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Mashreq bags Open Banking Initiative of the Year - UAE at ABF Retail Banking Awards 2024 for its innovative Global Non-Resident Platform
Mashreq bags Open Banking Initiative of the Year - UAE at ABF Retail Banking Awards 2024 for its innovative Global Non-Resident Platform
The initiative transforms the Non-Resident banking experience globally with seamless, secure, and personalised services.
Stronger deposit base buoys HDFC Bank’s improving profits
Return on assets of 1.8% is higher than the 1.3% industry average.
MUFG hires ex-UBS, SVB directors for healthcare finance arm
The hires strengthen MUFG’s middle market healthcare businesses.
Philippine regulators amend FX regulations, set penalties
A maximum penalty of $17,130 is set for each transactional violation.
Cambodian banks’ bad loans ratio to peak at 7.7% in 2026
Its tourism and real estate sectors continue to lag behind the economy.
UOB Indonesia’s privilege banking clients granted free access to airport lounges
Customers can get up to 10 complimentary passes annually.
DBS Hong Kong has sufficient buffers for property downsides
The bank is expected to maintain strong capitalisation and profitability.
Financial services industry sees shift to digital, partnership-led business models, says PwC Partner
Industry innovations have become increasingly focussed towards customer centricity amidst keeping pace with evolving needs.
China’s XTransfer gains in-principle approval for Singapore MPI license
XTransfer plans to launch e-business wallet services in the Lion City.
SG’s Maribank names ex-Trust Bank exec as new CEO
Natalia Goh takes over from Zheng Yudong, who will remain an advisor.
Philippine remittances up 3.7% to $2.88b in May
Cumulative personal remittances rose by 3% during the month.
Indonesia and South Korea to enhance cross-border payments
The central banks expect that it will promote digital economy and benefit the tourism sector.
South Korean banks’ bad loans sees uptick in May
The delinquency rate stood at 0.51%, 0.03ppt higher than in April.
Banks to log $82b losses in 2024: S&P
This is due to credit costs normalisation and not asset problems.
India mandates banks to issue fraud notices: report
The time allotted to respond should not be less than 21 days.
Krungsri sees FX profits rise 21% in Q1
Digital FX transactions is 64% higher year-to-date.
EXIM Thailand inks MOU to support foreign investments
The bank will give special offers, such as special interest rates, to entrepreneurs.
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