Frances Gagua
ZA narrows net loss, sees 46% net revenue rise in H1
ZA narrows net loss, sees 46% net revenue rise in H1
Total assets and net interest margin grew during the first half of 2024.
Philippine banks anticipate loan growth, steady NPL outlook
Most foreign and large banks anticipate their NPL ratios to be below 5%.
HSBC enhances Premier offering with health protection, future planner tool
The tool will provide recommendations and access to a relationship manager.
Siam Commercial Bank teams up with Databricks for data, AI transformation
It is expected to help SCB personalise and manage AI services for its customers.
Central banks of Thailand, Vietnam hold bilateral meeting
The central bank representatives discussed banking and policy issues.
BNM proposes roadmap for transition to the Malaysia Overnight Rate
It proposed ceasing the usage of KLIBOR by 2027 and 2028.
Malaysia, Indonesia renew bilateral swap agreement.
The agreement has been extended for another 5 years.
Hong Kong rate cuts provide ‘modest’ relief to borrowers
Banks in the city still face profitability pressures, CRE-related woes.
Thai banks to reduce credit costs towards Q4: analyst
Earnings rise of 2% on average expected for Q3.
Axis Bank, Mastercard, launch credit card for business owners
Cardholders will gain access to select airport lounges and are offered travel insurance.
Citi partners with Apollo to form $25b private credit
The program will launch in North America; may expand to other markets in the future.
Typhoon debt relief to squeeze Vietnamese banks profitability
It will delay the formation of bad loans.
EFG Bank clinches three Citi bankers to bolster Hong Kong operations
Seamus Yin, Miao Miao, and Lianghan Chen all previously worked at Citi Private Bank.
South Asia, SEA have ‘greatest potential’ for fintech lending: study
South Asia’s fintechs and young population lifted its rankings.
Citi names Tokiya Kishie as head of markets for Japan
He is tasked with driving growth and leading the markets franchise in Japan.
Delinquency rate of South Korean banks at 0.47% in July
The volume of resolved loans was lower than in June.
Taiwan’s financial regulator names new director general for financial examination
Chen-chang Tong assumed his new role on 25 September 2024.
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He highlights the importance of cultural context, workforce mobilisation, and data-driven strategies in financial sector innovation.
