Retail Banking
Southeast Asian banks’ face mixed outcomes from shallower rate decline
Southeast Asian banks’ face mixed outcomes from shallower rate decline
Philippine and Singapore banks will be key beneficiaries if rates are higher.
HDFC Bank’s profit after tax up 12.3% for 9M FY2024/25
For the quarter ended Dec 2024, consolidated PAT was 13.6% higher.
Hong Kong banks to focus on resilience, costs in 2025: KPMG
Interest rate reductions are likely to be slower.
MUFG Bank reprimanded for securities-related lapses
MUMSS also received a strict warning from the Japan’s Association of Real Estate Securitization.
Toh Su Mei exits ANEXT Bank; Kai Qiu is new CEO
Ant International in the process of rolling out credit solutions for Thai MSMEs.
Auto industry may weigh on Kiatnakin Phatra Bank: analyst
Its Q4 2024 provision is 34% higher than in Q3.
MUFG secures 46.08 million shares of WealthNavi, will proceed with purchase
It closed the tender offer on 20 January 2025.
SCBX net profit inch up 1% YoY to $1.29b in 2024
Interest income is higher, but fee and investment/trading income are lower.
India allows foreigners living overseas to open rupee accounts
This is provided they use the accounts for transactions with a resident of India.
Vietnam transfers struggling banks' ownership to VPBank, HDBank
VPBank and HDBank now own GPBank and DongABank, respectively.
India names new advisory committee members for bank applications
RBI former deputy governor Shri M. K. Jain will serve as chairperson.
SeABank exceeds target with 31% YoY profit surge
The bank aims to record a 10% profit increase this year.
Techcombank records 19.5% higher net profit of $851.96m for 2024
Fees and commission income fell, but interest income rose.
Deposits in China rise 6.4% from households, NBFI deposits
RMB deposits rose over 2 trillion dollars from households and NBFIs.
Loans in China rise 7.2% in Dec 2024
Outstanding renminbi loans grew, but foreign currency loans dropped.
BCA, Bank Syariah Indonesia on track for double-digit profit growth
Indonesian banks are in-line to deliver profit growth.
Overseas Filipinos’ personal remittances up 3.5% in Nov 2024
Cumulative remittances are on track to rise by 3% for 2024.
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