Frances Gagua

India’s Muthoot Financial retains stable asset quality, moderate profits

Credit costs have also been at a low 0.1% to 0.2% since March 2019.

Mastercard unveils new Data & Services hub in Malaysia

The company’s D&S experts work with nearly 4,000 clients over 120 countries.

OCBC hits record net profit, declares S$1.68 EPS for Q1

Net profit of S$1.88b is 39% higher than in Q1 2022.

GXS Bank launches brand in Singapore with GXS FlexiLoan, campaign

GXS collaborated with three local artists to create the key visuals for the campaign. 

1 in 5 of OCBC’s home, renovation, and car loans now green

The Singapore bank has extended over S$3.5b of green loans in two years and targets a 10% growth in 2023.

Korea, Indonesia central banks ink MOU for bilateral trade: report

It reduces companies’ exposure to exchange rate risks.

South Korea daily FX turnover hit all-time high in Q1

Increased demand for cross-border transactions of securities drove the growth.

Dah Sing Bank raises deposit rate and prime rate

The deposit rate is now 0.75% per annum.

Hang Seng Bank warns of fraudulent facebook account

The bank said that it will never ask customers to give their personal information through embedded links.

Amanda Lee named APAC head of third party manager solutions for Citi

All of Citi’s mutual fund sales team members in the region report to her.

Improved mortgages to support ANZ’s earnings over the next two years

Net interest margin improved 7bps in the six months ending 31 March 2023.

Australia’s Macquarie Bank’s earnings to rise by retail banking business: S&P

The bank’s parent company will also enjoy income growth from outside Australia.

PH banks missing out on revenue from growing middle class market

Over 7 in 10 loans made by banks are extended to corporates– leaving 15 million SMEs and self-employed workers with little access to traditional finance.

Public Bank raises interest rates by 0.25%

Its standardised base rate will now be 3%, whilst base lending rate is 6.72%.

Fuelling the future of finance with data streams

Traditional institutions need to utilise constant, real-time data flow that generates insights on the fly.