Staff Reporter
Sumitomo Mitsui FG’s profit up 22.3% to $8.12b in FY2025
Sumitomo Mitsui FG’s profit up 22.3% to $8.12b in FY2025
Its return on equity is expected to rise to 9% to 10% in the next five years.
Hang Seng Bank restructures business, will cut 1% of core staff: report
An earlier report said that the bank is cutting 10% to 50% of staff in some teams.
Hong Kong’s card receivables down 5.8% to $19.5b in Q1
Delinquent and rescheduled ratio was 0.42% as of end March 2025.
Philippine banks' lending grows at a slower pace in March 2025
Consumer loans grew 23.6% from more credit cards, motor vehicles, and general loans.
Bangkok Bank, Bangkok Life Assurance offer special deposit rate for life insurance customers
Its 2.5% per annum on top of the normal fixed deposit rates.
South Korea’s household loans rose KRW5.3t in April 2025
Household loans extended by banks rose at a faster pace compared to the previous month.
HSBC Global Private Banking names Kapil Khanna as desk head for three markets
Khanna was head of international investment counselling in HSBC.
Digital wallets dominate Singapore’s e-commerce payments value
Cards remain the top choice for point-of-sales (POS) spending, according to Worldpay.
Franklin Templeton gets approval to launch first retail tokenised fund in Singapore
Investors will be able to access the fund with a minimum investment of US$20.
Singapore banks deliver resilient Q1 earnings and reaffirms capital mgmt plans
Exposure to clients exporting to the US accounted for just 2% of loans.
Indonesian banks won’t be hit by export-related woes
Their exposure to export-oriented companies is small at 2.5%.
PayPal enables payment acceptance from over 200 markets
The new solution allows businesses to hold multicurrency balances.
NBFCs emerging as key lender to India’s micro and small businesses
They outpaced banks in growing their share of MSME loans.
SMBC board opposes proposals to amend articles on financial and climate risk
The board said that the proposals are inappropriate.
OCBC integrates stockbroking subsidiaries to Global Markets division
The bank expects to develop “more holistic” wealth propositions for its HNW customers.
SMBC names Luis Pereira as co-regional CIO for APAC
He will partner with Fumitaka Kato, co-regional CIO for APAC.
GXS Bank names Pei-Si Lai as group CEO
Incumbent CEO Muthukrishnan Ramaswami will become a senior advisor to the GXS Group.
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