Frances Gagua
DBS, OCBC slated for Q4 net profit growth
DBS, OCBC slated for Q4 net profit growth
Wealth management contribution will be higher than 2023 but lower from Q3.
Deutsche Bank, Yonyou ink MOU to enhance treasury management services
They aim to support the globalization strategies of Chinese enterprises.
Techcombank records 19.5% higher net profit of $851.96m for 2024
Fees and commission income fell, but interest income rose.
StanChart unveils cross-currency transactional FX solutions suite
It offers FX payment services across 130 currencies in over 40 markets.
Primer, dtcpay team up to expand stablecoin payments in SEA
Payment options include credit and debit cards, Apple Pay, and Google Pay.
Malaysia unveils centralized dispute centre for financial matters
The central bank has also raised the monetary limit for eligible disputes to MYR250,000.
Taiwan’s credit card balances up 0.88% in Nov 2024
Monthly write-offs rose whilst the amount of undue balance fell.
Deposits in China rise 6.4% from households, NBFI deposits
RMB deposits rose over 2 trillion dollars from households and NBFIs.
Loans in China rise 7.2% in Dec 2024
Outstanding renminbi loans grew, but foreign currency loans dropped.
Vietnam meets with SoKor to diversify investment from state FX reserves
The central bank is also looking to strengthen its asset management capacity.
Fusion Bank, WeBank ink commercial cooperation agreement
Fusion Bank can utilise WeBank’s digital banking tech.
Airwallex expands to Brazil, Mexico
It finalized the acquisition of MexPago and obtained a license in Brazil.
BCA, Bank Syariah Indonesia on track for double-digit profit growth
Indonesian banks are in-line to deliver profit growth.
Employment, not prices, to weigh on Hong Kong banks’ loans
Banks will face ‘minor but manageable’ pressure on such portfolios.
Japan’s SMBC launches new finance scheme for semiconductor industry
SMBC will structure loans based on valuations made by two firms.
Overseas Filipinos’ personal remittances up 3.5% in Nov 2024
Cumulative remittances are on track to rise by 3% for 2024.
MUFG execs take pay cut after safe deposit box incident
The bank is also strengthening its safe deposit box checks and procedures.
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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