Frances Gagua
Sumitomo Mitsui Banking Corporation’s net profit up to $9.34b for FY2022
Sumitomo Mitsui Banking Corporation’s net profit up to $9.34b for FY2022
Year-end dividend per share is JPY125 or US$92.
Singapore’s big three banks averaged 3% decline in total returns in Jan-May: SGX
They are performing better than their US counterparts, however.
UOB unveils exclusive wine pairing dinners for cardholders
Cardholders can also attend invite-only wine masterclasses.
Foreign JCB cardholders offered Tokyo Tower discounts
They can avail a 30% discount on the admission fee until 30 April 2024.
Hang Seng Bank upgrades Hysan Avenue Branch to become pet-friendly
The branch offers a designated pet-friendly waiting area.
Ravi Menon reappointed as managing director of MAS
Senior Advisor Goh Chok Tong is stepping down from his position.
South Korean banks’ loans to households, corporates up in April
Corporates borrowed money for dividend payments, the Bank of Korea said.
OCBC prices A$1b senior floating rate green notes
The bank will issue the notes through its Sydney Branch.
Unsecured lending pushes Philippine banks’ retail lending growth
Salary-backed general consumption loans jumped 68.8%.
Weekly Global News Wrap: Grupo Mexico closing in on $7b Citi Banamex deal; Bank of America opens Luxembourg branch
And Credit Suisse CEO to join UBS board once deal is completed.
India’s Muthoot Financial retains stable asset quality, moderate profits
Credit costs have also been at a low 0.1% to 0.2% since March 2019.
Mastercard unveils new Data & Services hub in Malaysia
The company’s D&S experts work with nearly 4,000 clients over 120 countries.
OCBC hits record net profit, declares S$1.68 EPS for Q1
Net profit of S$1.88b is 39% higher than in Q1 2022.
GXS Bank launches brand in Singapore with GXS FlexiLoan, campaign
GXS collaborated with three local artists to create the key visuals for the campaign.
1 in 5 of OCBC’s home, renovation, and car loans now green
The Singapore bank has extended over S$3.5b of green loans in two years and targets a 10% growth in 2023.
Korea, Indonesia central banks ink MOU for bilateral trade: report
It reduces companies’ exposure to exchange rate risks.
South Korea daily FX turnover hit all-time high in Q1
Increased demand for cross-border transactions of securities drove the growth.
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He highlights the importance of cultural context, workforce mobilisation, and data-driven strategies in financial sector innovation.
