Frances Gagua
Double digit profit, loan growth in the horizon for Indonesia’s BCA
Double digit profit, loan growth in the horizon for Indonesia’s BCA
Net profit will rise by 21% year-on-year.
MAS in process of tracing funds, assets related to $1b money laundering case
MAS says it has been in touch with FIs where the potentially tainted funds.
Bangkok Bank clinches license to offer custody services in Vietnam
Services include receipt-delivery, settlement, and clearing, amongst others.
MUFG closes $50m Islamic green trade finance facility for Sime Darby Motors
Proceeds will be used for working capital needs related to EVs.
Hang Seng Bank warns of phishing emails, fake website
The bank reminded customers that it will never ask them to log in through embedded links.
RCBC net profit up 1.38% to $109.55m in H1
Earnings per share is PHP5.63 for the period.
Carbon offset purchases to be a $100b market by 2030
Financial institutions will play a large role in enabling carbon credit financing and carbon offset purchases, says Deloitte.
Nine in 10 affluent SG investors are wealthier than a year ago: study
One in 2 believe that now is the prime time for long-term wealth creation.
Hong Leong Asia net profits down 27% to S$30.8m in H1
Weaker RMB to SGD exchange rates weighed on revenue.
DBS completes integration of Citi Taiwan consumer business
Almost 3,000 Citi employees are now part of DBS Taiwan.
Weekly Global News Wrap: China floats $1.3m asset minimum for hedge fund industry; US levels banks with $549m in penalties
And the Netherlands’ Rabobank sees profits double in H1.
Citi names Gunjan Kalra as APAC head of Citi Commercial Bank
Kalra has been APAC head of corporate sales and solutions since 2021.
Syfe launches Syfe Income+ product in Hong Kong, target 6% to 8.6% payouts
The digital investment platform held a seminar alongside the product’s launch.
OCBC offers digital invoice financing to SMEs
Over 55,000 SMEs are registered in InvoiceNow.
DBS chief Piyush Gupta sells 100,000 shares, nets S$3.42m
Of these, 91,900 were sold at S$34.2253.
Hang Seng Bank opens two new cross-boundary wealth management centres
One is in Shenzhen and the other is in Tsim Sha Tsui.
OCBC prices S$550m perpetual capital securities at 4.5%
OCBC served as the sole lead manager and bookrunner for this issue.
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