Frances Gagua
Internet-only lender K-Bank’s users rise by over 2 million in Q2
Internet-only lender K-Bank’s users rise by over 2 million in Q2
As of end-June the banks said that it has over 6.19 million customers.
UOB Malaysia appoints new deputy CEO
Ng Wei Wei will retain her current role as head of wholesale banking alongside this promotion.
Goldman Sachs Japan gearing up for move to new Tokyo HQ: report
This is in line with CEO David Solomin’s commitment to return to the office.
Second wave of COVID infections impairs Indian banks’ performance through 2022
Recovery will be more subdued as households prioritize rebuilding their savings.
Grab-Singtel, iFAST apply for Malaysian digital bank license
Bank Negara Malaysia is expected to issue up to five licenses by Q1 2022.
MUFG Bank appoints new head of project finance for Asia
David Uy first joined MUFG in 2018.
Philippines’ Landbank, UCPB to merge
Post-merger, the bank will have $55.4b in combined assets, reports local media.
Security Bank CEO Sanjiv Vohra on future-proofing a bank amidst a time of upheaval
The CEO of Philippines’ first private bank post-war highlights the importance of a people-centric approach in future-proofing a bank whilst tackling a crisis.
Nomura Holdings loses 20 investment bankers in Asia: report
The resignations include their head of Greater China equity capital markets.
IFC grants $40m loan to Vietnam’s SeABank to expand SME lending
It’s the first phase of a $150m package for expanding SME lending, reducing greenhouse gas emissions.
Singapore investment banking fees up 9.3% in H1 2021
Overall announced M&A activity set the record for the highest semiannual period value-wise.
SEA banks’ asset quality visibility still cloudy amidst extended loan relief schemes
Non-performing loan ratios will likely peak only by end-2021 or 2022, when relief measures expire.
MUFG Bank inks MOU with Western Australia on renewables
The agreement also cover the sectors of energy, agribusiness, education, tourism and manufacturing.
Indonesia mulls tightening fintech, P2P regulations
New regulations may include higher capital hurdles for P2P players.
Risks for Sri Lankan banks may rise when ISB investment suspension lifts: Fitch
Even with the suspension lifted, banks will still have difficulties accessing foreign currency funding.
Security Bank’s SB Finance launches Car4Cash in the Philippines
Car owners can gain access to as much as PHP2m.
UOB invests $200m in digital innovation, aims to double wealth fee income by 2025
The bank has launched SimpleInvest, where clients can begin investing for as low as $100.
Commentary
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