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Higher interest and fees lift Japan’s SMFG to record profit for Q1
Higher interest and fees lift Japan’s SMFG to record profit for Q1
Net interest income is expected to rise by a further JPY100b.
BofA names Winnie Chen as head of APAC global payments solutions
Chen will begin her duties in September 2024.
Malaysia launches amended Money Services Business Act
It clarifies offenses and the punishment for illegal operators.
South Korea’s deposit, loan interest rates dip in June
Average interest rates for new and outstanding loans and deposits fell.
Norinchukin Bank redeeming over $4.6b of perpetual loans
The redemption is part of the bank's efforts to improve its investment portfolio.
Japan’s Norinchukin reports profit loss of $2.75b in Q1
It attributed the loss to low-yielding asset sales, part of its portfolio improvement efforts.
Higher profits propel Mizuho’s net income to 44% rise in Q1
Credit-related costs fell 28.7% during the first three months of FY2024.
India’s HDFC Bank warns against fraudulent trading platforms
Fraudsters would make fake platforms and apps showing fake returns.
HDBank’s net profit up 48.9% to $324.47, in H1
Deposits in its digital banking channels have risen five-fold in a year.
RHB announces 4 new senior appointments
Mohamad Bin Rastam Shahrom is the new group CFO.
HSBC’s profits after tax dip 2% to $17.7b in H1
The bank recognized a $1.2b impairment for the sale of its Argentina business.
Mergers and closures loom for China's 3,800 rural banks
About 70 rural banks have already undergone mergers since 2023.
‘Robust’ revenues lifted BPI to record net income in H1
Earnings per share is PHP5.8 for the period, a 14% increase.
Higher margins, lower opex buoy Bank Central Asia’s profit growth in Q2
Net profit for the first six months of the year is $1.65b, 11% higher than in H1 2023.
BRI reports $1.83b (IDR29.9t) profit in Q2
President director Sunarso hailed their credit distribution and DPK.
Fees lift Singapore banks’ Q2 profits
But their Q2 profits are likely to be lower compared to Q1, analysts said.
BDO Unibank's net income up 12% to $357.7m in Q2
Total net income for H1 is $673.86m, according to data from the stock exchange.
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1. HSBC GPB appoints Ann Ling as APAC head of wealth planning and advisory 2. Japan’s SMBC invests in biotechnology fund 3. Metrobank names Renato De Borja, Jr. as head of financial & control sector 4. PBCOM appoints new treasury trading team head 5. IndoStar gains approvals to sell Niwas Housing Finance for $203.7mResource Center
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