Retail Banking
Aussie mutual lenders may consolidate to fewer than 10: analyst
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.
PH central bank pushes for digital wage payments
PH central bank pushes for digital wage payments
DBS launches multi-currency commercial debit card
Businesses can lock in rates 1 year in advance.
Military Commercial JS Bank to sustain profits despite rising bad loans
Its NPL ratio deteriorated to 1.6% in June 2024 vs 1.4% a year earlier.
Chinese banks must move from size reliance to sustain profits
Most struggle to diversify their income sources as they seek short-term growth.
Bangladesh’s political situation exacerbates banking system’s problems
Much-needed policy changes may be delayed.
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