Frances Gagua
South Korea’s industrial lending up $2.27b in Q4 2024
South Korea’s industrial lending up $2.27b in Q4 2024
Loans to working capital fell but rose for facilities investment.
Siam Commercial Bank unveils online gold trading service
It offers real-time transactions starting at 0.1 troy ounces.
StanChart’s Elayne Ho takes on new challenges each year to succeed
She cites the importance of surrounding herself with female role models.
Empowering Women in Finance: Securing a Future of Opportunity
The industry can empower women in finance in part by offering better security, says Jamie Bertasi.
Taiwanese banks’ total outstanding loans rise to $11.89b in Jan
The NPL ratio rose to 0.16% and NPL coverage ratio fell.
DBS CEO Piyush Gupta earned $17.58m in 2024
About $9.35m of this is a deferred award, of which 17.1% will be in cash.
Razorpay rolls out payments platform to Singapore
It offers AI agents and a magic check-out service.
Australia’s G&C, Unity Bank officially merge
G&C will maintain a strong capital position but faces integration risks, S&P said.
Hong Kong’s uFinance offers student loans to college students
They can borrow up to $21,050 per semester, at an interest rate of 6%.
Philippine bank lending rises on higher credit card, motor loan demand
Lending to key industries such as real estate and retail trade also rose.
Citi appoints Rob Chan as head of ECM Syndicate for Asia
Chan has been with Citi for 22 years.
Citi Indonesia names Wit Oemar as head of corporate banking
He is one of the founding members of Citi Commercial Bank in Indonesia.
OCBC’s Iris Ng champions SMEs, green financing
The banker worked on making capital loans more accessible to SMEs through embedded finance.
Proposed capital injection to help Chinese megabanks expand loans
It will mitigate pressure from weakening internal capital generation, S&P said.
CommBank adds extra confirmation step for NetBank logins
Customers using the CommBank app will be prompted for confirmation.
Indonesia and Australia renew $6.2b bilateral currency swap agreement
It will last for 5 years.
Vietnamese banks may see up to 16% credit growth over next two years
Demand will come from the manufacturing, construction, and real estate sectors.
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1. Revolut Singapore hits first year of net profitability in 2024 2. CIMB Philippines says fund transfer issue ‘resolved’ 3. Bank of America appoints Phil Carmalt as head of APAC GPS 4. HSBC Singapore unveils wealth centre at The Star Vista mall 5. Citi names Goldman Sachs banker as head of markets solutions in Asia South & NorthResource Center
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Compliance and legacy systems stall B2B payment shift
Retail drives digital payments as B2B adoption lags.
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The Asian connection: China's path to sustainable growth