Retail Banking
Norinchukin reports $12.6b loss for FY2024
Norinchukin reports $12.6b loss for FY2024
It aims for a JPY30b to JPY70b net income for FY2025.
Public Bank’s net profit up 5.6% to $413.6m in Q1
Return on equity is 12.4%.
DBS’ ‘superior’ funding franchise a buffer against volatile financial markets
However, problem loans are likely to increase, and profitability will decrease.
EastWest modernises retail and corporate operations with SaaS adoption
It expects to benefit the bank’s more than 3 million customers in the Philippines.
RCBC posts ₱1.517t in assets in strong Q1 2025 performance
The report showed a QoQ increase in both solo and consolidated assets. On a solo basis, RCBC’s total assets rose to ₱1.509t.
Vietnam’s two-year fintech sandbox takes shape
The trial, which will take effect on 1 July, is a step in the right direction.
Citi launches AI tools for Hong Kong employees
One tool can summarise, compare, and translate multiple documents at the same time.
UnionBank unveils fully digital personal loan application process
Loans can be provided in as fast as 5 minutes upon approval.
Security Bank partners with tax filing platform Taxumo to offer business loans
Loan products include an express loan, mortgage loan, and working capital loan.
SMBC names DBS MD as head of corporate banking for APAC
Joyce Tee brings three decades of experience working in the banking industry.
Mizuho to make additional $4.74m cash contribution into Trust company
It plans to acquire a maximum of 197,000 shares.
Weaker rupiah won’t weight much on Indonesian banks
There is a limited mismatch between their deposits and FX loans, says Fitch.
Chinabank’s net income up 10% to $116.8b in Q1 2025
Net interest income and total assets both grew double digits during the quarter.
Malaysia’s lending grew by 5.5% in Q1 2025
Household loans grew by 6% during the quarter.
BDO Network Bank is officially a thrift bank
It has secured regulatory approvals to convert from a rural bank.
Philippine bankers’ orgs ink MOU to improve banking skills
They will promote seminars, conferences, conventions, and training programs.
China’s property market stabilisation is good news for lenders
But regional banks will still struggle, as recovery of lower-tier cities is still “lagging.”
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