Retail Banking
Vietnam’s Cake Digital Bank achieves profitability
Vietnam’s Cake Digital Bank achieves profitability
Revenue per user is US$12 in 2024, and payment transactions are $4.7b.
Australia’s ANZ appoints HSBC wealth head as next CEO
Nuno Matos will receive $2.5m fixed remuneration per annum and will relocate to Melbourne.
CommBank walks back on account migration
Select accountholders would have been moved to a tier that has an A$3 withdrawal fee.
Bank of East Asia taps Bi Ming-qiang as deputy chief executive
He brings 27 years of experience in the banking sector.
China's G-SIBs on track to meet minimum TLAC: Fitch
The five banks have issued about $110.12b in capital instruments yearly since 2019.
Asian banks score poorly in accountability mechanisms: survey
Across four key areas, the banks scored 3.5/10 on average.
South Korea compliant with Basel standards
These evaluations are part of the committee’s Regulatory Consistency Assessment Programme.
Chinese banks see improved earnings in Q3
Interest income and fee income declines narrowed.
Concerns over Teh Family's Public Bank stake sale “overdone”: analyst
The estate will dispose of a 13% stake in the Malaysian bank.
RHB projected to log 50% full cash divided payout ratio for 2024
The Malaysian bank is on track to surpass its 4.5% loan growth target.
Public Bank Group's net profit climbs by 12.4% to $427.36m in Q3 2024
Earnings per share stood at 9.85 sen.
South Korea tightens liquidity rules as market improves
The banking sector’s liquidity coverage ratio will be rolled back to 100% in 2025.
Mizuho Bank absorbs subsidiary to streamline operations
This aims to enhance the bank's call centres and online services.
Hong Kong total deposits up 5.8% YTD in October
Hong Kong dollar deposits grew, but renminbi remittances fell.
CIMB Group’s profit rise 12.57% in 9M 2024; EPS is MYR18.98 for Q3
The group expects its net interest margin to normalise and see some pressure in Q4.
Bank Tabungan Negara’s asset quality ‘stable’ amidst loan clean-up efforts
Costs are expected to rise and liquidity to fall over the next year.
Maybank's net profit up 8.5% in 9M FY2024
Non-interest income growth pushed up its profits.
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Nearly 8 in 10 MSMEs still face barriers to accessing loans, an expert said.
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