Frances Gagua
Malaysia’s credit, charge card market value grows to $50.5b in 2024
Malaysia’s credit, charge card market value grows to $50.5b in 2024
Credit and charge cards make up 60% of all card payments in the country.
OCBC completes buy of PT Commonwealth Bank Indonesia
Full integration is targeted for Q4 2024.
MAS not extending pause on DBS’ non-essential activities
DBS will still keep the 1.8x multiplier in risk weighted assets, however.
How banks should rethink pricing
It’s not just about how much customers pay but also what benefits they get.
Hang Seng Bank floats Q1 dividend of HK$1.2 per share
The payment date is set for 6 June.
HSBC’s profit dips to $12.7b in Q1; special dividend after Canada sale
A first interim dividend of $0.1 per share has been approved by the board.
Indonesian banks tout sound profitability and capitalisation
Only a fraction of restructured loans will become bad loans, Fitch said.
Depositors ‘flight to safety’ to benefit China Merchants Bank
Focus on wealth and deposits over loans has boosted its liquidity.
Japanese banks back fund to develop space industry
SMBC, MUFG, and Mizuho Bank are all named limited partners.
India changes criteria for small banks seeking to be universal banks
Net worth lowered, but must be profitable in the past two years.
Alipay+ enables 14 foreign e-wallets to pay in Hong Kong
About 90% of HK merchants now accept payments using foreign e-wallets.
PH banks maintained loan standards in Q1
An estimated 3 in 4 banks maintained credit standards for housing loans.
Indonesian banks gave out more new loans in Q1
But the number is lower than in Q4 2023 and will slow down further in Q2.
Alipay+ inks deal with Jeju tourism org for exclusive offers to foreign visitors
Foreign visitors can enjoy up to 50% discounts from ZeroPay merchants.
Thailand’s central bank appoints three new senior roles
Two deputy governors are rotating while one assistant governor is moving up.
Hong Kong SME’s funding gap at $21.7b
About 1 in 3 small businesses who need money choose not to get a loan.
South Korean banks’ loan delinquency rate rise in February
Corporate, SME, and household loans all saw their delinquency rates rise.
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He highlights the importance of cultural context, workforce mobilisation, and data-driven strategies in financial sector innovation.
