Retail Banking
Malaysian banks “well-placed” to weather 2023 headwinds: S&P
Malaysian banks “well-placed” to weather 2023 headwinds: S&P
Credit costs are expected to stay flattish and slowing credit growth should be manageable.
Citi Bangladesh names Md. Moinul Huq as Citi Country Officer
He has over 25 years of experience across a number of banking fields.
Hong Kong’s livi bank unveils new app interface, adds rewards feature
Customers can win cash rewards and enter a lucky draw to win round-trip tickets to Hokkaido.
HSBC sells Canadian banking operations to Royal Bank of Canada for $10.1b
The bank expects to generate an estimated pre-tax gain of $5.7b.
Public Bank’s net profit up 3% to $1b in 2022
A second interim dividend of 4 sen per share has been announced.
APAC banks to have steady financial performance in 2023: Fitch
Sri Lanka will deteriorate; Singapore’s profits may rise to higher than pre-pandemic.
HSBC Global Private Banking launches discretionary digital platform in Asia
It makes use of building blocks to construct clients’ portfolios.
Thai banks called to supercharge profitability by enacting future-oriented strategy
They’ve lagged behind their peers, with market cap falling to just 8% of ASEAN.
Thailand banks’ loans up 5.3% in Q3
Corporate loans rose from a year ago and consumer loans also grew.
Malaysian banks’ asset quality to deteriorate in 2023 as moratoriums expire
NPL ratio may rise to up to 3% over the next two years.
Gap to widen between India’s public and private banks: S&P
Large private banks will outperform their publicly-owned peers, the ratings agency said.
Vietnam headed for swift credit growth in next 12-18 months
Loans may expand between 15% and even up to 30%, said S&P’s Amit Pandey.
Philippine banks’ bad loans ratio to decline in 2023: S&P
But should interest rates rise sharply, banks may face more defaults.
Property risks manageable for Hong Kong banks: analyst
But uncertainty in border restrictions with China will subdue wealth management, bancassurance.
China’s banking sector to polarize in 2023; weak banks face failure
Overall loan growth will come below 10% in 2023, says S&P.
Bangladeshi banks face weak profitability in 2023: S&P
The COVID measures, which have yet to be relaxed, will squeeze banks’ margins.
Australia’s biggest banks to pay $84.51m for insurance lawsuit
CBA, Westpac, and ANZ allegedly misled customers by selling or issuing policies of no value.
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ABF Retail Banking Awards 2024 Winner: Standard Chartered Bank - Florence Wong
Winner of the Employer Award of the Year - Silver at the ABF Retail Banking Awards 2024, Standard Chartered Bank prioritises employee development.
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