News
SeABank exceeds target with 31% YoY profit surge
SeABank exceeds target with 31% YoY profit surge
The bank aims to record a 10% profit increase this year.
Barclays enhances APAC equities team with new head
He will be based in Hong Kong.
Shinhan Bank inks deal with Petrolimex Insurance on Vietnam expansion
The bank will distribute PJICO’s non-life insurance products.
Financial firms plan cautious 2025 pay raises
Region-wide, planned budget increases averaged 5.2%.
DBS, OCBC slated for Q4 net profit growth
Wealth management contribution will be higher than 2023 but lower from Q3.
Deutsche Bank, Yonyou ink MOU to enhance treasury management services
They aim to support the globalization strategies of Chinese enterprises.
Techcombank records 19.5% higher net profit of $851.96m for 2024
Fees and commission income fell, but interest income rose.
StanChart unveils cross-currency transactional FX solutions suite
It offers FX payment services across 130 currencies in over 40 markets.
Primer, dtcpay team up to expand stablecoin payments in SEA
Payment options include credit and debit cards, Apple Pay, and Google Pay.
Malaysia unveils centralized dispute centre for financial matters
The central bank has also raised the monetary limit for eligible disputes to MYR250,000.
Taiwan’s credit card balances up 0.88% in Nov 2024
Monthly write-offs rose whilst the amount of undue balance fell.
Deposits in China rise 6.4% from households, NBFI deposits
RMB deposits rose over 2 trillion dollars from households and NBFIs.
Loans in China rise 7.2% in Dec 2024
Outstanding renminbi loans grew, but foreign currency loans dropped.
Vietnam meets with SoKor to diversify investment from state FX reserves
The central bank is also looking to strengthen its asset management capacity.
Fusion Bank, WeBank ink commercial cooperation agreement
Fusion Bank can utilise WeBank’s digital banking tech.
Airwallex expands to Brazil, Mexico
It finalized the acquisition of MexPago and obtained a license in Brazil.
BCA, Bank Syariah Indonesia on track for double-digit profit growth
Indonesian banks are in-line to deliver profit growth.
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02
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Asian Banking & Finance Fintech Awards 2025 Winner: Bhagavi Sridharan of Aditya Birla Capital Digital
Bhagavi Sridharan explains how the ABCD app offers a seamless, unified experience across diverse financial products.
Commentary
Thailand backs major conglomerates for digital banks but risks stifling innovation