Staff Reporter

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.

Suncorp sells banking business to ANZ for $3.33b

ANZ will continue to operate it as Suncorp Bank for five years.

SMBC names Priya Bellino as Head of ESG Solutions in APAC

Bellino’s prior career spans two decades with EY and Goldman Sachs.

Card payments in South Korea to breach $1t: GlobalData

The average frequency of credit card usage in the country grew 137.5 times in 2022.

Taiwan signs fintech cooperation MoU with Israel

The country signed a similar agreement with four other countries.

Taiwan banks’ NPL ratio at 0.16% in May

NPLs across the 39 domestic banks in the country totalled US$1.98b.   Taiwan banks’ average non-performing loans ratio stood at 0.16% in May, 0.05 percentage points lower than in the same month in 2021, according to data released by the Financial Supervisory Commission (FSC).   NPLs across the 39 domestic banks in Taiwan totalled US$1.98b (NT$57.58b), an increase of US$0.01b (NT$0.32b) from the $1.97b (NT$57.16b) as of end April.   Total outstanding loans across 39 domestic banks rose to $7.14b (NT$207.5b) during the same period.

How Singapore survived the global fintech funding fall

In Q2, the country's global market share by deal value jumped to 6.4%.

Weekly Global News Wrap: US banks’ profits to fall; Crypto lender Celsius goes bankrupt

And UBS appoints Iqbal Khan as head of its wealth management division.

Investment to Singapore fintechs in Q2 down 55% from Q1

Blockchain & Crypto firms snagged the lion's share of deals, but enthusiasm may wane amidst new regulations.