Retail Banking
CIMB Philippines triples revenue, doubles loan portfolio in H1
CIMB Philippines triples revenue, doubles loan portfolio in H1
The digital-only bank now has 7.13 million customers in total.
Public bank ties up with gov’t to finance SMEs
Domestic exposure for SME-based commercial lending is equivalent to an 18.6% industry market share.
Strong regional earnings boosts MUFG’s profits
In case of trouble, MUFG has a high likelihood of getting government support.
Tech and transformation take center stage at the ABF Summit 2023
Over 180 participants graced the 20+ sessions in the day-long event.
HSBC earmarks $1b to support climate tech start-ups
They hope to fund start-ups offering a range of climate tech solutions.
Hang Seng names new head of commercial banking
She will take over Donald Lam beginning 14 October.
Citi India initiates 12-month WFH set-up after mothers give birth
This comes on top of their paid maternity leaves.
UOB Malaysia unveils supply chain management services in UOB Infinity platform
UOB clients will be able to digitally connect to buyers, suppliers, and distributors across Asia.
South Korean banks’ deposits up by $21b in August
Transferable deposits and time deposits both grew.
DBS's Sanjoy Sen explores digital currency, future M&A opportunities
Sen also discussed DBS’ recent integration of Citi Taiwan’s assets in just one weekend.
Thailand’s KBank has issued U$546m in sustainable financing
It shared plans to replace its cards with EVs or shift to using biofuel.
BPI’s first half earnings leaps one-fourth from last year’s
It reached a consolidated net earnings of P25.3b during the period.
Grab-owned digital bank scores Bank Negara Malaysia approval
The bank started operations last 1 September.
Alipay+ touches down in the Philippines revealing three new mobile wallets
It will be made available to merchants in Manila and Cebu.
Bank Rakyat Indonesia’s assets leaps 9.2% YoY in Q2
It boosted its consolidated earnings to IDR23.56t.
Strong income drives CIMB to a 26.2% net profit growth in H1
An interim dividend of 17.5 sen per share has been proposed.
Maybank’s first half profits surge 26% YoY
Its further expansion was dampened by a contraction in net fund-based income.
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1. Revolut Singapore hits first year of net profitability in 2024 2. CIMB pledges S$2.98b to support Johor-Singapore SEZ 3. How embedded finance and AI are reshaping Malaysia’s finance sector 4. DBS and OCBC expected to report lower margin in Q1 on SORA easing 5. Union Bank of the Philippines ‘aggressive’ growth strategy brings more problem loansResource Center
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Compliance and legacy systems stall B2B payment shift
Retail drives digital payments as B2B adoption lags.
Commentary
The Asian connection: China's path to sustainable growth