News

CIMB’s net profit up 10.7% to $1.71b in 2024

They’ve proposed a second interim dividend of 20 sen per share.

DBS and SMF partner to drive sustainability in SG’s manufacturers

They aim to support 500 small and mid-sized manufacturers.

India’s restored risk weights offer modest impact to banks

The move will enhance flow of credit from banks to better-rated NBFCs.

Alliance Bank’s net profit up 7.9% to $123.9m in 9M FY2025

Overall loans rose 14.2%, with commercial loans growing fastest.

Loans extended in Australia rose 6.5% in January

Business loans rose the fastest compared to the same month in 2024.

Hang Seng Bank welcomes HK budget initiatives

Meanwhile, HSBC’s CIO expects AI to benefit from the announced plans.

Thai banks told to use dynamic pricing

They are struggling because their pricing strategy is not transparent and too reactive.

Banks should use the right AI for the job

The proper solutions improve operations at a cost-effective price. 

Thai digital banks urged to rethink playbook

They should acquire customers from the get-go with profit in mind.

Fubon Bank to benefit from UOB’s China retail banking exit: S&P

Fubon has the economies of scale to get more traction out of the business.

Airwallex expands into New Zealand

It appointed Lowry Gladwell as associate director of New Zealand.

OCBC leads regional sustainable finance rankings in 2024

As of September 2024, the bank’s sustainable finance loan commitments reached $64.7b.

Alipay enables Amex card linking to pay in China

Alipay now enables 7 international card brands to pay in China.

HK’s card payment market to grow 11% in 2025

Credit cards accounted for 77.7% of the overall card payment value in 2024.