Frances Gagua
OCBC appoints Lim Khiang Tong as new Group Chief Operating Officer
OCBC appoints Lim Khiang Tong as new Group Chief Operating Officer
He will lead the bank’s use of technology, data, and design to develop financial solutions.
Baiduri Bank’s margins likely tepid in 2021, but with profits satisfactory: S&P
The bank is expected to see moderate credit growth and satisfactory profits.
Philippines’ Security Bank celebrates 70th year anniversary
The bank has launched the “Better Banking” brand campaign to complement this.
Standard Chartered unveils supply chain tool for monitoring sustainability, resilience
Companies will be able to do a health check of their operations.
Growing exodus of junior bankers poses talent shortage for banks in Asia: report
Even raises of up to 30% has failed to stop junior investment bankers from leaving.
UOB renames YOLO credit card to UOB EVOL card
Targeting Gen Z customers, the card offers 8% cashback on online purchases.
Citi APAC appoints former EY partner to head Spring by Citi
Lloyd will be responsible for leading the bank’s newest TTS digital payment solution.
Singapore's MAS reprimands AIA FA, Prudential, Aviva FA & CEO for breach of rules
They failed to properly monitor individuals onboarded as advisors, directors.
Bank of Singapore appoints Paul Chua as global head of wealth planning
Chua spent 18 years with UBS Wealth Management prior to his new role.
Chart of the Week: South Korean card payments to grow 4.9% through 2024
Average frequency of use is 136.2 times in 2020, higher than in France, US, and UK.
Public Bank reassures COVID-hit loan customers it will continue to offer support
The bank has assisted over 160,000 customers affected by the pandemic.
Taiwanese bills finance companies to be unaffected by recent COVID surge: Fitch
The country’s economic resilience has eased BFCs’ operational pressures.
Hana Financial clinches prelim nod to set up asset manager in Singapore
The group said that its entry in Singapore is a springboard to expanding globally.
Hong Kong bankers to retain right to access corporate registry: report
A new government rule plans to tighten public access to company director’s personal info.
Standard Chartered grants first green banker’s guarantee in ASEAN
ENGIE is building an underground district cooling system for Singapore.
South Korea’s Hana Bank floats $600m in ESG bonds: report
It carries an annual interest rate of 1.25%.
Hong Kong’s consumer credit demand rebounds in Q1
Mortgages and credit card demand rose, whilst unsecured credit hit a historical low.
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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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Compliance and legacy systems stall B2B payment shift
Retail drives digital payments as B2B adoption lags.
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The Asian connection: China's path to sustainable growth