Frances Gagua
Investment to Singapore fintechs in Q2 down 55% from Q1
Investment to Singapore fintechs in Q2 down 55% from Q1
Blockchain & Crypto firms snagged the lion's share of deals, but enthusiasm may wane amidst new regulations.
Bank of East Asia joins the Partnership for Carbon Accounting Financials
BEA is required to disclose data publicly on financed emissions within the next three years.
DBS Hong Kong unveils new eco-friendly casual uniform for branch staff
The polyester used is partly made from recycled plastic bottles.
Indonesia’s LINE Bank launch two new digital loans
The loans feature flexible repayment options.
South Korean banks to further ease lending in Q3: report
Household loan growth has slowed as borrowing costs rose, according to Yonhap.
Banks in South Korea are expected to further ease lending in the third quarter, even as credit risks are expected to rise, reports Yonhap, based on a survey conducted by the Bank of Korea (BOK).
An index gauging banks’ attitude toward home-backed loans and unsecured household lending stood at 14 and 19, respectively, for the July-September period, according to the findings of a poll of officials handling credit affairs at financial institutions (FIs)—which include 18 banks.
A reading above zero means the number of lenders that will ease lending surpasses that of banks planning to tighten lending criteria.
Prosperity REIT enters first sustainability-linked interest rate swap with DBS Hong Kong
The REIT secured a five-year HK$800m sustainability linked term loan with the bank in 2021.
India crackdown on non-bank lending to hit fintech investments
Deal activity in Q2 was 25% lower than the previous quarter.
Chinese depositors call to release savings from frozen assets of 6 rural banks: report
The head of these banks' parent company is on the run and wanted for financial crime.
South Korea regulator calls for banks to intensify loan assessment: report
Fast-rising interest rates are expected to hit borrowers’ capacity to repay loans.
Singapore’s credit, charge card payment market to grow 6.5% through 2025
The value of debit card payments will grow by 7.2% in 2022.
Chart of the Week: APAC investment bank fees down 9% in H1
ECM fees fell 42% after a record-setting 2021.
Dah Sing Bank partners with Japan’s Norinchukin to promote Japanese food, agri products
Dah Sing’s board has also appointed Junji Mori and Yuichi Tashita of Norinchukin as managers.
MUFG sells shares in Hong Kong’s Dah Sing Bank
MUFG’s predecessor Sanwa Bank had bought 13% of DSFH shares in 2000.
DBS Hong Kong launch Green Mortgage
Customers can earn cash rebates of up to 0.1% upon successful application.
Public Bank raises lending rate, fixed deposit rate by 0.25%
This follows after the local regulator raised its policy rate by 25 basis points.
OCBC, Standard Chartered complete 30-year SORA OIS trade
The 30-year SORA OIS trade was the first transaction cleared by LCH.
Weekly Global News Wrap: Ex-Goldman SEA chairman’s sentencing for 1MDB fiasco delayed; Crypto trader Voyager goes bust
And Credit Suisse names new head of private banking in Switzerland.
Commentary
The Asian connection: China's path to sustainable growth