Frances Gagua
Mandated property lending poses challenges for Agricultural Bank of China
Mandated property lending poses challenges for Agricultural Bank of China
ABC also faces a moderate decline in profits following recent rate cuts.
Tighter interest margins and rising bad loans weigh on CCB
The non-performing asset ratio is expected to rise to 4.48% in 2024.
SIA taps Mastercard for Southeast Asia loyalty card programs
The co-branded credit and debit card programs offer new ways to earn KrisFlyer miles.
16 foreign e-wallets now accepted in Japan through Alipay+
Alipay, KakaoPay, Touch ‘n Go, GCash and TrueMoney are the most popuar.
Bangkok Bank’s large credit reserves lends stability to problem loans
The bank is expected to maintain strong solvency and liquidity.
India’s stricter regulations to pull down FIs’ loan growth and raise costs
Loan growth is expected to register a 16% decline in 2024.
Hang Seng Bank unveils HK$33b SME Power Up Fund
Products include an SME Financing Guarantee scheme and non-collateralized loans.
UOB names new head of global group markets and new Hong Kong CEO
Kelvin Ng and Adaline Zhang bring over two decades of experience to their new roles.
BEA’s Mongkok Branch open 7 days a week until 30 June
It will be open from 1PM to 5PM on weekends during the period.
APAC banks ready for Basel III
Transition is not expected to have a substantial impact on capital requirements.
Japan’s policy rate may rise to 0.25% by end-2025: Fitch
Regional banks will not benefit much from rising interest rates, however.
BEA unveils new credit evaluation process for SMEs in trade sector
It has teamed up with PAOCCRA and will use the Commercial Data Interchange of HKMA.
Taiwan’s First Commercial Bank boasts sound asset quality but property risks abound
It should be able to mitigate these risks with its conservative LTV ratio and solid economic conditions.
OCBC cross-border QR payments to quadruple in 2024 on China tourist wave
The bank anticipates 250,000 cross-border QR payments this year.
BPI Private Wealth aims to double assets and capture 25% local HNW market
CEO Maria Theresa Marcial says they are targeting US$53b in AUM by 2026.
Weekly Global News Wrap: HSBC may receive just $21.7m from Russia sale; 282 US banks at risk
And Japan’s small businesses, homeowners brace for life after the interest rate policy shift.
Maybank inks MOU with fintech Doxa for supply chain financing
Services include digitisation of documents and other payment solutions.
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He highlights the importance of cultural context, workforce mobilisation, and data-driven strategies in financial sector innovation.
