Frances Gagua
Kotak Mahindra Bank set for growth as RBI lifts restrictions
Kotak Mahindra Bank set for growth as RBI lifts restrictions
The Indian bank is allowed to onboard new customers and issue new credit cards.
HSBC’s profits rise in FY2024; total dividend is $0.87
The fourth interim dividend is $0.36 per share.
Mizuho Bank, GenZero ink MOU for transition credit-use
They aim to develop capital raising mechanisms that use the credits.
Endowus launches US dollar time deposit service in Hong Kong
Minimum service is US$10,000, and rates are updated daily.
BoCom to prioritize risk control, moderate loan book growth: S&P
Its loan book is projected to grow slower in 2024-2026.
MariBank launches new investment offering
The Mari Invest Income offers zero transaction fees with S$1 minimum investment.
Romance scams expose banks to reputational risks, fines: Moody’s
Romance scam-linked entities rose to a six-year high in 2024.
Hang Seng Bank profits up 3% to HK$18.38b in 2024
Earnings per share is HK$9.33; whilst total dividend is HK$6.8.
Thai banks’ lending dip 0.4% in Q4 2024
Central bank says there is need to monitor SMEs and households’ ability to repay debt
PH central bank unveil council for strengthening cyber resilience
The council will implement the BSP’s Financial Services Cyber Resilience Plan.
Sumitomo Mitsui unveil Grantee Introduction Services
Customers will be connected to entities and institutions that support education.
HSBC sells Bahrain retail banking business
It expects to complete the transaction in Q4 2025.
Singapore’s business support measures to sustain banks’ asset quality
Wealth management income will benefit from stock exchange-related incentives.
Southeast Asian countries' credit growth diverges
Thailand has been hit with weak economic growth, whilst
ABS warns of rise in card phishing scams
Banks will roll out additional verification, the ABS said.
Westpac cuts home loan, deposit interest rate by 0.25%
Westpac Life and Westpac eSaver rates are affected.
DBS names new group heads of corporate & SME arm, operations
Chen Ze Ling and Welson Jamin will take over the roles, respectively.
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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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Cards & Payments
Compliance and legacy systems stall B2B payment shift
Retail drives digital payments as B2B adoption lags.
Commentary
The Asian connection: China's path to sustainable growth