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HK-listed Chinese banks deliver 23% higher returns in 8M 2024
HK-listed Chinese banks deliver 23% higher returns in 8M 2024
Major banks’ plans to distribute interim dividends lifted market sentiment.
Siam Commercial Bank announces disruptions to SCB EASY app
It will be unavailable from 1AM to 5:30 AM on September 21-22.
Weekly Global News Wrap: Tech, rate woes weigh on regional lenders; VP Bank exiting Hong Kong?
And Russia’s Sberbank says it's business in India is booming.
Net interest margin to strain China Construction Bank’s profitability
Lower provisions could help offset earnings pressures.
Bank of China to weather potential losses, asset quality strains: S&P
Bad loans ratio for its mainland property loans has shrunk to 4.94% in June 2024.
Agricultural Bank of China to withstand property crunch
Exposure to the mainland property sector has shrunk to 3.67% of its loan book.
AGTech acquires controlling stake in Ant Bank Macao for $30.23m
AGTech now owns 51.15% of Ant Bank (Macao)'s issued shares.
CIMB logs 14% net profit growth in H1; interim dividend is 20 sen
CEO Novan Amirudin attributed this to operating income growth, amongst others.
UNOBank pushes embedded finance in Philippines
The platform seeks to boost its digital banking business and expand financial services.
Thaioil takes up sustainable deposits, linked swaps with SCB
Funds from deposits will support projects that reduce environmental impact.
India warns against fraudsters’ posing as central bank employees
They would use fake letterheads or threaten to close bank accounts.
Korean banks’ total capital ratio rises to 15.76% in Q2
CET1 ratio rose 0.18ppt to 13.18% over the same period.
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.
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He highlights the importance of cultural context, workforce mobilisation, and data-driven strategies in financial sector innovation.
