Frances Gagua
ANZ moves up incoming CEO Nuno Matos’ start date to May 12
ANZ moves up incoming CEO Nuno Matos’ start date to May 12
Matos is most recently the CEO of HSBC’s Wealth and Personal Banking.
ICBC’s risk diversification supports resilience amidst China’s slowdown
Capitalization should be sufficient despite ICBC not being included in the first round of the government’s capital injection.
China’s Big 5 banks expected to boost lending with capital support
Fee income may also recover if new stimulus policies are effective, said CreditSights.
Philippine bank loans up 12.2% in February
Consumer loans to residents rose by 24.1% during the month.
UOB to take legal action against Yang Kee Logistics’ ex-CEO
The bank called Ken Koh’s allegations baseless.
CITIC Limited logs 1.1% YoY profit rise to $8.01b in 2024
Earnings per share is RMB2.00, whilst the final dividend proposed is RMB0.36 per share.
PSBC’s capital boost strengthens funding for rural and SME financing
Low capital has constrained PSBC’s growth in its niche area of rural and inclusive finance.
BNP Paribas names Marc Camus as chief information officer
Camus will oversee the bank’s IT strategy and IT System security.
Hyundai Card leads Korea’s credit card sales with PLCC dominance and data science
It holds a 78% market share in the private label credit card sector.
Singapore’s financial sector turns to contract hiring for cost control
Hiring processes have become lengthier as employers consider cultural fit and regulatory compliance.
ZA Bank appoints Calvin Ng as CEO
Ng has been its executive director since September 2022.
Bank of East Asia names Bi Ming-qiang as chief executive of BEA China
Bi was formerly CEO, executive director, and president of China CITIC Bank International.
China Citic Bank stays resilient with lower exposure to risky sectors
The bank is less vulnerable to challenges from the property and retail banking segments.
PH central bank orders FIs to strengthen surveillance against vote buying
The Philippines will hold elections in May 2025.
Singapore places fourth for most ‘ATMs near me’ Google searches
Sri Lanka, Malaysia, Mongolia, and Hong Kong also made the list.
MoneyHero partners with BPI to expand credit card offerings
Users can compare more than 20 credit card options in MoneyHero’s platform.
Mizuho buys tech-based carbon dioxide removal credits
It has joined a joint carbon credit facility to promote and disseminate such technologies.
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He highlights the importance of cultural context, workforce mobilisation, and data-driven strategies in financial sector innovation.
