Retail Banking
Westpac’s net profit dip 1% to $2.13b in H1 2025
Westpac’s net profit dip 1% to $2.13b in H1 2025
The bank said it is managing their margins and working on cost management.
Kookmin Bank profitability to decline on higher costs and narrowing NIM
It faces increasing delinquencies of SME loans, Moody’s said.
KB Financial Group’s stable profile carried by non-bank subsidiaries
But the subsidiaries’ credit profiles weakened in the recent downcycle.
ANZ Bank set to unveil password-less web banking in mid-2025
Authentication will be done through biometrics or log-in request app approval.
ING’s net profit down 7.8% to $1.64b in Q1 2025
Its full-year 2025 targets remain the same.
Bank Negara Indonesia logs 1% YoY net profit rise to ID$5.4t in Q1
Operating expenses increased 4.3% YoY in Q1 2025.
Standard Chartered appoints Noelle Eder as group head of tech & operations
She is based in Singapore and reports to group chief exec Bill Winters.
Hang Seng Bank rolls out payroll perks for savings-focused users
They do so to achieve financial flexibility, said Hang Seng Bank.
Financial inclusion in Asia may reach 80.2% by 2030: study
Digital transformation and improvements have helped in this regard.
UOB inks MOU with Accenture for AI adoption and application
UOB will also upskill its employees.
NAB expands weekend access to Chadstone branch
The Australian bank has invested A$38m in renovating and upgrading its branches.
Westpac names Carolyn McCann as acting chief exec for its consumer division
The Australian Bank is doing an external search to fill the role permanently.
Bank Central Asia’s net profit up 9.8% to IDR14.1t
Double digit loan growth and net interest margin expansion helped push profits up.
SG banks to report mixed NIM, strong wealth and trade income for Q1
NIMs for the quarter may be flat to declining quarter-on-quarter.
Thai banks’ net profits rose 5% in Q1
For 2025, the banks are expected to report lower NIMs and a 1% loan contraction.
CIMB Philippines says fund transfer issue ‘resolved’
All affected customers have had their funds returned, the bank said
Bangkok Bank, The Mall Group launch campaign to expand co-branded card customer base
They also plan to develop new products aimed for foreign tourists, especially those from China.
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