Retail Banking
HDBank reports profit before tax of $500m for Q3
HDBank reports profit before tax of $500m for Q3
Its consumer finance arm HD SAISON grew its loan book by 15%.
Hong Kong’s digital banks play crucial role in developing the fintech ecosystem
Public acceptance of digital banks is increasing in the city.
BOCHK reports 6.1% higher net operating profit for Q3
There were reportedly more business opportunities as tourism recovered.
Hang Seng Bank eyes Middle East expansion
Its two subsidiaries already have collaborations planned in Saudi Arabia.
Thai banks to fall short of loan growth targets in 2024: analyst
Banks have a cautious stance as their lending policy for Q4.
Banks’ profitability to decline in 2025 as interest margins narrow
Commercial banks may cut personnel, and regulators may prioritize stability over staff retention in M&As.
Techcombank logs 25.58% higher net profit in Q3
Net interest income rose, but fee and commission income were lower.
Banks’ CX, customer loyalty to decline in 2025: Forrester
They may end up pushing away customers when they adopt digital strategies the wrong way.
Lower provisions drive up Kiatnakin Phatra Bank’s net profits in Q3
Provisions were 59% year-on-year lower.
TMBThanachart Bank sees 11% net profit growth in Q3
Net interest margin (NIM) may rise 4 basis points after a central bank rate cut.
Over 97% of Hong Kongers trust digital banks’ security measures
Digital bank account holders are willing to open more accounts with other digital banks.
SCB X sees 0.9% dip in 9M 2024 net profit on lower loans, fee income in Q3
Its third quarter net profit is 13.2% higher than in Q3 2023, however.
Hong Kong unveils sustainable finance action agenda
Banks are required to achieve net zero in their operations by 2030.
Citi sees higher markets-related business in Asia from global investors
Client activity with the bank’s international corporate clients to the Asia market is up 12% in the first three quarters of 2024.
Bangkok Bank logs net profit of $1.05b for 9M 2024
Net income interest and non-interest income both rose during the period.
Banks face value creation challenge despite record revenues
Declining interest rates and mixed record on productivity growth keep markets skeptical.
UOB banks on 4 ASEAN income to hit 2026 ROE target
The bank aims to grow its wholesale banking and retail banking businesses.
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