Frances Gagua
PH banks missing out on revenue from growing middle class market
PH banks missing out on revenue from growing middle class market
Over 7 in 10 loans made by banks are extended to corporates– leaving 15 million SMEs and self-employed workers with little access to traditional finance.
Public Bank raises interest rates by 0.25%
Its standardised base rate will now be 3%, whilst base lending rate is 6.72%.
Fuelling the future of finance with data streams
Traditional institutions need to utilise constant, real-time data flow that generates insights on the fly.
OCBC upskills 2,000 elderly customers with its Digital Silvers programme
It is increasing its workshops to thrice a week from only twice a month.
Singapore’s Trust Bank exceeds 450,000 customers in 5 months
This comes after the bank onboarded 100,000 people in 10 days after launch.
HSBC posts pre-tax profit of $12.9b, with first quarterly dividend at $0.1 per share
Profits include a provisional gain of $1.5b from SVB Bank UK acquisition in March.
DBS hits record net profit of S$2.57b in Q1
Board has declared a dividend of SGD 42 cents per share.
Mox Bank hit HK$170m operating income in 2022
The bank remains dedicated to reaching break-even in 2024, CEO Barbaros Uygun said.
Hong Kong’s livi bank records HK$17m operating income
Its loan balance has surpassed HK$1.3b as of end 2022.
Hong Kong banks reminded they may engage with virtual asset entities: central bank
There have been more comments from foreign firms on the difficulties of opening a bank account.
Hong Kong’s residential mortgage loans in red decreases to HK$34.4b
The total cases is at 6,376 by end-March, lower than the over 12,000 cases in 2022.
Vietnam’s HDBank targets $562.67m profit for 2023
Shareholders approved a dividend distribution of 10% in cash and 15% in shares.
SFA, Austrade kick-off Project Lorikeet to support fintechs expansion in both markets
Supporting partners are HSBC and Amazon Web Services.
Bank of East Asia extends Saturday hours of three select branches
The branches can provide personal account opening and general enquiry services.
Weekly Global News Wrap: Klarna, Block execs calls UK’s planned BNPL regulations “outdated”; Citi’s global FX head to leave
And fintech Boost looks to raise $50m to $100m in possible new funding round.
Techcombank launches AI-powered money management services
It will provide insights on payment behaviors and analyze transactions.
Goldman Sachs shareholders call for bank to release net zero transition plan
The resolution is reportedly supported by 30% of shareholders.
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