Frances Gagua

Empowering green growth through sustainable finance in Bangladesh

Sustainable finance is emerging as a powerful tool to promote green growth in Bangladesh.

Korean banks began compensating investors for HK ELS-linked losses

Shinhan Bank and Hana Bank have begun compensating customers.

Vietnam’s HDBank eyes 30% dividend in 2024

Total assets are reportedly set to exceed $28b this year.

APAC ex Japan investment banking fees in Q1 falls to lowest level in 8 years

Equity capital market fees were halved, whilst debt capital market fees were static.

Hong Kong’s ZA Bank kicks off dedicated banking services for stablecoin issuers 

The bank has surpassed $1b in transfer turnover to Web3 clients.

Australia’s Defence Bank lending strategy buoys strong asset quality

The bank’s problem loans will remain below 0.5%, says Moody’s.

StanChart’s SC Ventures and NEXT176 unveil Shariah-compliant wealth platform

It will merge SC Ventures’ Autumn with NEXT176’s 22seven into one new platform.

Weekly Global News Wrap: Nomura eyes $10b US credit portfolio in 10 years; UBS CEO earned $15.9m

And JPMorgan Chase revamps investment banking and capital markets leadership.

POS terminals, e-commerce drive up card usage in Australia

Value added benefits like rewards points and discounts have made cards attractive.

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.