Frances Gagua

Australia, New Zealand’s banks face higher costs, weaker profits in H2 2023

Overall performance will be broadly similar to 2022, according to S&P Global Ratings

Bank of Ayudhya’s profitability recovers to pre-pandemic levels

Bad loans are expected to stay at a ratio of 3% over the next 12 to 18 years.

End-to-end redesign, customer satisfaction key trends for Thailand’s banking leaders

Industry leaders and experts from 29 different organisations gathered for the Asian Banking & Finance Bangkok forum held at JW Marriott Bangkok on 4 April.

Hong Kong new-to-credit market tread path to recovery

The city reported 127,000 NTC customers in 2021.

BPI launches refreshed mobile app

New clients can open an account within five minutes with just one valid ID.

MAS did not direct banks to 'avoid discussing origins of wealth inflows': PBIG

PBIG said that the sources of wealth inflows into Singapore “remain diversified.”

Standard Chartered, IFC ink $700m investment to boost global trade

Since 2009, the programme has supported over $20.5b worth of transactions.

Japan Post Bank maintains strong liquidity in 2023, but profits still weak: Moody’s

Diversifying its bond portfolio will improve profits but exposes it to more risk.

MUFG halfway to its 2030 sustainable finance target

The bank has funded JPY19.4t as of 2022, over halfway to its JPY35t target by 2030.

CIMB on track to realise sustainability goals

The bank doubled its sustainable finance target after achieving the initial target in 2022.

Singapore ready to provide liquidity to keep financial system stable: MAS

Minister Shanmugaratnam assured that the central bank conducts annual stress tests.

OCBC NISP allocates $87.5m of 2022 net profits as cash dividend

The bank’s annual general meeting of shareholders saw changes made to its board of directors.

Filipinos spent over 4 million hours using e-wallets in 2022: study

The country’s growing population will push the active user base higher.