Staff Reporter
Philippine banks’ loans up 11.1% in Nov 2024
Philippine banks’ loans up 11.1% in Nov 2024
Loans to residents grew faster whilst loans to non-residents slowed.
2 in 3 people to own a digital wallet by 2029: report
As of 2024, an estimated 52.6% of the world uses a digital wallet.
Citi names Jeff Wu as head of market sales for China
Wu will relocate to Shanghai.
WeLab Bank achieves first breakeven in Dec 2024
WeLab Bank credited it to its expanded loan book.
Land Bank of Taiwan secures license to operate in Australia
It can operate as a foreign authorised deposit-taking institution.
South Korea to unveil guidelines for short-selling
It plans to expand the English DART and Open DART services in January.
Luxembourg’s Banking Circle to buy Australian Settlements Ltd.
ASL provides settlement and payment services in Australia.
SEA fintech funding drop 23% to $1.6b in 2024
This is 75% lower than the funding it got in 2022.
Taiwanese banks’ SME loans rose in November
The bad loans ratio declined by 0.1 percentage point.
Hong Kong launches incubator for banks’ adoption of DLT
Tokenised deposits will be a core focus upon the incubator’s inception.
Nine in 10 SMEs enhances brand image through HKSMEA, Dah Sing Bank initiative
The survey showed that 72.2% acknowledged funding support for certification.
Japanese banks’ total assets at $9.15t in Nov 2024
Banks hold $1.52t in assets overseas.
Four factors shaping APAC’s digital retail payments in 2025
Cash remains relevant in Malaysia and Singapore.
XTransfer granted MPI license in Singapore
XTransfer will launch its payments solutions soon.
Taiwanese banks' outstanding loans rises to $1.29t in November 2024
Non-performing loans of these banks totalled $1.98b, reflecting a $50m decrease.
Vietnam's banking system poised to achieve 16% credit growth: SBV
The growth targets for credit institutions will be determined based on their 2023 ratings.
Reserve Bank of India lifts restrictions on Asirvad Micro Finance, DMI Finance
It issued a cease and desist order from loan sanctioning in October 2024.
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