Staff Reporter
Higher loans carry RCBC’s net income to $79.87m in H1
Higher loans carry RCBC’s net income to $79.87m in H1
Net interest margin rose 41 basis points to 3.71%.
Metrobank nabs ex-Citi banker as deputy head of HR
Angeles has worked for Citi, BDO, and HSBC.
PwC loses Bank of China as client: report
Bank of China plans to appoint EY as its auditor for 2024.
Krungthai Card to miss loan growth target for 2024
It should be able to maintain its NPL ratio below 2% for the whole year.
Chinese banks’ Q2 earnings subdued as balance sheet growth decelerates
But NIM and asset quality pressures are improving.
Indian banks’ net interest margin decline as deposit costs rise
Deposit costs rose by up to 90 basis points for some banks.
Demand for cross-border payments rises as int’l payments scale
The share of people using int’l real-time payments is rising.
Top banks’ market cap up 5.4% in Q2
China’s big four banks saw growth although NIMs fell.
Futu bags $1.2b net income in Q2 2024
Earnings per share stood at 1.08 Hong Kong cents.
‘Deteriorating’ property market leads to 1% drop in Fubon Bank’s H1 net profit
Total impairment losses amounted to HK$279m.
StanChart beefs up leadership of trade and transaction banking teams
SC appointed new banking heads based in Singapore and Germany.
MUFG to support info and comm infrastructure projects in Uzbekistan
MUFG will work with authorities to increase capacity for organising internet channels, amongst others.
Japan’s Rakuten Bank surpasses $74.75b in deposits
The bank reported over 16 million accounts as of July 2024.
Malaysia’s corporate loans grow faster in Q2
Household loans grew at the same pace as in Q1.
SG banks, insurers customer experience quality unimproved in 2024
It's become difficult to distinguish leaders from laggards as the gap has narrowed.
Over 1 in 4 youths are financially unprepared: UOB study
There are 26% of Gen Zs who don’t follow MAS’ rule of thumb.
Siam Commercial Bank rolls out online international trade service
Transactions can be made without the need to submit original documents.
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