Frances Gagua
Chinese small bank M&As to ramp up: Fitch
Chinese small bank M&As to ramp up: Fitch
The lack of large banks in the mergers is to avoid contagion risks.
Malaysia, UK tout Islamic finance to bridge green funding gap
Islamic finance’s framework naturally aligns with social finance, an official said.
GoTyme Bank partners with BSP to enable coin deposits
GoTyme Bank is reportedly the first bank partner to be integrated in the CoDMs.
Taiwanese banks’ total outstanding loans at $1.25t in July
The bad loans ratio remained at the same level as in June 2024.
Krungthai Bank temporarily closes 4 branches due to floods
One branch is separately closed due to suspended electrical supply.
Hong Leong Bank may reduce China stake as investment pays off
Its group earnings edge on overreliance on the Bank of Chengdu’s contribution.
Malaysian banks' profitability stable with reduced intervention risks
Some asset quality deterioration is expected as fuel subsidies ease.
Maybank invests in MSME finance platform Funding Societies
It did not specify the amount invested.
Indian banks deposits and credit grow at the same pace
Deposits have expanded by $147.73b between January-August 2024.
Public Bank commits $229.7m financing for SMEs
Public Bank is the largest financier of SMEs in Malaysia based on market share.
Banks ‘underprepared’ for instant payments: report
Only 30% of APAC banks have a strong tech foundation for instant payments.
Westpac names Anthony Miller as CEO
Before joining Westpac, Miller was the Australia/NZ CEO of Deutsche Bank for 4 years.
Standard Chartered names new CEOs for China, Vietnam units
Standard Chartered names new CEOs for China, Vietnam units
VIB faces asset risks and capitalization strain amid rising NPLs
NPL ratio rose to 3.7% in June 2024.
JST Singapore obtains in-principle approval for an MPI license
JST Singapore said that it will continue to work towards securing its licenese.
BRI may miss micro loan growth target amidst asset quality concerns
Micro loans were down 0.9% quarter-on-quarter in Q2.
Hong Kongers seek digital channels, F2F meetings in wealth mgmt services
Nearly all use digital channels, yet nearly half still employ face-to-face meetings with advisors.