Staff Reporter
Bank of International Settlements names new head of SG innovation hub
Bank of International Settlements names new head of SG innovation hub
Their appointment is effective from 1 October.
Dah Sing Bank, YOOV partner for easy SME loan application
SME loan applications and approvals will be simplified.
Indian banks’ bad assets improve to 10-year low: CareEdge
SCB’s recorded a 10-year low of 3.9% for its GNPA.
Approved mortgage loans soar 20.3% MoM in May
The increase was likely due to the uptick in applications during the same month.
DPM Wong is the new chairman of MAS’ board of directors
Wong will survive beginning 8 July up to 31 May 2026.
Chart of the Week: Hong Kong’s card payments market to grow 4.8% in 2023
Growth of e-commerce will spur card payments’ growth even further.
Standard Chartered names ex-Credit Suisse banker as new sustainability strategy head
Barsky was previously global head of sustainable finance at Credit Suisse.
StanChart Singapore appoints new head of HR
Standard Chartered Bank has appointed Yang-Sheng Wong.
SEA’s interest in lending products increase 15%: Study
Total number of monthly requests is at 741.5k per month.
Bank of the Philippine Islands relocates main office temporarily
This is in view of the temporary relocation and consolidation of its three leased offices.
HKMA, local bank association launch charter to prevent credit card scams
The industry is directed not to send SMS with embedded hyperlinks.
Visa, Hyundai Card team up to create data products
This alliance consists of 18 major industry players.
Korea Eximbank issues $580m Kangaroo bonds
This is the largest amount raised by a South Korean lender.
Bank of Shanghai to have sound asset quality, profitability at 0.7%: Moody’s
The bank’s net income/tangible assets fell to 0.74% in 2022 due to a decline in net interest income and fee income.
UOB partners with Jewel Changi for cards campaign
This campaign aims to expand its reach toward ASEAN countries.
Ping An Bank commits first loan for carbon capture project in China
The project is valued at RMB180m ($24.8m).
Thailand’s KTC, Ant Group launch Alipay+ services in Thailand
Tourists can now pay using AlipayHK, Touch ‘n Go eWallet, and Kakao Pay.
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1. Revolut Singapore hits first year of net profitability in 2024 2. CIMB Philippines says fund transfer issue ‘resolved’ 3. HSBC Singapore unveils wealth centre at The Star Vista mall 4. Citi names Goldman Sachs banker as head of markets solutions in Asia South & North 5. UOB inks MOU with Accenture for AI adoption and applicationResource Center
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