Retail Banking
CIMB names new growth markets, Singapore unit chief
CIMB names new growth markets, Singapore unit chief
Victor Lee Meng Teck has resigned and will be on “gardening leave.”
India’s Bank of Baroda teams up with SIDBI to back MSE sustainability
It is part of the bank’s efforts to foster a greener and more sustainable future.
SeaBank Philippines rebrands name to MariBank Philippines
Both the central bank and local SEC have granted approval for the corporate name change.
NAB names Kanishka Raja as CEO of Ubank
Raja has held leadership roles in Ubank for the past four years.
Philippine banks’ loans up 11.8% in July
This extends the growth in June, albeit at a slower pace, official data showed.
South Korean depository corporations raise industrial lending by 2.7% in Q2
Lending for working capital and facilities investment rose during the quarter.
Aspire bets on AI to reshape SME banking
Digital-first lender pushes embedded finance and automation to transform workflows.
RACQ Bank insulated from parent group stress after insurance unit sale
There are also no intra-group deposits or loans between RACQ Bank and the RACQ Group.
China and Azerbaijan’s central banks ink cooperation MOU
They aim to strengthen bilateral financial cooperation, amongst others.
Thailand’s SCBX joins AI research initiative as a founding member
It aims to explore how AI is shaping the future of global financial systems.
Japan’s megabanks may increase foreign bond purchases to meet income goals
Upcoming US Fed rate cuts may raise bond prices, increasing urgency to buy.
China Merchant Bank profit rebounds in Q2 on lower costs
Net profit grew 2.7% in Q2 from a 2.1% decline in Q1.
Hang Seng Bank appoints HSBC’s Luanne Lim as new chief executive
Diana Cesar will return to HSBC as vice chairman, Hong Kong.
Malaysian banks keep impaired loan ratios low as capital stays strong
Borrowers' repayment capacity continued to be sustained, the central bank said.
Chongqing Rural Commercial Bank’s profitability likely to be stable through 2026
The bank still faces high asset risk, although it has built up strong buffers.
UnionBank of the Philippines rolls out pilot for easier retirement account opening
Users can now open PERA accounts using their bank or e-wallet data.
Australia’s Westpac to hire 350 bankers by 2027: report
It aims to enhance business banking and expand its market share in regional Australia.
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1. MAS cracks down on influencers promoting financial products 2. OCBC to enable scan and pay on all China merchant QRs by Q1 2026 3. MAS expands Ripple’s scope of payment activities in Singapore 4. DANA Indonesia launches verified digital wallet for teens 5. HitPay and Visa to expand Philippine SMEs’ payment acceptanceResource Center
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02
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Asian Banking & Finance Fintech Awards 2025 Winner: Bhagavi Sridharan of Aditya Birla Capital Digital
Bhagavi Sridharan explains how the ABCD app offers a seamless, unified experience across diverse financial products.
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Fighting fraud in the digital banking age