Staff Reporter
SMBC names Atul Bhuchar as APAC head of transaction banking product
SMBC names Atul Bhuchar as APAC head of transaction banking product
Bhuchar joins from Partior, a JV by Temasek, DBS, JP Morgan and StanChart.
CIMB launches green loan for SMEs
They can receive rebates of up to 0.4% depending on their targets.
Malaysia’s central bank fines Bank of China for unapproved system relocation
The bank reportedly failed to obtain approval before relocating the systems.
HSBC’s net profit down 2% to $17.7b in H1; dividend is $0.10
Gains from the sale of its Canada and France businesses were offset by impairments.
MUFG invests $338.5m in India’s DMI Finance
DMI Finance has provided loans to 15.2 million customers in India as of March 2024.
MariBank touts dual retail-SME focus, leverages Shopee ties to scale growth
It seeks to disprove doubters of digital banking, which has struggled to live up to the hype.
Chinese banks’ assets, profits expand in Q2
Assets of large commercial banks expanded 7.9% during the quarter.
South Korean banks’ net income down 11% in H1
Interest income grew but net interest margin (NIM) dipped.
Bank of East Asia logs HK$2.1b profit for H1
Ongoing commercial real estate (CRE) concerns led to the 19.9% decline.
Millennials, Gen Z embrace investing earlier than older gen
Financial security and family support are their top goals in investing.
Social Islami Bank faces weakened funding and liquidity
The possible withdrawal of central bank support can hurt depositor confidence.
Geopolitics, elections to take APAC banks in a “bumpy ride” in H2
Financial institutions are overall well-buffed against risks.
Aussie mutual lenders may consolidate to fewer than 10: analyst
Up to 40 mutual lenders may consolidate and potentially disappear, said S&P analyst Lisa Barrett.
7 in 10 wealth owners keep assets in at least 2 countries: survey
The report surveyed 13,500 individuals with a net worth between $3m and $99m.
See the full picture of financial crime with AI
Jonathan Tanner, Senior Director, Industry Principal Financial Services & Insurance Asia Pacific, Pegasystems
DBS enhances gov’t grant payouts using blockchain for faster distribution
Once conditions are met, the cash is disbursed automatically.
BOCHK warns against suspicious SMS messages
It reminded customers that it will only send messages starting with a “#”.
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