News
CITIC Limited logs 1.1% YoY profit rise to $8.01b in 2024
CITIC Limited logs 1.1% YoY profit rise to $8.01b in 2024
Earnings per share is RMB2.00, whilst the final dividend proposed is RMB0.36 per share.
PSBC’s capital boost strengthens funding for rural and SME financing
Low capital has constrained PSBC’s growth in its niche area of rural and inclusive finance.
BNP Paribas names Marc Camus as chief information officer
Camus will oversee the bank’s IT strategy and IT System security.
Hyundai Card leads Korea’s credit card sales with PLCC dominance and data science
It holds a 78% market share in the private label credit card sector.
ZA Bank appoints Calvin Ng as CEO
Ng has been its executive director since September 2022.
Digital players steal market share from traditional banks
Value migration and AI-driven changes pose challenges for financial institutions.
Wealth apps fail meeting investor expectations
Experts warn bad UX and weak security erode client trust.
Bank of East Asia names Bi Ming-qiang as chief executive of BEA China
Bi was formerly CEO, executive director, and president of China CITIC Bank International.
China Citic Bank stays resilient with lower exposure to risky sectors
The bank is less vulnerable to challenges from the property and retail banking segments.
PH central bank orders FIs to strengthen surveillance against vote buying
The Philippines will hold elections in May 2025.
Singapore places fourth for most ‘ATMs near me’ Google searches
Sri Lanka, Malaysia, Mongolia, and Hong Kong also made the list.
MoneyHero partners with BPI to expand credit card offerings
Users can compare more than 20 credit card options in MoneyHero’s platform.
Mizuho buys tech-based carbon dioxide removal credits
It has joined a joint carbon credit facility to promote and disseminate such technologies.
UOB unveils FDI Advisory Centre in South Korea
The bank has helped over 150 Korean companies expand to SEA since 2011.
Indonesians desire better fraud protection in real-time payments
Nearly all of the Indonesians surveyed have sent and received RTP.
Bank of China Hong Kong stays resilient with buffer against CRE risks
S&P anticipates moderately slower asset growth.
India tightens microfinance rules to curb borrower overleveraging
Lending in the sector has slowed down as tighter rules began rolling out in 2024.
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Digital transformation starts with leadership
The future of Asian banking isn’t ‘AI-first’ – it’s ‘fearless-first’