Frances Gagua
India’s Yes Bank records 45% net profit drop: report
India’s Yes Bank records 45% net profit drop: report
Net profit fell much lower than anticipated by analysts.
Steady margins will push Daegu Bank to stable profits in 2023
The bank’s dividend payouts will remain at current levels of 40% to 50%, Moody’s reported.
Japan’s Chiba bank to maintain above domestic average profitability
The bank will maintain strong loan quality and liquidity, Moody’s said.
MAS unveils Finance for Net Zero Action Plan
The new net zero plan has expanded to include transition finance.
Weekly Global News Wrap: UBS to retain only few Credit Suisse senior bankers; open banking to increase liquidity risk
And the UK must make it easier for banking staff to work remotely, says industry body.
Chinese banks' bad loans to hit $95b in 2024
Stress from property sector continues to weigh.
Digital finance platform Funding Societies has disbursed $3b of funding to SMEs
The company offers lending, payments, and collections services.
BNP Paribas launching wealth management business in Thailand: report
It will use the bank’s platform in Singapore.
Alternative payments account for 43.3% of e-commerce purchases in Hong Kong
Over 90% of Hong Kong consumers have shopped online over the past 6 months.
MAS chief Ravi Menon set to step down in 2023: report
Chia Der Jiun is tipped to be the next managing director of Singapore’s central bank.
VPBank’s stake sale to SMBC to uplift its capital, balance growth plan
But “aggressive” growth plan, real estate sector woes will weigh on asset quality.
Australia, New Zealand’s banks face higher costs, weaker profits in H2 2023
Overall performance will be broadly similar to 2022, according to S&P Global Ratings
Bank of Ayudhya’s profitability recovers to pre-pandemic levels
Bad loans are expected to stay at a ratio of 3% over the next 12 to 18 years.
End-to-end redesign, customer satisfaction key trends for Thailand’s banking leaders
Industry leaders and experts from 29 different organisations gathered for the Asian Banking & Finance Bangkok forum held at JW Marriott Bangkok on 4 April.
Hong Kong new-to-credit market tread path to recovery
The city reported 127,000 NTC customers in 2021.
Household loans extended by South Korean banks shrank for third straight month: report
High borrowing costs lowered demand.
BPI launches refreshed mobile app
New clients can open an account within five minutes with just one valid ID.
Commentary
The Asian connection: China's path to sustainable growth