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Singapore banks to report flattish Q4 22 earnings amidst slow global growth
Singapore banks to report flattish Q4 22 earnings amidst slow global growth
NIMs will rise but the expansion could decelerate due to higher funding costs.
Chart of the Week: India’s card payments market to reach $581.2b by 2026
The card payments market value grew 26.7% in 2022, according to estimates.
Weekly Global News Wrap: BNP Paribas vows to slash oil lending; Bank of America employees awarded restricted stock
And Barclays names ex-Credit Suisse dealmaker as head of investment banking.
China overseas loan commitments dwindle as firms adapt “small is beautiful” approach
Only 28 new loan commitments were recorded in 2020 and 2021.
Less than 10% of global energy financing went to renewables: study
Of the $2.5t funneled to energy firms, only $178b were for clean energy activities, the report said.
Korean banks’ bad loans ratio up 0.02ppt in November
Ratio reflects loans overdue by at least one month.
India’s Yes Bank saw profit drop 80% in Q4 2022: report
The bank aims to recover INR10b in the current quarter, its chief executive said.
Australian structured finance issuance slowdown imminent in 2023: S&P
The multiple interest rate raises will begin to bite on issuers.
Filipinos spent 9 years in total using digital lending apps in 2022
Over 2.3 million users actively used a digital lending platform at least once a month.
DBS Hong Kong offers two-in-one instant loan and credit card combo
Users just need to scan their HKID to get both cash and a digital card in a single application.
Dah Sing Bank, Sun Life enter bancassurance partnership in HK$1.5b deal
Beginning July, Sun Life will be the exclusive provider of life insurance solutions to Dah Sing’s customers.
Economic growth to cushion rising risks faced by ASEAN banks
Tightening of interest rate cycles in 2023 will weaken asset quality, says Fitch.
Payment cards account for 60.9% of e-commerce purchases in South Korea
Added-value benefits of using cards help maintain its dominance.
Standard Chartered launches Signature CIO funds
Minimum investment amount is S$1,000.
Banks in South Korea to maintain eased stance in extending loans: report
Increased lending capacity and intensifying competition encourage banks.
China’s big four banks $550m short of meeting loss provision
Expect a flurry of senior non-preferred issuance bonds from the lenders.
Mizuho Bank inks MOU with Morocco’s Attijariwafa Bank for ESG collaboration
It expands their earlier business cooperation MOU signed in August 2019.
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1. Revolut Singapore hits first year of net profitability in 2024 2. CIMB Philippines says fund transfer issue ‘resolved’ 3. Union Bank of the Philippines ‘aggressive’ growth strategy brings more problem loans 4. Bank of America appoints Phil Carmalt as head of APAC GPS 5. HSBC Singapore unveils wealth centre at The Star Vista mallResource Center
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