Frances Gagua
UOB’s net profit stable at S$2.91b in H1; interim dividend is 88 cents
Income growth and lower allowances were offset by one-off integration costs.
Hang Seng Bank’s profits up 1% to HK$11.3b in H1
Net interest income and net operating income both rose.
HSBC’s profits after tax dip 2% to $17.7b in H1
The bank recognized a $1.2b impairment for the sale of its Argentina business.
Mergers and closures loom for China's 3,800 rural banks
About 70 rural banks have already undergone mergers since 2023.
APAC boasts highest digital wallet spending in the world
China, Japan, and Singapore are frontrunners in digital wallet adoption.
BOCHK to conduct system maintenance on 4 August
Some services will be unavailable until 12NN.
GXS Bank CEO Charles Wong steps down
Wong will become an advisor for the digital bank.
‘Robust’ revenues lifted BPI to record net income in H1
Earnings per share is PHP5.8 for the period, a 14% increase.
Higher margins, lower opex buoy Bank Central Asia’s profit growth in Q2
Net profit for the first six months of the year is $1.65b, 11% higher than in H1 2023.
BRI reports $1.83b (IDR29.9t) profit in Q2
President director Sunarso hailed their credit distribution and DPK.
Fees lift Singapore banks’ Q2 profits
But their Q2 profits are likely to be lower compared to Q1, analysts said.
BDO Unibank's net income up 12% to $357.7m in Q2
Total net income for H1 is $673.86m, according to data from the stock exchange.
Maybank names Alice Tan as head of group wealth management
Tan will continue on her role of Maybank’s head of wealth mgmt for Singapore.
Japan’s Concordia FG sees strong loan growth and improving profits
Its strong franchise base in Kanagawa Prefecture is an advantage.
MAS reprimands RVP One for SFR breaches
RVP failed to submit financial returns for 3 years, according to MAS.
More data needed for sustainable financing— experts
Banks are struggling to get the right data at the right place.
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Commentary
Asia’s banks hold the mandate to innovate. Now they must earn it.
Why Asia's banks are rebuilding their credit infrastructure in 2026
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Human Sparsity Blockchain: A citizen-validated ledger for digital finance supervision
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Digital transformation starts with leadership