Staff Reporter
VP Bank names Will Wang as wealth head in Hong Kong
VP Bank names Will Wang as wealth head in Hong Kong
Wang is also now chief representative of the VP Bank AG Hong Kong Rep Office.
MAS expands regulations for digital payment token service providers
It will impose requirements for anti-money laundering and user protection.
China Merchants Bank says it’s “challenging” to achieve Q1 earnings growth
The bank is bracing for a margin squeeze and guided for tepid fee income.
Japanese banks ‘less reluctant’ to finance hostile takeovers: report
Banks are seeing a rise of deals related to unsolicited bids for corporate takeovers.
HDBank charts best-ever profits of $524m in 2023
The bank’s profits have grown at a rate of 49.1% over the past decade.
Mandated property lending poses challenges for Agricultural Bank of China
ABC also faces a moderate decline in profits following recent rate cuts.
Tighter interest margins and rising bad loans weigh on CCB
The non-performing asset ratio is expected to rise to 4.48% in 2024.
SIA taps Mastercard for Southeast Asia loyalty card programs
The co-branded credit and debit card programs offer new ways to earn KrisFlyer miles.
SMBC reels new managing executive officer and co-head for Asia Pacific
Katsufumi Uchida succeeds Yuichi Nishimura in this role.
16 foreign e-wallets now accepted in Japan through Alipay+
Alipay, KakaoPay, Touch ‘n Go, GCash and TrueMoney are the most popuar.
Bangkok Bank’s large credit reserves lends stability to problem loans
The bank is expected to maintain strong solvency and liquidity.
India’s stricter regulations to pull down FIs’ loan growth and raise costs
Loan growth is expected to register a 16% decline in 2024.
Hang Seng Bank unveils HK$33b SME Power Up Fund
Products include an SME Financing Guarantee scheme and non-collateralized loans.
Ant International launches Programme Sirius for enhanced sustainability
The initiative is in line with the United Nations’ sustainable development goals.
Singapore leads Southeast Asia in financial management interest
It was driven by rising per capita income and a growing wealthy demographic.
UOB names new head of global group markets and new Hong Kong CEO
Kelvin Ng and Adaline Zhang bring over two decades of experience to their new roles.
BEA’s Mongkok Branch open 7 days a week until 30 June
It will be open from 1PM to 5PM on weekends during the period.
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