Retail Banking
Hong Kong’s total loans, deposits fall in January
Hong Kong’s total loans, deposits fall in January
This reflects fund outflows from corporates, says the Hong Kong Monetary Authority.
RHB Bank net profit rise in 2023; net credit costs to rise in 2024
Net interest margin is expected to be “flattish” in 2024 at 1.9%.
South Korea’s interest rates for new deposits, loans fall in January
Average interest rate for new loans taken by large firms dropped 12 basis points.
Japan banks’ domestic assets at $9.4t in January
Banks hold an additional US$1.6t of assets in their overseas branches.
CIMB net profit up 28.3% in 2024; special dividend proposed
The 7 sen special dividend is separate from the annual dividend of 36 sen per share.
Transition and Opportunity: Southeast Asia’s Share of US$7 Trillion Value
Banks globally are at the fulcrum of a changing world and face a dramatic need to refresh and reposition to address falling valuations whilst meeting...
Maybank’s full year net profits up 17.5% to $1.96b
The total dividend of 60 sen per share is its highest post-pandemic.
Digital bank deposits to surpass $20t by end-2024
Convenience of remote banking has changed how people manage their money.
Norinchukin Bank announces senior leadership changes
The leadership changes are effective 1 April 2024.
Australia’s central bank names first-ever COO
Susan Woods has served as Assistant Governor (Corporate Services) at RBA since 2018.
BSP okays adoption of sustainable finance taxonomy guidelines
It has a “traffic light system” in classifying if finance activities are SFTG-aligned.
Hong Kong’s BEA expected to withstand asset quality strain in 2024: analyst
BEA’s reduced exposure to China’s commercial real estate sector is a positive.
Mizuho appoints Hidekatsu Take as deputy president
He joins group CEO Masahiro Kihara as representative executive officer of MFG.
HSBC profit before tax is $30.3b in 2023
But the bank also had a $3b impairment charge related to the Bank of Communications.
Hong Kong’s BEA reports 5.5% lower profit in 2023
Basic earnings per share is HK$1.32, unchanged from a year ago.
Weekly Global News Wrap: HSBC gets approval to sell Russia unit; Chinese banks approve $17b property loans
And China cuts 25 basis points to five-year loan prime rate (LPR).
UOB hit record S$6.1b net profit; final dividend is 85 cents per share
Higher credit card and wealth management fees pushed fee income growth in 2023.
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