News

Malaysian banks’ loan ratio at 1.6% in Feb

Loan loss coverage is at 120% of impaired loans, central bank data showed.

Malaysian banks’ loan ratio at 1.6% in Feb

Loan loss coverage is at 120% of impaired loans, central bank data showed.

Chart of the Week: Singapore investment banking fees down 14% in Q1

Advisory fees from M&A transactions fell by 74% during the quarter.

BOCHK warns against phishing email

It advised customers to delete suspicious emails and attachments without opening them.

VP Bank names Will Wang as wealth head in Hong Kong

Wang is also now chief representative of the VP Bank AG Hong Kong Rep Office.

MAS expands regulations for digital payment token service providers

It will impose requirements for anti-money laundering and user protection.

China Merchants Bank says it’s “challenging” to achieve Q1 earnings growth

The bank is bracing for a margin squeeze and guided for tepid fee income.

Japanese banks ‘less reluctant’ to finance hostile takeovers: report

Banks are seeing a rise of deals related to unsolicited bids for corporate takeovers.

HDBank charts best-ever profits of $524m in 2023

The bank’s profits have grown at a rate of 49.1% over the past decade.

Mandated property lending poses challenges for Agricultural Bank of China

ABC also faces a moderate decline in profits following recent rate cuts.

Tighter interest margins and rising bad loans weigh on CCB

The non-performing asset ratio is expected to rise to 4.48% in 2024.

SIA taps Mastercard for Southeast Asia loyalty card programs

The co-branded credit and debit card programs offer new ways to earn KrisFlyer miles.

SMBC reels new managing executive officer and co-head for Asia Pacific

Katsufumi Uchida succeeds Yuichi Nishimura in this role.

16 foreign e-wallets now accepted in Japan through Alipay+

Alipay, KakaoPay,  Touch ‘n Go, GCash and TrueMoney are the most popuar.

Bangkok Bank’s large credit reserves lends stability to problem loans

The bank is expected to maintain strong solvency and liquidity.

Hang Seng Bank unveils HK$33b SME Power Up Fund

Products include an SME Financing Guarantee scheme and non-collateralized loans.

Ant International launches Programme Sirius for enhanced sustainability

The initiative is in line with the United Nations’ sustainable development goals.

Singapore leads Southeast Asia in financial management interest

It was driven by rising per capita income and a growing wealthy demographic.