Frances Gagua

Savings accounts with HK$1m will enjoy a bonus rate of 0.001% per annum.

The bank can no longer justify investing into this business, it said in a statement.

This is the product’s third market, after Singapore and Hong Kong.

The bank is already in talks with over 20 clients and prospects across Asia.

Over 500 business owners discover a groundbreaking e-financing solution that empowers SMEs to thrive in the digital age.

Organisations in Singapore today understand that customers want convenience and a personal touch when interacting with them and utilising their services. This is especially true of the banking and insurance sectors.

Its asset quality may be further strained by its planned acquisition of a ‘weak’ bank

Net interest margin compression will be offset by improved profits and stable capital.

Asset quality and nonperforming loans will likely remain between 1% to 1.5% in 2023-2024. 

The bank’s shares will be designated as dual counter securities by the stock exchange.

The guidance will cover FIs governance frameworks in managing climate-related financial risks.

Citi has also named a new country head for Citi Commercial Bank Malaysia.

No capital raising or sheet adjustment is expected from the country’s biggest banks.

The waived fees exclude Japanese yen transactions in its CommBiz platform.

Six out of the eight virtual banks in the city reported narrower losses in 2022.

Interest income declined as a result of interest rates falling during the period.