Staff Reporter
Validus, Citibank establish $100m facility for SME financing
Validus, Citibank establish $100m facility for SME financing
The facility is collateralized by SME loans by Validus’ Singapore arm.
Standard Bank Bangladesh unveils its first-ever sustainability report
It made use of the GRI Standards.
South Korea’s Toss Bank to raise $224.7m via new stock issuance: report
It will raise the company’s total capital stock to KRW1.35t.
Dah Sing Bank temporarily shutters Mongkok Branch
It will reopen on 31 August.
Public Bank H1 profits stumble over one-off prosperity tax
This was partially offset by higher net interest income.
BEA completes sale of insurance and healthcare business
Both were sold to AIA Group.
Retail bank sales fall as digital struggles to fill branch banking hole
Digital sales rose to a new record, but could not offset fall in branch sales.
Australia’s Judo Bank on track for earnings growth
Its net interest margin is expected to be 3% over the next two years.
Citi winds down Russia consumer, commercial banking businesses
Approximately 2,300 employees will be affected, according to the bank.
Thailand’s SCBX scraps $500m deal for crypto exchange Bitkub: report
SCBX said that Bitkub needs time to fix its issues with the local regulator.
Maybank net profit down 9.2% to $415.7m in Q2
Fee-based income rose, but group braces for expected credit losses.
DBS Hong Kong grants US$35m green-linked loan to down apparel firm Bosideng
The loan has a one year tenor.
China’s small, regional banks gain lifeline with planned NPL disposal initiative
But local asset management companies may face pressure to acquire bad debt at prices that make it challenging to earn a commercial return.
Indonesia’s finance and banking sector second most cyber-attacked industry
Financial institutions were attacked triple the average global every week.
Singapore’s Blockchain & Crypto startups capture most seed investments in H1
This is despite MAS moving to tighten retail investors’ access to crypto.
UOB Infinity rolls out new financial supply chain management services
The features will be rolled out to clients outside of Singapore, Hong Kong at a later stage.
Dah Sing Banking Group’s profits down 1% to HK$1.09b in H1
Property woes in Hong Kong and Mainland China doubled the bank’s credit impairment losses.
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