Frances Gagua

Over $4.3b of ESG-linked sukuk was issued globally in Q2 2022.

It will fund environmental and social projects such as water and sanitation infrastructure.

The bank is expected to benefit from rising interest rates, says CEO Piyush Gupta.

Asset quality will not significantly deteriorate, but banks face risks if US rate hikes are larger than expected.

This was buoyed by higher net interest, although non-interest income fell during the period.

Banks are calling for legislators to impose carbon tax and a common taxonomy of goals.

And India’s Yes Bank is selling up to a 10% stake for $1.1b.

Rising rates and tightening policies hurt borrowers’ repayment capacities and push up operating costs.

This comes a day after HSBC promised higher dividends.

The board has approved an interim dividend of $0.09 per ordinary share for the period.

The sale includes the transfer of 1,540 staff to the Philippine bank.

Profit growth was thanks to loan growth and fee income growth.

They can use the coins to redeem NFTs, e-vouchers, amongst others.

The MOU was signed in the presence of India’s prime minister Narendra Modi.

Lim is currently the COO of DBS’ Institutional Banking Group.

If it continues this trend, fintech investments will be down 39% in 2022.   Financial technology (companies in Australia raised $0.8b of capital during the first six months of the year, according to data gathered by Fintech Global.