Frances Gagua
PwC loses Bank of China as client: report
Bank of China plans to appoint EY as its auditor for 2024.
Krungthai Card to miss loan growth target for 2024
It should be able to maintain its NPL ratio below 2% for the whole year.
Chinese banks’ Q2 earnings subdued as balance sheet growth decelerates
But NIM and asset quality pressures are improving.
Indian banks’ net interest margin decline as deposit costs rise
Deposit costs rose by up to 90 basis points for some banks.
Demand for cross-border payments rises as int’l payments scale
The share of people using int’l real-time payments is rising.
Top banks’ market cap up 5.4% in Q2
China’s big four banks saw growth although NIMs fell.
‘Deteriorating’ property market leads to 1% drop in Fubon Bank’s H1 net profit
Total impairment losses amounted to HK$279m.
StanChart beefs up leadership of trade and transaction banking teams
SC appointed new banking heads based in Singapore and Germany.
MUFG to support info and comm infrastructure projects in Uzbekistan
MUFG will work with authorities to increase capacity for organising internet channels, amongst others.
Japan’s Rakuten Bank surpasses $74.75b in deposits
The bank reported over 16 million accounts as of July 2024.
Malaysia’s corporate loans grow faster in Q2
Household loans grew at the same pace as in Q1.
Siam Commercial Bank rolls out online international trade service
Transactions can be made without the need to submit original documents.
SME Bank partners with MARC to support Malaysian SME growth
They will combine their expertise in data and business coaching.
Indian bankers optimistic for loan demand: survey
Except for mining and quarrying, demand is expected to hold up through September.
South Korea mulls easing “network separation” rules on financial companies
It has formed a sandbox program to allow FIs to explore the use of gen AI.
PH central bank pushes for digital wage payments
PH central bank pushes for digital wage payments
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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