Staff Reporter
Krungsri to power payments of Thailand’s export-import certificate issuances
Users no longer need to physically visit service centers.
Maybank facilitates $545m in investments into Johor-Singapore SEZ
It has facilitated submission of Letters of Intent by Thomson Medical Group, etc.
Chinabank’s net income up 10% to $116.8b in Q1 2025
Net interest income and total assets both grew double digits during the quarter.
Malaysia’s lending grew by 5.5% in Q1 2025
Household loans grew by 6% during the quarter.
BDO Network Bank is officially a thrift bank
It has secured regulatory approvals to convert from a rural bank.
Philippine bankers’ orgs ink MOU to improve banking skills
They will promote seminars, conferences, conventions, and training programs.
Embedded finance platform Credilinq closes $8.5m Series A funding round
It plans to expand to the US, and eventually the UK and Australia.
Singapore in talks with banks to enhance financing schemes for businesses
Local companies have expressed concern on delayed and cancelled orders.
China’s property market stabilisation is good news for lenders
But regional banks will still struggle, as recovery of lower-tier cities is still “lagging.”
Bank Pembangunan appoints Maybank Islamic CEO as new chief
Dato’ Muzaffar Hisham is BPMB’s new group CEO.
Citi Services launches PayTo initiator for institutional clients
The bank’s clients can initiate account-to-account payments from the service.
Fintechs, banks unite for win-win
Changing markets are forcing them to forge mutually beneficial alliances.
Mizuho Financial Group’s profits rise to record high JPY885.4b in FY2024
Annual dividend is JPY140 per share.
Sumitomo Mitsui FG’s profit up 22.3% to $8.12b in FY2025
Its return on equity is expected to rise to 9% to 10% in the next five years.
Hang Seng Bank restructures business, will cut 1% of core staff: report
An earlier report said that the bank is cutting 10% to 50% of staff in some teams.
Hong Kong’s card receivables down 5.8% to $19.5b in Q1
Delinquent and rescheduled ratio was 0.42% as of end March 2025.
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