Staff Reporter

Kasikornbank headed for year of portfolio clean-up

Kasikornbank headed for year of portfolio clean-up

UOB Kay Hian “surprised” regarding the Thai bank’s flat loan growth target.

Mizuho’s profits tripled in 9M FY2024

Consolidated gross profits rose 288.9% thanks to the rate hike and NII growth.

Malaysia’s private non-financial sector loans up 5.2% in Dec 2024

Business loan growth moderated although SME loan growth was “sustained.”

Asia’s fintech transactions to reach $19t by 2025: UnaFinancial

Asian fintech transactions reached $16.8t in 2024, according to the report.

Nearly 90% of Singapore banks lose clients due to onboarding delays

Singaporean banks have been experiencing the highest client losses worldwide due to Know Your Customer (KYC) inefficiencies. 

Citi appoints Christie Chang as CEO for Taiwan

She succeeds Aftab Ahmed, who retires after 50 years with Citi. 

UBS net earnings dwindles to $5.1b in FY 2024, revenues up globally

Asia operations pencilled a profit before tax of $271m

SG, Indonesia FinTech startups funding decline in 2024

Singapore tech startups raised $2.1b whilst Indonesia funding declined by 75%.

Alipay overseas transactions spike 30% amidst new year festivities

Singapore registered the fastest growth of 56% YoY.

BSP, Royal Canadian Mint ink MoU on currency management

It outlined key areas of cooperation including technology exchange.

HSBC, Delta Capita collaborate on post-trade services

Delta Capita established operational hubs in Kuala Lumpur and Manila.

Euroclear Bank secures Singapore branch licence

It will operate under a wholesale banking licence.

Leverage travel as a competitive advantage to strengthen customer engagement and loyalty

With travel increasingly becoming a priority for consumers in Asia Pacific, it presents unique opportunities for brands to build strong relationships with their most valued customers, differentiate from competition, and deliver measurable business impact.  

Most MSMEs in Asia seek bank loans first, but success rate remains low at 57%

Amongst all funding options, microfinance institutions had the highest success rate.