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PAObank secures insurance agency licence
PAObank secures insurance agency licence
It also inked a deal with China Ping An Insurance and FWD Hong Kong.
CommBank adds extra confirmation step for NetBank logins
Customers using the CommBank app will be prompted for confirmation.
Indonesia and Australia renew $6.2b bilateral currency swap agreement
It will last for 5 years.
Vietnamese banks may see up to 16% credit growth over next two years
Demand will come from the manufacturing, construction, and real estate sectors.
Airwallex to acquire Viet IPS provider CTIN Pay
Airwallex plans to aid merchants in their overseas expansion.
Bank of East Asia officially opens Global Services Centre
It is an IT Development & Test Centre for fintech solutions and AI adoption.
Crédit Agricole CIB names new APAC head of int’l trade & transaction banking
Christophe Crétot is most recently head of corporate & leverage finance APAC.
BDO Unibank’s net income up 12% to PHP82b on service businesses’ growth
NPL ratio is 1.83% and coverage is 145%.
Role of modern CIOs: Driving innovation and growth through strategic IT investments
From merely managing costs to driving measurable outcomes, CIOs play a pivotal role in transforming IT to foster innovation and business growth.
Singapore banks face margin squeeze despite strong results: Moody’s
Looking ahead to 2025, Moody’s said banks may expect mid- to high-single-digit loan growth.
Security Bank’s net income up 23% to $194m on higher interest income
Interest income rose 27.9% in 2024.
Indian commercial banks’ lending up 11.8% in Q3 FY2025 on MSME demand
Credit offtake of public banks outpaced private banks.
Malaysian banks’ impaired loans rose in January
Loan loss coverage ratio dipped to 128.6% from 129% previously.
Japan, India renew bilateral swap agreement
The size of the BSA remains unchanged at $75b.
Wise unveils international business payment account in Hong Kong
It has no minimum balance requirement and no monthly subscription fees.
Endowus revamps HK advisory and investment leadership
Four new key appointments have been made.
Chinese banks’ DeepSeek adoption brings risk management challenges
DeepSeek’s lower cost will widen gen AI access in the banking sector, S&P said.
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1. Revolut Singapore hits first year of net profitability in 2024 2. CIMB Philippines says fund transfer issue ‘resolved’ 3. Bank of America appoints Phil Carmalt as head of APAC GPS 4. HSBC Singapore unveils wealth centre at The Star Vista mall 5. Citi names Goldman Sachs banker as head of markets solutions in Asia South & NorthResource Center
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