Frances Gagua
Siam Commercial Bank joins the Equator Principles Association
Siam Commercial Bank joins the Equator Principles Association
SCB joins 128 financial institutions from around the world who are also signatories.
SEA banks' more crypto exposure could hit earnings in the long run: Fitch
Banks looking to dab in crypto face operational, reputational, and legal risks.
South Korean banks’ mortgage rates hit highest level in seven years: report
The loan rate averaged 3.63% in December, 0.12 ppt higher than a month earlier.
Maybank appoints Dato’ Khairussaleh Ramli as group president and CEO
He rejoins Maybank from RHB, where he served as group managing director.
DBS appoints Helge Muenkel as chief sustainability officer
Muenkel was ING’s head of APAC for sustainable finance and GCM.
DBS acquires Citi’s Taiwan consumer banking business
DBS will pay Citi in cash for the net assets plus a premium of S$956m.
Maybank SG new banking app enables online SME current account opening
The new Maybank2u SG (Lite) app offers e-angbao gifting and other money management features.
UOB injects $316m in capital to China subsidiary
Capital will be used to develop cross-border services and push sustainability strategy.
Indonesia launches real-time payments infrastructure BI-FAST
Twenty banks are already live and have access to 24/7 real-time credit transfers.
Merger of Philippine banks Landbank, UCPB to take effect on March
All accounts under UCPB will be transferred under Landbank.
South Korea completes first phase of digital currency feasibility test
The second phase of the test will be carried out until 22 June.
Indonesia prohibits financial institutions from trading crypto
OJK clarified that supervision of crypto is under Babbepti and the Ministry of Trade.
Chart of the Week: Vietnam’s card payments market to grow 24.1% in 2022
Strong anti-COVID measures allowed the market to reduce the pandemic’s impact.
Recent rate cuts to shave off $7.2b from Chinese banks’ net interest income
The impact on mortgage loans will not be felt until January 2023.
Bad loans of Philippine alternative lenders to decrease in 2022: study
The rate of their bad loans has hovered around 10% to 10.5%.
ING appoints ex-Westpac senior director as head of real estate finance in Australia
Darren Beatty has worked for the institutional banking teams of Westpac and CBA.
Talent crunch threatens Hong Kong’s financial sector as expats flee: report
Inconveniences in overseas travelling may reportedly turn away much-needed talent.
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