Frances Gagua

Net non-performing assets dropped to a record low in Q3 FY2024.

Exposure to the property sector remains small and does not pose material risk.

The one-time payment was given out in February.

Loans for brand new and resale residential properties registered double-digit increases.

This reflects fund outflows from corporates, says the Hong Kong Monetary Authority.

Net interest margin is expected to be “flattish” in 2024 at 1.9%.

China Construction Bank, ICBC, and CITIC Bank will be most negatively affected.

Average interest rate for new loans taken by large firms dropped 12 basis points.

Banks hold an additional US$1.6t of assets in their overseas branches.

Members with a JCB card issued outside of Japan can avail of the cashback.

The number of Koreans who traveled overseas tripled in 2023.

Over 3 in 4 of the loans disbursed in 2023 were from repeat customers.

Top regulator calls for EU banks to improve risk management.

Singapore will have 867 fintechs for every 1 million people, UnaFinancial said.

The 7 sen special dividend is separate from the annual dividend of 36 sen per share.

Banks globally are at the fulcrum of a changing world and face a dramatic need to refresh and reposition to address falling valuations whilst meeting core financial and societal needs.