Retail Banking
UOB Hong Kong inks MOU with SGS for sustainable finance
UOB Hong Kong inks MOU with SGS for sustainable finance
The partnership will help companies seeking to adopt sustainable practices and move towards a net-zero future.
BOCHK raises prime lending rate to 5.75%
The HKD savings deposit rate was also adjusted.
Hang Seng Bank changes its board composition
Michael Wu Wei Kuo retired as the Independent Non-executive Director.
Improved mortgages to support ANZ’s earnings over the next two years
Net interest margin improved 7bps in the six months ending 31 March 2023.
Australia’s Macquarie Bank’s earnings to rise by retail banking business: S&P
The bank’s parent company will also enjoy income growth from outside Australia.
PH banks missing out on revenue from growing middle class market
Over 7 in 10 loans made by banks are extended to corporates– leaving 15 million SMEs and self-employed workers with little access to traditional...
HSBC posts pre-tax profit of $12.9b, with first quarterly dividend at $0.1 per share
Profits include a provisional gain of $1.5b from SVB Bank UK acquisition in March.
OCBC and RHB co-establish two sustainability-linked solutions
The facility will enable RHB Malaysia to convert its SGD-denominated proceeds to US$.
Hong Kong banks reminded they may engage with virtual asset entities: central bank
There have been more comments from foreign firms on the difficulties of opening a bank account.
Vietnam’s HDBank targets $562.67m profit for 2023
Shareholders approved a dividend distribution of 10% in cash and 15% in shares.
BPI’s Q1 net profit increases by 52%, boosts efforts toward financial inclusion
The January to March performance was driven by the bank’s average asset base expansion, margin growth, and lower provisions.
Techcombank launches AI-powered money management services
It will provide insights on payment behaviors and analyze transactions.
David Ho joins DBS board
Effectivity of his appointment begins on 26 April.
Vietnam’s Techcombank sees net profits slide 17.1% in Q1
Net interest income fell, but net fee income rose.
How will China’s new rules on asset classification affect banks?
The new measures expand on classifying asset risks of banks.
Citi’s institutional, corporate banking arm in Asia sees 14% higher revenue in Q1
The Institutional Clients Group’s net income for Asia went up 31% compared to Q1 2022.
India’s Yes Bank records 45% net profit drop: report
Net profit fell much lower than anticipated by analysts.
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1. UOB to take legal action against Yang Kee Logistics’ ex-CEO 2. OCBC to finance $10.9b of investments to UK growth sectors 3. Singapore’s financial sector turns to contract hiring for cost control 4. India’s credit card spend slumps 9% MoM to 7-month low 5. ANZ moves up incoming CEO Nuno Matos’ start date to May 12Resource Center
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Nearly 8 in 10 MSMEs still face barriers to accessing loans, an expert said.
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