Staff Reporter
Philippine Bank of Communications names new independent directors
Philippine Bank of Communications names new independent directors
They have also been assigned to the bank’s RPT committee.
SMBC concludes MOU with the Eastern Economic Corridor Office of Thailand
SMBC will introduce clients entering or expanding in Thailand to the EECO.
PayMongo, Atome offers BNPL services to 10,000 Philippine merchants
This comes as the share of cash payments is expected to fall further by 2025.
Citi names C.R. Sambamurthy as Asia head of Citigold
Sambamurthy has a 34-year career with Citi prior to his new role.
Philippine fintech startup PayMongo launches partnership with Atome
The partnership will enable the expansion of BNPL services on the payment platform.
Weekly Global News Wrap: HSBC sells Russia business to Expobank; Julius Baer to freeze hiring
And HSBC’s UK unit plans to stop collecting gender data as part of inclusivity push.
Tourism woes hurt Thailand banks’ loans
The restructuring will only provide temporary relief, not solve the problem.
Taiwan banks’ profits flat in 2023
Bottom lines are expected to remain flat in the same year.
ING Bank begin discontinuing retail product services in the Philippines
The bank’s app will be decommissioned by the end of 2022.
Volt Bank returns deposits to customers after announced closure
The bank struggled to raise enough funds to sustain its business.
Credit card keyword searches in Australia skyrockets by 81%
Approximately 75% of keywords were related to activating a new credit card.
Home Credit Indonesia closes $10m ESG-linked loan with Deutsche Bank
The loan will be used to increase financial inclusion and literacy.
Techcombank reports 22.3% surge in before tax profits in H1
Total operating income reached $900m for the first half of the year.
Philippine banks takes back pre-pandemic profitability in mid-2022: analyst
NPL in the country’s banking sector has peaked and will continue to decline.
Dah Sing Bank temporarily shuts down Shek Tong Tsui branch
The branch will undergo cleaning and disinfection.
Mortgage boycott threatens Chinese banks’ loan quality
This highlights the need to tighten regulatory oversight of escrow accounts, Fitch said.
Number of ATMs in APAC continue to fall in 2022
A declining installed base in China is pushing down the numbers.
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