Frances Gagua
OCBC logs 8% net profit rise to S$7.59b in FY2024 on higher wealth income
OCBC logs 8% net profit rise to S$7.59b in FY2024 on higher wealth income
Its earnings per share is S$1.67, and total dividend is S$1.01.
Enhanced bourse appeal may lift Singapore’s investment banking space
Efforts to reform the stock market could also benefit wealth management income.
StanChart's cost-cutting to weigh on 2025 profits but wealth segment strong
The bank should be able to manage real estate challenges in Hong Kong, China, SoKor, says S&P.
Taiwan proposes amendments to securities regulations
Amongst changes include a capital requirement of NT$100m for dealers.
South Korea’s corporate financing through issuances up 28.5% in January
IPO proceeds tripled, but rights offerings plunged during the month.
Indonesia, Thailand, Malaysia harmonise local currency transaction framework
Portfolio investments are now part of the eligible cross-border transactions.
CTBC Bank Philippines revamps online corporate banking portal
It offers real-time updates and flexible workflow set-ups.
Norinchukin names new CEO, establishes new senior director roles
Its research and asset management leaders are nominated as Director and Senior Managing Officers.
Standard Chartered’s profit up 17% to $4.04b in 2024
Its earnings per share is 141.3 cents.
BSP welcomes the Philippines' removal from AML/CFT grey list
The central bank said that it has strengthened its AML/CFT regime.
Here’s how UOB plans to grow its loans and ROE
The Singapore bank is relying on growth from its ASEAN 4 markets.
Nam A Bank to enjoy improved capital and profitability through 2026
Asset quality pressures are expected to moderate over the next 12-18 months.
SME loan exposure raises Bank Rakyat Indonesia’s asset risk
Profitability is also set to decrease in 2025, Moody’s said.
Trust Bank reaches 1 million customers, unveil TrustInvest
Its revenue is S$97m for 2024.
Bangkok Bank approves paying out $485m for dividends
The THB6.5 per ordinary share will be paid out on 9 May.
Japan Post Bank’s net income up 17% to $2.05b in Q3 FY2025/3
Net income per share is JPY85.26.
BEA’s profits up 11.9% to $591.9m in 2024
Operating profit before impairment losses is up 3%.
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1. Revolut Singapore hits first year of net profitability in 2024 2. CIMB Philippines says fund transfer issue ‘resolved’ 3. Bank of America appoints Phil Carmalt as head of APAC GPS 4. HSBC Singapore unveils wealth centre at The Star Vista mall 5. Citi names Goldman Sachs banker as head of markets solutions in Asia South & NorthResource Center
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