Frances Gagua
Japan’s SMBC opens a branch in India’s GIFT City
Japan’s SMBC opens a branch in India’s GIFT City
The branch is slated to open in the first half of 2024.
Average interest rates of new bank deposits in South Korea declines
Interest rates of new loans are also lower in February.
Indian banks’ profits dragged by rising costs and tightening money supply
Deposit growth and credit growth will slow, impacting banks’ margins.
GXS FlexiLoan customers have saved S$4m in interest: GXS Bank
The loan’s interest is calculated daily based on the outstanding balance the day before.
Unacash unveils installment loans in the Philippines
Customers can apply for loans up to approximately $886.
PH-based Allbank and Salmon Group unveil QR PH-enabled payment solution
It eliminates the need to input details manually for traditional payments.
UPI propels India’s mobile wallet payments to $6.5t by 2028
In February 2024, $221.5b in value was paid across 12.1 billion UPI transactions.
Postal Savings Bank of China faces ROAA decline but sustains strong fee income
Adequate provisions to buoy resilient asset quality.
Lower interest rates and property woes weigh on Bank of China’s profits
Net interest margin fell, although at a lower decline than other Chinese megabanks.
BOCHK's strong profits combats its property loan weakness
The bad loans ratio, whilst rising in 2023, is expected to fall to 0.7% in 2024-2025.
MAS eyes enhanced safeguards for elderly and non-english proficient financial clients
Authorities aim to implement enhancements no later than H2 2025.
Malaysian banks’ loan ratio at 1.6% in Feb
Loan loss coverage is at 120% of impaired loans, central bank data showed.
Chart of the Week: Singapore investment banking fees down 14% in Q1
Advisory fees from M&A transactions fell by 74% during the quarter.
BOCHK warns against phishing email
It advised customers to delete suspicious emails and attachments without opening them.
VP Bank names Will Wang as wealth head in Hong Kong
Wang is also now chief representative of the VP Bank AG Hong Kong Rep Office.
The Transformative Power of Finance for the People
At the end of the day, financial inclusion should not be a privilege, but a fundamental right.
Empathy deficit erodes customers’ trust in banks
Customers who feel valued are willing to spend more for banking products.
Thought Leadership Centre
In Association with
Most Read
1. Revolut Singapore hits first year of net profitability in 2024 2. CIMB Philippines says fund transfer issue ‘resolved’ 3. HSBC Singapore unveils wealth centre at The Star Vista mall 4. UOB inks MOU with Accenture for AI adoption and application 5. Citi names Goldman Sachs banker as head of markets solutions in Asia South & NorthResource Center
Read Here
Advertise
Sign Up
Awards
Jul
03
Jul
03
Jul
08
Event News
AI can help financial institutions’ marketing teams get the job done.
Commentary
The Asian connection: China's path to sustainable growth