Staff Reporter
‘Robust’ revenues lifted BPI to record net income in H1
‘Robust’ revenues lifted BPI to record net income in H1
Earnings per share is PHP5.8 for the period, a 14% increase.
Higher margins, lower opex buoy Bank Central Asia’s profit growth in Q2
Net profit for the first six months of the year is $1.65b, 11% higher than in H1 2023.
BRI reports $1.83b (IDR29.9t) profit in Q2
President director Sunarso hailed their credit distribution and DPK.
UNO Digital Bank bags Digital Banking Award - Philippines with its inclusive services
It brought home the ABF Fintech Award 2024 for disrupting the Philippine financial landscape by providing greater inclusivity and accessibility.
Fees lift Singapore banks’ Q2 profits
But their Q2 profits are likely to be lower compared to Q1, analysts said.
BDO Unibank's net income up 12% to $357.7m in Q2
Total net income for H1 is $673.86m, according to data from the stock exchange.
Maybank names Alice Tan as head of group wealth management
Tan will continue on her role of Maybank’s head of wealth mgmt for Singapore.
Japan’s Concordia FG sees strong loan growth and improving profits
Its strong franchise base in Kanagawa Prefecture is an advantage.
MAS reprimands RVP One for SFR breaches
RVP failed to submit financial returns for 3 years, according to MAS.
Mashreq Private Banking celebrates Excellence at the ABF Retail Banking Awards 2024
The bank’s solutions have brought significant value to clients and other stakeholders.
Mashreq solidifies position in SME banking with suite of enhancements
Its innovations have provided the sector with a wider array of banking services, improved access to banking, and enhanced customer experience.
MAS appoints Chee Hong Tat as Deputy Chairman
He will serve until 31 May 2027.
Australia proposes central clearing of bonds and repos
Financial regulators are inviting feedback to reassess its possible implementation.
Japan’s SMBC sets up private credit fund in Europe
The fund will focus on loan investments to middle market businesses.
PH banks report rise in household loan demand for Q2
Demand for both loans to households and enterprises rose, official data showed.
Philippine banks more wary of lending to companies
Borrowers’ net profiles and profitability reportedly deteriorated in Q2.
Eddie Yue reappointed chief exec of Hong Kong central bank
His annual fixed pay is $7.4m for the five-year term.
Thought Leadership Centre
Most Read
1. Mizuho to acquire majority of Upsider’s shares for $309.8m 2. SMBC appoints Joy Kwek to lead capital markets & solutions in APAC 3. NAB invests $55m to upgrade over 100 branches across Australia 4. Airwallex gains capital markets services license in Singapore 5. Standard Chartered HK automates onboarding processes of SMEsResource Center
Read Here
Advertise
Sign Up
Event News
It continues to lead Taiwan’s banking sector by leveraging behavioural insights, advanced AI, and a strong focus on personalised service.
Commentary
What kids without wallets can teach us about the future of finance
What is best practice when setting up an in-house bank?
How technology and regulation are reshaping the lending landscape
Protecting against the mobile Trojan horse in your pocket
Beyond the code: How mobile banking is weaving a new financial narrative in Asia