Retail Banking
Korea allows formation of new nationwide bank for first time in 30 years
Korea allows formation of new nationwide bank for first time in 30 years
FSC plans to issue new banking licenses to bolster competition.
UnionDigital Bank bags $16m more in capital
It will be utilised to grow its digital loan offerings.
New Zealand picks Citi in banking services panel
Other new panel members are ANZ Bank and Westpac.
UOB Vietnam celebrates 30th year, aims 30,000 jobs creation
The bank has partnered with Saigon Children's Charity to celebrate it's 30th year of stepping foot in Vietnam.
13.36 million credit cards in circulation in Australia: study
Credit cards contributed about AU$18.6b in national debt due to accrued interest.
Mizuho Securities US aims for 100 hires by next year
The Japan-headquartered company said it aims to expand its workforce by 30% by 2026.
Singapore banks foster growth, boost employee well-being
Asian Banking and Finance’s new ranking of Singapore banks reflects top notchers' steady growth and adaptability to changing landscape.
Indian banks’ bad assets improve to 10-year low: CareEdge
SCB’s recorded a 10-year low of 3.9% for its GNPA.
Bank of the Philippine Islands relocates main office temporarily
This is in view of the temporary relocation and consolidation of its three leased offices.
Ping An Bank commits first loan for carbon capture project in China
The project is valued at RMB180m ($24.8m).
Vietnam’s HDBank sets up Korea desk
It will provide Korean corporates with specialized banking products and services.
SBI Holdings now own 53.74% stake in SBI Shinsei Bank: report
Shinsei is preparing to delist and return $2.43b in public funds.
CIMB emphasises promise of SME assistance
CIMB has granted over RM1.0b ($210m) in financial payment SME relief assistance
NIM to offset China CITIC Bank elevated credit costs: Moody’s
The reopening of mainland China will drive sales of wealth management and insurance products.
OCBC Wing Hang's capitalisation, profits to offset real estate risks: Moody's
The bank’s exposure to real estate markets may affect asset quality.
MUFG buying 80.6% shares in Indonesia’s PT Mandala Multifinance Tbk for $468m
MUFG will hold 70.6% of shares whilst PT Adira Dinamika Multi Finance Tbk will hold 10%.
Thailand’s Krungsri sets sights on Vietnam expansion with SHB Finance acquisition
Krungsri will acquire the 50% remaining shares of SHB Finance over the next three years.
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1. UOB unveils FDI Advisory Centre in South Korea 2. Singapore places fourth for most ‘ATMs near me’ Google searches 3. RCBC boosts rural presence with ATM Go 4. UOB to take legal action against Yang Kee Logistics’ ex-CEO 5. Singapore’s financial sector turns to contract hiring for cost controlResource Center
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Nearly 8 in 10 MSMEs still face barriers to accessing loans, an expert said.
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