Staff Reporter
Futu bags $1.2b net income in Q2 2024
Earnings per share stood at 1.08 Hong Kong cents.
‘Deteriorating’ property market leads to 1% drop in Fubon Bank’s H1 net profit
Total impairment losses amounted to HK$279m.
StanChart beefs up leadership of trade and transaction banking teams
SC appointed new banking heads based in Singapore and Germany.
MUFG to support info and comm infrastructure projects in Uzbekistan
MUFG will work with authorities to increase capacity for organising internet channels, amongst others.
Japan’s Rakuten Bank surpasses $74.75b in deposits
The bank reported over 16 million accounts as of July 2024.
Malaysia’s corporate loans grow faster in Q2
Household loans grew at the same pace as in Q1.
SG banks, insurers customer experience quality unimproved in 2024
It's become difficult to distinguish leaders from laggards as the gap has narrowed.
Over 1 in 4 youths are financially unprepared: UOB study
There are 26% of Gen Zs who don’t follow MAS’ rule of thumb.
Siam Commercial Bank rolls out online international trade service
Transactions can be made without the need to submit original documents.
SME Bank partners with MARC to support Malaysian SME growth
They will combine their expertise in data and business coaching.
Indian bankers optimistic for loan demand: survey
Except for mining and quarrying, demand is expected to hold up through September.
South Korea mulls easing “network separation” rules on financial companies
It has formed a sandbox program to allow FIs to explore the use of gen AI.
PH central bank pushes for digital wage payments
PH central bank pushes for digital wage payments
Deutsche Bank nabs Citi banker as head of global corp coverage in India
Manik Chhabra joins Deutsche Bank beginning 19 August.
DBS launches multi-currency commercial debit card
Businesses can lock in rates 1 year in advance.
Military Commercial JS Bank to sustain profits despite rising bad loans
Its NPL ratio deteriorated to 1.6% in June 2024 vs 1.4% a year earlier.
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He highlights the importance of cultural context, workforce mobilisation, and data-driven strategies in financial sector innovation.
