Retail Banking
China renews bilateral swap agreement with ECB, Switzerland, & Hungary
China renews bilateral swap agreement with ECB, Switzerland, & Hungary
The agreements are valid between three to five years.
ANZ to lay off 3,500 staff, reduce services contractors engagement
It expects a restructuring charge of $560m before tax in H2 2025.
New Zealand seeks feedback on liquidity framework and new CLF
It proposes changes for open market operations, such as reducing the max tenor.
Australia’s ASIC inks MOU with India to enhance cooperation arrangements
They aim to facilitate mutual assistance and information sharing, amongst others.
SCB EASY app adjusts maximum daily transaction limit
Transactions included are transfers to other SCB accounts, accounts to other banks, etc.
Malaysian banks to sustain profits despite slower loan growth
S&P expects loan growth to slow to 4%-5% over the next two years.
CIMB names new growth markets, Singapore unit chief
Victor Lee Meng Teck has resigned and will be on “gardening leave.”
India’s Bank of Baroda teams up with SIDBI to back MSE sustainability
It is part of the bank’s efforts to foster a greener and more sustainable future.
SeaBank Philippines rebrands name to MariBank Philippines
Both the central bank and local SEC have granted approval for the corporate name change.
NAB names Kanishka Raja as CEO of Ubank
Raja has held leadership roles in Ubank for the past four years.
Philippine banks’ loans up 11.8% in July
This extends the growth in June, albeit at a slower pace, official data showed.
South Korean depository corporations raise industrial lending by 2.7% in Q2
Lending for working capital and facilities investment rose during the quarter.
Aspire bets on AI to reshape SME banking
Digital-first lender pushes embedded finance and automation to transform workflows.
RACQ Bank insulated from parent group stress after insurance unit sale
There are also no intra-group deposits or loans between RACQ Bank and the RACQ Group.
China and Azerbaijan’s central banks ink cooperation MOU
They aim to strengthen bilateral financial cooperation, amongst others.
Thailand’s SCBX joins AI research initiative as a founding member
It aims to explore how AI is shaping the future of global financial systems.
Japan’s megabanks may increase foreign bond purchases to meet income goals
Upcoming US Fed rate cuts may raise bond prices, increasing urgency to buy.
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Experts explored how hybrid multi-cloud strategies and interconnected data centres are shaping the future of banking in the region.
