Retail Banking
Chinabank’s net income up 10% to $116.8b in Q1 2025
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.”
Bank Pembangunan appoints Maybank Islamic CEO as new chief
Dato’ Muzaffar Hisham is BPMB’s new group CEO.
Mizuho Financial Group’s profits rise to record high JPY885.4b in FY2024
Annual dividend is JPY140 per share.
Sumitomo Mitsui FG’s profit up 22.3% to $8.12b in FY2025
Its return on equity is expected to rise to 9% to 10% in the next five years.
Singapore banks deliver resilient Q1 earnings and reaffirms capital mgmt plans
Exposure to clients exporting to the US accounted for just 2% of loans.
SMBC board opposes proposals to amend articles on financial and climate risk
The board said that the proposals are inappropriate.
SMBC names Luis Pereira as co-regional CIO for APAC
He will partner with Fumitaka Kato, co-regional CIO for APAC.
Credit Saison India secures $150m funding from Japan’s Mizuho Bank
Mizuho Bank had earlier made an equity investment for a 15% stake in the company.
TMBThanachart Bank’s net profit down 5.17% to $152.7m in Q1
Earnings per share is THB0.05 for the period.
China remains committed to supporting megabanks: analyst
The megabanks are expected to expand lending to support “national priorities.”
Mizuho joins initiative to promote sustainable aviation fuel adoption in APAC
It is the only Japanese company amongst founding members.
Japan’s SMBC is buying a 20% stake in India’s Yes Bank
Yes Bank is India’s sixth-largest private sector commercial bank in India.
Indonesian banks reap returns from IT investments
Bank Mandiri’s digital fee income grew by double digits.
Commentary
Young Malaysians, big money mistakes: What’s going wrong with Islamic financial behaviour?