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MAS appoints trade minister Gan Kim Yong as new chairman
MAS appoints trade minister Gan Kim Yong as new chairman
He will be replacing DPM Lawrence Wong.
OCBC launches $676.95m fixed rate subordinated notes
The notes will have a coupon of 5.52% annually.
Indonesia, UAE team up to promote local currency use in bilateral transactions
UAE and Indonesia's non-oil trade grew to $3.1b between 2017 and 2023.
CIMB Group’s opex to ease whilst non-interest income poised for growth
Loans are poised for a 6% growth, UOB Kay Hian said in a report.
CTBC Bank PH unveils redesigned web interface and mobile banking app
The app features personalised widgets and customisable features.
SGX welcomes ETF tracking APAC financial institutions
It has S$47m in assets under management at launch.
Standard Chartered names three leaders to global transaction banking team
The three new hires are previously from J.P. Morgan, DBS, and Bank of America.
Daegu Bank bets long-term with digital amidst home market issues
The Korean bank has turned its eyes to Seoul to grow its retail banking activities.
Gov’t ties to buoy Korea Development Bank's capitalisation
Problem loans are expected to rise, however.
Taiwan banks’ SME loans rise to $303.6b in March
The NPL ratio remained at 0.24%.
No contagion risk for Vietnam banks from billionaire corruption scandal
But it exposed structural weaknesses in Vietnam’s banking and financial industry.
UOB grants 30,400 shares to eligible non-executive directors
The share awards are part of the directors’ remuneration for 2023.
Taiwan e-payments rose to $475.4m in Q1
A total of 1.897 billion non-cash payment transactions have been recorded.
Taiwan cards' revolving credit rise to NT$107.3b in March
There are over 37 million active credit cards on the island.
OCBC logs record net profit of S$1.98b in Q1; EPS is S$1.76
Higher wealth management and insurance income pushed up fee income.
Chart of the WeekL 1 in 2 e-commerce purchases in New Zealand use payment cards
Cash accounted for just 3% of all e-commerce payments.
Taiwan’s domestic banks extended $1.23t in loans as of end-March
The average bad loans ratio is 0.16%.
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