Frances Gagua
Mortgages drive demand for South Korean household loans in August
Mortgages drive demand for South Korean household loans in August
Demand for other loan types fell, however.
HSBC names Lok Yim as regional head of APAC global private banking
Yim joins from Deutsche Bank, where he was CEO of its Hong Kong business.
YouBiz unveils multi-currency corporate cards in Singapore
The card can be issued in 9 currencies without FX fees or monthly subscription fee.
Australia’s Zip teams up with Primer to accelerate US expansion
Primer is expected to help drive distribution of Zip’s BNPL services in the market.
Singapore’s banking customer experience stagnates in 2023: Forrester
Citibank and DBS improved their CX scores, whilst three other banks got lower scores.
‘Optimism’ drives credit activity growth in Hong Kong
Hong Kongers are more optimistic about their household finances for the next 12 months.
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.
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He highlights the importance of cultural context, workforce mobilisation, and data-driven strategies in financial sector innovation.
