Frances Gagua
Siam Commercial Bank inks MOU with Thailand Privilege Card
Siam Commercial Bank inks MOU with Thailand Privilege Card
It will provide financing and investment services to card members.
SMEs, crypto regulations key to Bahrain’s fintech ambitions
Stablecoins and crypto payments are areas of interest for the central bank.
South Korea tightens liquidity rules as market improves
The banking sector’s liquidity coverage ratio will be rolled back to 100% in 2025.
Philippine bank loans up 10.6% in October
Consumer loans grew by 23.6% in the same month.
MUFG Bank to acquire robo-advisor WealthNavi for $662m
The bank is offering 1,950 yen per share.
MUFG Bank sells 25% stake in Home Credit PH for JPY26.5b
Security Bank, which is 20% MUFG-owned, is buying the HCPH stake.
Malaysia logs 5.1% non-bank sector credit growth in October
Business loans and corporate bonds boosted credit for the month.
Hong Kong total deposits up 5.8% YTD in October
Hong Kong dollar deposits grew, but renminbi remittances fell.
CIMB Group’s profit rise 12.57% in 9M 2024; EPS is MYR18.98 for Q3
The group expects its net interest margin to normalise and see some pressure in Q4.
Mastercard, ADB promote financial inclusion in APAC MSMEs
Mastercard’s fund is allotting $5m to the ADB.
Thailand’s banking system loans contract 2% in Q3
Loans to petrochemical, electronic, and automotive sectors fell.
Three Indian banks penalized for lending violations
Two banks sanctioned loans to its directors, the RBI stated in separate notices.
GCash eyes 2025 IPO, looking to raise up to $1.5b
If successful, this is slated to be the biggest IPO in the Philippines.
Siam Commercial Bank offers 0% interest solar panel installation packages
The package includes solar panels, inverter equipment, and installation.
HSBC Hong Kong’s real estate risks to persist through 2025
The bank should see good profitability, strong capitalization, and adequate liquidity, however.
Siam Commercial Bank, Praram 9 Hospital to develop ESG-aligned financial products
Praram 9 Hospital is the first private hospital to join the Sustainability Deposit initiative.
Singapore banks well-positioned to manage challenges: MAS
The banking system has strong capital and liquidity buffers, the central bank said.