Frances Gagua
DBS's Sanjoy Sen explores digital currency, future M&A opportunities
DBS's Sanjoy Sen explores digital currency, future M&A opportunities
Sen also discussed DBS’ recent integration of Citi Taiwan’s assets in just one weekend.
HSBC raises rates on new Hong Kong mortgages to 4.125%: report
The raise will come into effect on 18 September.
Citi makes new appointments in APAC treasury and trade business
Sumanta Panigrahi is the new APAC TWCS head, whilst Thus De Silva is the new APAC head of commercial cards.
CIMB raises sustainable finance target to $13.7b by 2024
The bank has already directed close to $9.6b in sustainable finance since 2021.
Thailand’s KBank has issued U$546m in sustainable financing
It shared plans to replace its cards with EVs or shift to using biofuel.
Standard Chartered HK to maintain good loan quality, profitability
The non-performing loan (NPL) ratio will likely increase as well, however.
Strong income drives CIMB to a 26.2% net profit growth in H1
An interim dividend of 17.5 sen per share has been proposed.
Foreign currency deposits push Hong Kong deposits to a 1.2% rise in July
Hong Kong dollar deposits dipped, whilst foreign deposits rose.
Chinese banks cut deposit rates: report
The banks cut deposit rates between 5 and 25 basis points.
Hong Kong has issued US$22b in green bonds: report
Proceeds for the bonds have been allocated or earmarked for green projects.
Hong Kong’s mortgage loans drop 18.2% in July: HKMA
Applications also fell to 8,086.
CITIC Limited reports $4.4b profit in H1
An EPS of RMB1.10 has been announced.
Virtual bank Trust turns one; 2.1 million transactions logged
The bank is giving away 100,000 bags of rice and doubling its referral rewards.
UOB Thailand unveils indoor event hub UOB LIVE
It has a capacity of 6,000 seats and will also offer dining and shopping experiences.
Weekly Global News Wrap: US floats stricter regional bank rules; Some China banks to cut mortgage rates
And Wells Fargo has agreed to return $40m in overcharged fees to 11,000 customers.
Indonesia, Malaysia, Thailand ink MOU for cross border bilateral transactions
The new framework is expected to synergise with cross-border payment initiatives.
Japanese banks report lower average lending rates in July
City banks’ interest rates for short-term and long-term loans decreased.
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1. CIMB Philippines says fund transfer issue ‘resolved’ 2. UOB inks MOU with Accenture for AI adoption and application 3. Cambodia and Japan enable QR code payments between the two countries 4. Standard Chartered appoints Noelle Eder as group head of tech & operations 5. HSBC group chairman Mark Tucker announces retirementResource Center
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