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Philippine bank loans rise 12.1% in May despite softer card and auto loans
Philippine bank loans rise 12.1% in May despite softer card and auto loans
Loans for manufacturing and trade activities rose during the month.
Philippine central bank welcomes banks' move to cut fund transfer fees
An earlier circular directed banks to bring interbank transfer fees to zero.
Alipay links AI agent to 30 million Tap! devices
Merchant can talk to “Xiaoyu” and receive an analysis of their operations.
China bank assets grow 8% in Q1 despite rise in bad loans
Assets of large commercial banks grew faster than that of join-stock commercial banks.
Indonesia Big 4 profit grows 9.3% as state banks drive gains
BNI and BCA could take advantage of a high-interest rate environment, said CGSI.
Ujjivan Small Finance Bank rolls out mutual fund distribution services
It is available multi-channel such as via internet banking and mobile banking.
Philippine National Bank's property arm eyes PSE listing with no date set
PHC is undertaking the necessary documentation and preparatory steps for the listing.
Maybank Indonesia unifies five entities under single conglomerate
The move unifies governance, oversight, and operating framework of the companies.
ANZ names ex-NAB and Westpac exec to its board
Rachel Slade was most recently group executive, business and private banking at NAB.
Indian banks to post 10.1% profit growth in Q1 as NIM outlook splits
HDFC, ICICI, and Axis Bank may report a marginal NIM decline, Motilal Oswal said.
SEA fintech funding dips 4% in H1 despite Airwallex raise
Payments firm Airwallex raised $320m in its Series H funding round.
SME Bank Malaysia names Samad Majid Zain as CEO
He previously worked as a group chief operating officer at an investment bank.
SMBC names 13 new managing directors across APAC
The promotions span a variety of roles both front-facing and in the middle and back office.
Krungsri partners Thailand Post to co-develop financial and insurance products
The Thai bank will use the postal carrier service to develop new offerings.
HK bank scam complaints climb as AI tools weaponised
Deepfakes and generative AI use in scams are expected to increase.
Philippine banks brace for more bad loans and less profit
Fitch also flagged the rapid expansion in unsecured credit card receivables.
Philippine-based BPI to waive interbank transfer fees from 1 July
Transfers to banks and e-wallets will no longer cost $0.16 to $0.82.
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