Frances Gagua
South Korean banks’ bad loans sees uptick in May
South Korean banks’ bad loans sees uptick in May
The delinquency rate stood at 0.51%, 0.03ppt higher than in April.
Banks to log $82b losses in 2024: S&P
This is due to credit costs normalisation and not asset problems.
India mandates banks to issue fraud notices: report
The time allotted to respond should not be less than 21 days.
Krungsri sees FX profits rise 21% in Q1
Digital FX transactions is 64% higher year-to-date.
EXIM Thailand inks MOU to support foreign investments
The bank will give special offers, such as special interest rates, to entrepreneurs.
Bangkok Bank launches scan-to-pay shortcut
Over 68 million transactions were made using this function in May 2024.
Siam Commercial Bank names new wealth management head
He is tasked with driving SCB’s goal to be the #1 digital bank in WM.
Hong Kong Mortgage Corp names Colin Pou as new CEO
Pou, who is an executive director at HKMA, will be seconded to HKMC.
Philippine banks’ extended 10.1% more loans in May
Loans to residents rose 10.2% and consumer loans jumped 25.6%.
BNP Paribas, Ant Int’l ink MOU to enhance cross-border payments
The MOU includes the further development of Ant’s Whale platform.
Agent Banking's impact on financial inclusion in Bangladesh
Agent banking has a transformative role in bridging the financial inclusion gap in Bangladesh.
MUFG Bank China names new deputy president
Benjamin Lam brings over 30 years of experience in his new role.
H2 rate cuts likely to boost Indonesian banks’ earnings
A rate cut cycle often leads to banks’ earnings accelerating.
Taiwan credit card firms’ see lower balance in May
There were less credit cards active compared to April.
Value of loans extended to Taiwan’s SMEs rise in May
SME loans account for 65.4% of Taiwanese banks’ corporate loans.
ZA Bank unveils payroll service with limited-time coupon
With the coupon, users can earn HK$1,775 in interest for a 90-day period.
Lower costs, new lending buoy Yes Bank’s improving profits
New lending will help it meet rules, and in turn reduce operating expenses.
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The Asian connection: China's path to sustainable growth