Frances Gagua
UOB posts record net profit of S$1.6b in Q1
UOB posts record net profit of S$1.6b in Q1
Core operating profit was also 60% higher at S$2.1b.
Vietnam’s Techcombank sees net profits slide 17.1% in Q1
Net interest income fell, but net fee income rose.
Mastercard to remove first-use PVC plastics from payment cards by 2028
It will instead use recycled or bio-sourced plastics, the payments company said.
How will China’s new rules on asset classification affect banks?
The new measures expand on classifying asset risks of banks.
HSBC Singapore, MSIG enter 15-year bancassurance partnership
MSIG will distribute commercial and personal insurance solutions to HSBC’s SG customers.
Citi names Vikram Singh as CEO of Malaysia franchise
He reports directly to South Asia and ASEAN head Amol Gupte.
Citi’s institutional, corporate banking arm in Asia sees 14% higher revenue in Q1
The Institutional Clients Group’s net income for Asia went up 31% compared to Q1 2022.
India’s Yes Bank records 45% net profit drop: report
Net profit fell much lower than anticipated by analysts.
Steady margins will push Daegu Bank to stable profits in 2023
The bank’s dividend payouts will remain at current levels of 40% to 50%, Moody’s reported.
Japan’s Chiba bank to maintain above domestic average profitability
The bank will maintain strong loan quality and liquidity, Moody’s said.
MAS unveils Finance for Net Zero Action Plan
The new net zero plan has expanded to include transition finance.
Weekly Global News Wrap: UBS to retain only few Credit Suisse senior bankers; open banking to increase liquidity risk
And the UK must make it easier for banking staff to work remotely, says industry body.
Chinese banks' bad loans to hit $95b in 2024
Stress from property sector continues to weigh.
Digital finance platform Funding Societies has disbursed $3b of funding to SMEs
The company offers lending, payments, and collections services.
BNP Paribas launching wealth management business in Thailand: report
It will use the bank’s platform in Singapore.
Alternative payments account for 43.3% of e-commerce purchases in Hong Kong
Over 90% of Hong Kong consumers have shopped online over the past 6 months.
MAS chief Ravi Menon set to step down in 2023: report
Chia Der Jiun is tipped to be the next managing director of Singapore’s central bank.
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