Frances Gagua
Maybank Singapore merchant terminals now accept JCB cards
Maybank Singapore merchant terminals now accept JCB cards
JCB cards have over 156 million cardmembers worldwide.
Mizuho invests $145m into Credit Saison India
CS India has 1.2 million active loans and assets under management of $1.2b.
Siam Commercial Bank’s Mae Manee app to undergo maintenance
It will be unavailable in the early hours of 23 February and 24 February.
HDFC Bank unveils business credit cards with 55-days interest free
The cards offer up to ten times rewards points on business spends.
CBA credit losses to remain low over next two years: S&P
Share buyback will shave off reserves, but CBA should be able to remain above capital requirements.
Bank Mandiri’s loan quality improved moderately in 2023: Moody’s
Share of impaired loans were “modestly lower” compared to 2022.
DBS China secures license to underwrite debt of non-financial companies
Non-financial firms can now work with DBS to enter the world’s second largest bond market.
Malaysia’s Islamic banks continues to fly high in 2024: Fitch
Malaysia’s Islamic banking market is the third largest globally.
Thai broker KKPS, Nasdaq ink deal for banking and brokerage risk platform
KKPS is expected to benefit from a rapid onboarding process.
Norinchukin Bank agrees to invest in food and agri startup fund
The bank will also support growth of food and agri startup companies.
China’s new bank loans hit record high in January: report
Officials are also rolling out more measures to support the economy.
Weekly Global News Wrap: US banks collect lower overdraft fees; Citi asked to improve internal oversight
And investment to hedge funds hit a new low, according to Goldman Sachs.
India’s private banks’ NIMs contract 32 basis points in Oct-Dec 2023
Growth in unsecured loans is expected to slow, which will impact credit growth and NIMs.
Mizuho Financial Group plans to inject $5.7m to trust banking arm
This is so that MTBC can acquire over 600,000 shares of Mizuho.
Mizuho names new president and CEO for trust banking arm
Kenichi Sasada was head of the asset management division and real estate unit.
Chart of the Week: Indian banks’ credit exposure to NBFCs slows in Dec
However, the growth trajectory is still higher compared to a couple of years ago, data showed.
Thai banks brace for a rise in loan defaults in 2024: analyst
The sector grapples with elevated costs and weak loans, S&P said.
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