Staff Reporter
Bad loans of Korean banks fell to 0.33% in March
Bad loans of Korean banks fell to 0.33% in March
The volume of resolved loans rose during the month.
Hang Seng organises $100m social loan for Unistress
This funding will entail establishing schools for children and transitional homes for low-income households.
Deutsche Bank announces two APAC M&A co-heads
The new appointees will report to the head of Investment Banking Coverage and Advisory, APAC.
Singapore central bank boosts efforts for AI and data analytics skills
The central bank will aggregate skills demand and collaborate with financial institutions.
Economic woes, higher rates weigh on Islamic banks’ financing growth
Indonesian banks may benefit from widening margins, however.
HSBC appoints Wing Tai Properties CEO as independent non-executive director
Cheng has also been named to HSBC’s remuneration committee and risk committee.
Taipei’s Fubon Bank reports record-high Q1 profits
Credit card issuance also saw a surge.
UnionPay users offered Laos-China Railway discount
Promo period is only until 15 August 2023 and is usable for 15 discounted transactions.
China CITIC Bank, FWD Macau establish bancassurance partnership in Macau
This is their first bancassurance collaboration in Macau.
Mobile wallet payments in India to hit $5.7t in 2027
The value of mobile wallet payments doubled from 2018 to 2022.
Central bank rate cuts could raise Philippine banks’ earnings by 2.6%
Every 100bp rate cut would free PHP106b of liquidity.
Bank of East Asia to open select HK branches seven days a week
Cash transactions will not be available during the weekends.
SG investment firm Whampoa Group to build digital bank in Bahrain
It aims to establish a digital bank by the end of this year.
MAS, New York Fed unveil results of study on DLT use for cross-border wholesale payments
Distributed ledger could be used to enhance cross-border multi-currency payments, the study found.
Fubon Bank, blockchain firm Ripple to explore real estate asset tokenisation in Hong Kong
They are aiming to make release of equity swifter and more efficient.
Hang Seng Bank, Visa to test CBDC use cases in Hong Kong
The three will collaborate to explore the feasibility of tokenised deposits.
Filipino Q1 credit card spending jumps nearly half from previous year
This was the highest recorded amount since the start of the COVID-19 pandemic in 2020.
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