Retail Banking
Maybank profit up 9% to MYR5.02b in H1; first interim dividend is 29 sen
Maybank profit up 9% to MYR5.02b in H1; first interim dividend is 29 sen
This is thanks to its non-interest income growing 28.4%.
Bangkok Bank approves 2 baht dividend for H1
The dividend will be paid on 20 September.
Chinese banks’ assets, profits expand in Q2
Assets of large commercial banks expanded 7.9% during the quarter.
Bank of East Asia logs HK$2.1b profit for H1
Ongoing commercial real estate (CRE) concerns led to the 19.9% decline.
Geopolitics, elections to take APAC banks in a “bumpy ride” in H2
Financial institutions are overall well-buffed against risks.
Aussie mutual lenders may consolidate to fewer than 10: analyst
Up to 40 mutual lenders may consolidate and potentially disappear, said S&P analyst Lisa Barrett.
BOCHK warns against suspicious SMS messages
It reminded customers that it will only send messages starting with a “#”.
EastWest Bank reports $62.12m net income for H1
Its deposits and loans expanded by over 10% compared to H1 2023.
Higher loans carry RCBC’s net income to $79.87m in H1
Net interest margin rose 41 basis points to 3.71%.
Metrobank nabs ex-Citi banker as deputy head of HR
Angeles has worked for Citi, BDO, and HSBC.
PwC loses Bank of China as client: report
Bank of China plans to appoint EY as its auditor for 2024.
Chinese banks’ Q2 earnings subdued as balance sheet growth decelerates
But NIM and asset quality pressures are improving.
Indian banks’ net interest margin decline as deposit costs rise
Deposit costs rose by up to 90 basis points for some banks.
Top banks’ market cap up 5.4% in Q2
China’s big four banks saw growth although NIMs fell.
‘Deteriorating’ property market leads to 1% drop in Fubon Bank’s H1 net profit
Total impairment losses amounted to HK$279m.
SME Bank partners with MARC to support Malaysian SME growth
They will combine their expertise in data and business coaching.
Japan’s SMFG reports higher Tier 1 capital and ratio for 2024
But its total capital ratio was slightly lower than a year ago.
Commentary
The Asian connection: China's path to sustainable growth