Retail Banking
Thai banks grapple with slowing exports and weak consumer sentiment
Thai banks grapple with slowing exports and weak consumer sentiment
Fitch has revised its loan growth estimates to 3% from 5% previously.
Overseas Filipinos’ personal remittances up 3.1% in April
Remittances from the US, Saudi Arabia, and Singapore all grew.
Hong Kong’s ZA Bank unveils stock rebate programme
Users can also collect a big-name US stock worth up to $77.77.
Mizuho and Lombard Odier ink sustainability alliance agreement
Lombard Odier will act as a strategic advisor and consulting partner to Mizuho.
MUFG issues apology after authorities recommend administrative action
Its two companies were accused of inappropriately sharing data between them.
DBS Hong Kong names Ed Lam as board member
Lam is the CEO of LFX Limited.
ZA Bank’s Devon Sin on why Web3 is key to HK’s growth
The bank has expanded services to cater to stablecoin issuers and Web3 companies.
Rapid loan growth weighs on Bank of Suzhou’s capital ratios
The bank is expected to maintain good asset quality over the same period.
Citi Commercial Bank targets mid-sized corporates in Japan
This follows CCB’s expansion in France and Ireland in 2023.
OCBC Ignite aims to double poly graduate intake
Only 3% of graduates join the financial sector full-time permanently.
Singapore’s big banks aim for 96% emissions cut by 2050
DBS, OCBC, and UOB have set S$200b loan portfolio emissions targets.
UOB Thailand ushers in new CEO
Richard Maloney will begin his role on 1 July.
Three Indian banks’ profitability to improve
However, their rising share of risky loans will weigh on asset quality.
CIMB appoints new CEO
Novan Amirudin will overtake Dato’ Abdul Rahman Ahmad next month.
Hong Leong Bank posts 7.1% profit growth in 9MFY24
This translated to a profit of $671m.
CIMB’s Q1 profit escalates 18% YoY
Thanks to a solid operating income performance and maintained costs.
Singapore expands scope of guidelines on fair dealing
It now covers all financial institutions and all the products and services offered.
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