Staff Reporter
Korean banks’ lending to corporates, SMEs rise in August
Korean banks’ lending to corporates, SMEs rise in August
Loans extended to large corporations and SMEs both rose during the month.
Mortgages drive demand for South Korean household loans in August
Demand for other loan types fell, however.
HSBC names Lok Yim as regional head of APAC global private banking
Yim joins from Deutsche Bank, where he was CEO of its Hong Kong business.
YouBiz unveils multi-currency corporate cards in Singapore
The card can be issued in 9 currencies without FX fees or monthly subscription fee.
Australia’s Zip teams up with Primer to accelerate US expansion
Primer is expected to help drive distribution of Zip’s BNPL services in the market.
Singapore’s banking customer experience stagnates in 2023: Forrester
Citibank and DBS improved their CX scores, whilst three other banks got lower scores.
‘Optimism’ drives credit activity growth in Hong Kong
Hong Kongers are more optimistic about their household finances for the next 12 months.
Mashreq Gold earns Wealth Management Platform of the Year award for Digitisation Initiative
By integrating advanced technology with personalised service, the firm’s all-in-one digital platform offers affluent clients a comprehensive suite of wealth management tools.
HSBC raises rates on new Hong Kong mortgages to 4.125%: report
The raise will come into effect on 18 September.
Citi makes new appointments in APAC treasury and trade business
Sumanta Panigrahi is the new APAC TWCS head, whilst Thus De Silva is the new APAC head of commercial cards.
StanChart names Mike Tan as new global head of wealth planning and family advisory
He will start in his new role on 25 September.
CIMB raises sustainable finance target to $13.7b by 2024
The bank has already directed close to $9.6b in sustainable finance since 2021.
Bain & Company’s Edy Widjaja offers insights on Southeast Asia's banking evolution
Delve into the perspectives of Bain & Company’s Edy Widjaja on thriving amidst digital banking challenges and seizing emerging opportunities in Southeast Asia.
Banks must rethink offerings and unlock new value amidst shifting macro forces, says Deloitte's Ho Kok Yong
Rising geopolitical risks, reduced global integration, and fragmented payment systems are driving a shift toward a new global economy.
Thailand’s KBank has issued U$546m in sustainable financing
It shared plans to replace its cards with EVs or shift to using biofuel.
Standard Chartered HK to maintain good loan quality, profitability
The non-performing loan (NPL) ratio will likely increase as well, however.
Robocash Group enters new phase as ‘UnaFinancial’
It plans to expand its services in the financial sector.
Commentary
Asia’s banks hold the mandate to innovate. Now they must earn it.
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