Retail Banking
Philippine cash remittances up 3% to $3.18b in July
Philippine cash remittances up 3% to $3.18b in July
Cumulative cash remittances for the January-July 2025 period is now at $19.93b.
GXS Bank expands SME lending after Validus acquisition
It’s also targeting Grab merchants and Singtel customers for financing.
ASIC eases disclosure rules on deposit rates for banks
The relief is extended until 1 October 2030.
ANZ fined $240m for incorrect trading reporting and misconduct
This is the largest ever announced by ASIC against one entity.
South Korea’s home mortgage loan growth inch up in August
Resumption of non-face-to-face lending brings back household loans to a growth.
Hong Kong banks lift H1 profits on non-interest income growth
The four banks’ net interest margins are expected to improve in H2 2025.
China renews bilateral swap agreement with ECB, Switzerland, & Hungary
The agreements are valid between three to five years.
ANZ to lay off 3,500 staff, reduce services contractors engagement
It expects a restructuring charge of $560m before tax in H2 2025.
New Zealand seeks feedback on liquidity framework and new CLF
It proposes changes for open market operations, such as reducing the max tenor.
Australia’s ASIC inks MOU with India to enhance cooperation arrangements
They aim to facilitate mutual assistance and information sharing, amongst others.
SCB EASY app adjusts maximum daily transaction limit
Transactions included are transfers to other SCB accounts, accounts to other banks, etc.
Malaysian banks to sustain profits despite slower loan growth
S&P expects loan growth to slow to 4%-5% over the next two years.
CIMB names new growth markets, Singapore unit chief
Victor Lee Meng Teck has resigned and will be on “gardening leave.”
India’s Bank of Baroda teams up with SIDBI to back MSE sustainability
It is part of the bank’s efforts to foster a greener and more sustainable future.
SeaBank Philippines rebrands name to MariBank Philippines
Both the central bank and local SEC have granted approval for the corporate name change.
NAB names Kanishka Raja as CEO of Ubank
Raja has held leadership roles in Ubank for the past four years.
Philippine banks’ loans up 11.8% in July
This extends the growth in June, albeit at a slower pace, official data showed.
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