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Commonwealth Bank of Australia’s earnings to remain robust over next 2 years: S&P
Commonwealth Bank of Australia’s earnings to remain robust over next 2 years: S&P
Housing risks lessen as local house prices continue its correction.
JCB has issued 1 million cards in India
RuPay JCB cardholders are eligible for a 40% cashback on select international transactions.
China’s new risk classification to improve banks’ transparency over bad loans: S&P
S&P estimated an NPA ratio of 7.6% as of end-2022 vs reported NPL ratio of 1.71%.
Deutsche Bank taps ex-BNP Paribas, Credit Suisse China leads as North Asia wealth heads
Kevin King and Stella Lau will be based in Hong Kong and Singapore, respectively.
DBS appoints Sebastian Paredes as head of North Asia
Paredes will continue in his role as CEO of DBS Bank (Hong Kong).
DBS names new group head of consumer banking, Singapore country head
She Tse Koon takes over from Sim S. Lim, who is retiring from executive duties.
High interest rates carry DBS to record net profit of $6.14b in 2022
Total income surpassed S$16b for the first time in the bank’s history.
Trust for Singapore banks rises for second consecutive year: study
The index rose to 70 points, indicating high trust in banks.
How digital mortgages will overhaul traditional banking models
Traditional banks will have to overhaul their branch-based models to appeal to modern homebuyers.
DBS secures China central bank funding for lending to green projects
PBOC will provide financial institutions with funds equal to 60% of a loan's principal.
Deutsche Bank names Serene Wee as managing director for SEA wealth business
Wee joins from Credit Suisse, where she spent 19 years working with UHNW clients.
Standard Chartered, Allinpay enable Singapore dollar QR payments in Hong Kong
Singapore dollar can now be used to pay in over 30,000 acceptance points in Hong Kong.
Bank of the Philippine Islands’ net income reaches record $722m in 2022
Revenue was bolstered by growth in its net interest income.
Fintechs pivotal to achieve $275t capital needed for successful sustainable transition: study
From 2026 until 2050, $9.2t a year in capital spending is needed to achieve net zero goals.
Indian banks’ Adani exposure minimal: Moody’s
Eexposure is less than 1% of banks’ total loans, the ratings agency estimates.
Hong Kong’s Mox Bank launch time deposit products with up to 10% interest
New customers who open an account in February will avail an additional 9.7% time deposit rate.
Chart of the Week: New Zealand’s BNPL market value to reach $1.2b in 2023
By 2026, the transaction value is expected to grow to $1.9b.
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1. Mizuho to acquire majority of Upsider’s shares for $309.8m 2. Singapore launches electronic deferred payments to ease cheque phase-out 3. SMBC appoints Joy Kwek to lead capital markets & solutions in APAC 4. NAB invests $55m to upgrade over 100 branches across Australia 5. Airwallex gains capital markets services license in SingaporeResource Center
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