Staff Reporter
PSBC’s capital boost strengthens funding for rural and SME financing
PSBC’s capital boost strengthens funding for rural and SME financing
Low capital has constrained PSBC’s growth in its niche area of rural and inclusive finance.
BNP Paribas names Marc Camus as chief information officer
Camus will oversee the bank’s IT strategy and IT System security.
Hyundai Card leads Korea’s credit card sales with PLCC dominance and data science
It holds a 78% market share in the private label credit card sector.
Singapore’s financial sector turns to contract hiring for cost control
Hiring processes have become lengthier as employers consider cultural fit and regulatory compliance.
ZA Bank appoints Calvin Ng as CEO
Ng has been its executive director since September 2022.
Bank of East Asia names Bi Ming-qiang as chief executive of BEA China
Bi was formerly CEO, executive director, and president of China CITIC Bank International.
China Citic Bank stays resilient with lower exposure to risky sectors
The bank is less vulnerable to challenges from the property and retail banking segments.
PH central bank orders FIs to strengthen surveillance against vote buying
The Philippines will hold elections in May 2025.
Singapore places fourth for most ‘ATMs near me’ Google searches
Sri Lanka, Malaysia, Mongolia, and Hong Kong also made the list.
MoneyHero partners with BPI to expand credit card offerings
Users can compare more than 20 credit card options in MoneyHero’s platform.
Mizuho buys tech-based carbon dioxide removal credits
It has joined a joint carbon credit facility to promote and disseminate such technologies.
UOB unveils FDI Advisory Centre in South Korea
The bank has helped over 150 Korean companies expand to SEA since 2011.
Indonesians desire better fraud protection in real-time payments
Nearly all of the Indonesians surveyed have sent and received RTP.
Bank of China Hong Kong stays resilient with buffer against CRE risks
S&P anticipates moderately slower asset growth.
India tightens microfinance rules to curb borrower overleveraging
Lending in the sector has slowed down as tighter rules began rolling out in 2024.
Hong Kong banks have enough buffers against commercial real estate strains
But small and midsize banks are likely to experience greater strain due to their higher exposure to commercial property.
Millenials, Gen Z to lead fintech adoption in Southeast Asia by 2030
Adoption could rise to 79% by 2030 from 65% in 2024.
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1. Revolut Singapore hits first year of net profitability in 2024 2. CIMB Philippines says fund transfer issue ‘resolved’ 3. Bank of America appoints Phil Carmalt as head of APAC GPS 4. HSBC Singapore unveils wealth centre at The Star Vista mall 5. Citi names Goldman Sachs banker as head of markets solutions in Asia South & NorthResource Center
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