Retail Banking

Foreign banks’ Korean earnings up 6% on higher securities income

The net interest margin declined from 0.75% to 0.63%, according to official data.

DBS and JPMAM unveils investment portfolio for retirement needs

The portfolio calibrates asset allocation depending on investors’ life stages.

Ping An Bank with enough capital for proposed higher dividends: analyst

The China-based bank has proposed to pay a 30% dividend in 2023.

Are ATM cash withdrawals making a comeback?

About 2 in 3 markets studied saw ATM withdrawals rise as inflation squeezes on income.

Citi names Marc Luet as Asia North & Australia Cluster and Banking Head

Luet replaces Angel Ng, who is retiring on 5 April after 26 years with the bank.

South Korean domestic banks’ earnings rose 15% in 2023

Banks are bracing for more bad loans and raised their allowance for bad debts.

BDO reports 28% higher net income of $1.32b in 2023

Consumer loans and deposits both rose during the period.

Strong liquidity, moderate risk to prop up Gunma’s “weak yet improving” profits

Gunma Bank’s problem loan ratio has improved to 1.6%, from 2.3% previously.

ELS-related losses to reduce Koreans’ operating profits by up to 34%: Fitch

Banks are believed to have accounted for 82% of $14.4b in ELS sales in 2023.

Citi appoints Lin Hai as head of China commercial bank business

Lin was most recently head of corporate sales & solutions for China and HK.

Japan’s SMFG names new deputy presidents and executive officers

Kanamaru and Koike were both senior managing corporate executive officers.

Japan’s Daishi Hokuetsu Bank faces weak profits, high interest rate risks: Moody’s

Its problem loan ratio deteriorated to 2.23% in a three-year period.

Weekly Global News Wrap: US banks’ profits down 40%; NYCB loses $5b in deposits

And Greece’s biggest lender optimistic profits will grow through 2026.

India’s HDFC Bank penalised by state tax officer of Gujarat

This is due to “disallowance of input tax credit” under section 73 of the CGST Act.

Thailand publishes rules for virtual bank license applications

Applications begin on 20 March until 19 September 2024.