Frances Gagua

Bank of the Philippine Islands' issues $373m fixed-rate bonds due 2024

BPI Rise Bonds have an interest rate of 5.75% per annum.

UnionBank net income up 12% to $233.59m in 2022

Revenue hit a record high, whilst consumer loans rose after acquiring Citi’s assets.

Thailand's KBank targets 5-7% loan growth in 2023

Thailand's economy will recover unevenly, varying across different businesses, KBank's CEO noted.

High inflation, interest rates may increase Southeast Asian banks’ loan problems

Both asset quality and profits will weaken but should be manageable, says Moody’s.

Better rates, lower fees not enough for digital banks to make a profit: analyst

Those who can tap into their parents’ customer base have the best chance of success.

RHB Singapore offers 4.28% interest for its 12-month fixed deposit

The promotional rate is available only at RHB’s refreshed  Cecil Branch and Premier Centre.

Hong Kong’s card payments market to hit $106.7b in value by 2026

But rising interest rates and ongoing geopolitical tensions threaten growth.

Chart of the Week: India’s card payments market to reach $581.2b by 2026

The card payments market value grew 26.7% in 2022, according to estimates.

Less than 10% of global energy financing went to renewables: study

Of the $2.5t funneled to energy firms, only $178b were for clean energy activities, the report said.

Korean banks’ bad loans ratio up 0.02ppt in November

Ratio reflects loans overdue by at least one month.

India’s Yes Bank saw profit drop 80% in Q4 2022: report

The bank aims to recover INR10b in the current quarter, its chief executive said.

Role of the financial sector towards achieving sustainable development goals in Bangladesh

Bangladesh, a country with a high population density, has achieved this accomplishment thanks to the political leadership's passion and commitment to the MDGs, especially at the highest levels of the current Government. The Honorable Prime Minister of Bangladesh has received particular recognition from foreign organizations by being given awards for achieving certain MDG milestones.

Australian structured finance issuance slowdown imminent in 2023: S&P

The multiple interest rate raises will begin to bite on issuers.