Staff Reporter
Taiwanese banks extended more SME loans in December
Taiwanese banks extended more SME loans in December
Average NPL ratio declined by 0.01 percentage point.
CommBank Australia reports net profit of $3.2b in H1
Interim dividend is A$2.25 per share.
Philippine banks expand lending by 12.2% in Dec 2024
Loans for production activities rose 10.8% during the month.
Krungsri teams up with food manufacturers to launch green FX program
Customers who achieve predefined ESG targets can get reduced costs.
RBI proposes extra authentication for first-time online card use
Card issuers are mandated to validate the additional factor authentication.
India’s postponed LCR rules a win for banks’ margins, loan growth
The rules require banks to shore up more liquidity on retail deposits.
Standard Chartered unveils cross-currency transaction FX solution
It offers competitive FX pricing and an automated FX payment service.
Fintech JuanHand disbursed $772m in over 20 million loans
The fintech’s average repeat rate is at 90%.
QR payments value to exceed $8t in 2029
Standardisation of national QR schemes and Apple’s NFC are key factors that will influence this space.
EWA fintech Payd raises $400,000 in seed extension round
Its Malaysian partners include McDonald’s, Starbucks, and Banyan Tree.
Bank Mandiri slated for lower interest margins in 2025: analyst
But asset quality will improve thanks to new retail loans having better quality.
Bank Central Asia profitability, asset quality to be stable in 2025: analyst
Capitalization and liquidity may decline, however.
Overall loan demand in India to “moderate” in Jan-Mar 2025: survey
Terms and conditions for the mining sector are expected to become stricter.
China, Indonesia renew bilateral swap agreement
The agreement is valid for 5 years.
Norinchukin Bank enhances CET-1, Tier 2 capital
The move comes with “strong support” from its member cooperatives, the Japanese bank said.
DBS’ 2024 net profit up 11%; plans quarterly capital return dividend
DBS will also set aside S$32m for a one-time bonus of S$1,000 to all staff.
Xtransfer ink MOU to offer cross-border financial services to African SMEs
Xtransfer will make use of Ecobank Group’s network in the continent.
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