Staff Reporter
Maybank’s first half profits surge 26% YoY
Maybank’s first half profits surge 26% YoY
Its further expansion was dampened by a contraction in net fund-based income.
New Zealand banks to persevere amidst inquiry by Commerce Commission: S&P Global
The banks, Australia-owned, hold a total market share of 85%.
Foreign currency deposits push Hong Kong deposits to a 1.2% rise in July
Hong Kong dollar deposits dipped, whilst foreign deposits rose.
Chinese banks cut deposit rates: report
The banks cut deposit rates between 5 and 25 basis points.
MAS-licenced MoneyOwl to wind down financial advisory business
The company found that its advisory business is not financially viable.
Hong Kong has issued US$22b in green bonds: report
Proceeds for the bonds have been allocated or earmarked for green projects.
Hong Kong’s mortgage loans drop 18.2% in July: HKMA
Applications also fell to 8,086.
Mizuho Financial Group issues $817m green bond
Funds raised will be used to finance green projects, the group announced.
CITIC Limited reports $4.4b profit in H1
An EPS of RMB1.10 has been announced.
Statrys receives accolade at ABF Retail Banking Awards for comprehensive payment solution
It offers a wide range of services and boasts competitive exchange rates for FX services.
Virtual bank Trust turns one; 2.1 million transactions logged
The bank is giving away 100,000 bags of rice and doubling its referral rewards.
Alipay+, Malaysia’s PayNet ink deal for smooth digital payments
This further expands the regional cross-border digital payment plan of Alipay+.
Public Bank posts 18% YoY net profit growth for 1H 2023
Its overseas operations accounted for 7.8% of the overall earnings.
EY’s Liew Nam Soon emphasises vital human-AI collaboration in shaping future of finance
AI, transformations in workforce dynamics, and sustainability are not merely shaping the industry but ensuring a prosperous future for financial enterprises across Asia.
UOB Thailand unveils indoor event hub UOB LIVE
It has a capacity of 6,000 seats and will also offer dining and shopping experiences.
Weekly Global News Wrap: US floats stricter regional bank rules; Some China banks to cut mortgage rates
And Wells Fargo has agreed to return $40m in overcharged fees to 11,000 customers.
SDB wins Corporate Client Initiative of the Year at ABF Corporate and Investment Banking Awards 2023
Its impactful initiative transforms the financial landscape, driving socio-economic growth.