HR
Angeles has worked for Citi, BDO, and HSBC.
PwC loses Bank of China as client: report
Bank of China plans to appoint EY as its auditor for 2024.
Krungthai Card to miss loan growth target for 2024
It should be able to maintain its NPL ratio below 2% for the whole year.
Chinese banks’ Q2 earnings subdued as balance sheet growth decelerates
But NIM and asset quality pressures are improving.
Indian banks’ net interest margin decline as deposit costs rise
Deposit costs rose by up to 90 basis points for some banks.
Demand for cross-border payments rises as int’l payments scale
The share of people using int’l real-time payments is rising.
Top banks’ market cap up 5.4% in Q2
China’s big four banks saw growth although NIMs fell.
Futu bags $1.2b net income in Q2 2024
Earnings per share stood at 1.08 Hong Kong cents.
‘Deteriorating’ property market leads to 1% drop in Fubon Bank’s H1 net profit
Total impairment losses amounted to HK$279m.
StanChart beefs up leadership of trade and transaction banking teams
SC appointed new banking heads based in Singapore and Germany.
MUFG to support info and comm infrastructure projects in Uzbekistan
MUFG will work with authorities to increase capacity for organising internet channels, amongst others.
Japan’s Rakuten Bank surpasses $74.75b in deposits
The bank reported over 16 million accounts as of July 2024.
Malaysia’s corporate loans grow faster in Q2
Household loans grew at the same pace as in Q1.
SG banks, insurers customer experience quality unimproved in 2024
It's become difficult to distinguish leaders from laggards as the gap has narrowed.
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1. Deutsche Bank partners with finaXai on token fund servicing 2. HSBC cuts dozens of analyst jobs in investment banking overhaul: report 3. Malaysia fines Maybank Islamic for info submission lapses 4. HSBC Malaysia penalized $690,000 for customer screening non-compliance 5. OCBC names Elaine Heng as head of global commercial bankingResource Center
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