Retail Banking
AGTech acquires controlling stake in Ant Bank Macao for $30.23m
AGTech acquires controlling stake in Ant Bank Macao for $30.23m
AGTech now owns 51.15% of Ant Bank (Macao)'s issued shares.
CIMB logs 14% net profit growth in H1; interim dividend is 20 sen
CEO Novan Amirudin attributed this to operating income growth, amongst others.
UNOBank pushes embedded finance in Philippines
The platform seeks to boost its digital banking business and expand financial services.
Thaioil takes up sustainable deposits, linked swaps with SCB
Funds from deposits will support projects that reduce environmental impact.
India warns against fraudsters’ posing as central bank employees
They would use fake letterheads or threaten to close bank accounts.
Korean banks’ total capital ratio rises to 15.76% in Q2
CET1 ratio rose 0.18ppt to 13.18% over the same period.
Maybank profit up 9% to MYR5.02b in H1; first interim dividend is 29 sen
This is thanks to its non-interest income growing 28.4%.
Bangkok Bank approves 2 baht dividend for H1
The dividend will be paid on 20 September.
Chinese banks’ assets, profits expand in Q2
Assets of large commercial banks expanded 7.9% during the quarter.
Bank of East Asia logs HK$2.1b profit for H1
Ongoing commercial real estate (CRE) concerns led to the 19.9% decline.
Geopolitics, elections to take APAC banks in a “bumpy ride” in H2
Financial institutions are overall well-buffed against risks.
Aussie mutual lenders may consolidate to fewer than 10: analyst
Up to 40 mutual lenders may consolidate and potentially disappear, said S&P analyst Lisa Barrett.
BOCHK warns against suspicious SMS messages
It reminded customers that it will only send messages starting with a “#”.
EastWest Bank reports $62.12m net income for H1
Its deposits and loans expanded by over 10% compared to H1 2023.
Higher loans carry RCBC’s net income to $79.87m in H1
Net interest margin rose 41 basis points to 3.71%.
Metrobank nabs ex-Citi banker as deputy head of HR
Angeles has worked for Citi, BDO, and HSBC.
PwC loses Bank of China as client: report
Bank of China plans to appoint EY as its auditor for 2024.
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