Frances Gagua
MUFG Bank to acquire robo-advisor WealthNavi for $662m
MUFG Bank to acquire robo-advisor WealthNavi for $662m
The bank is offering 1,950 yen per share.
MUFG Bank sells 25% stake in Home Credit PH for JPY26.5b
Security Bank, which is 20% MUFG-owned, is buying the HCPH stake.
Malaysia logs 5.1% non-bank sector credit growth in October
Business loans and corporate bonds boosted credit for the month.
Hong Kong total deposits up 5.8% YTD in October
Hong Kong dollar deposits grew, but renminbi remittances fell.
CIMB Group’s profit rise 12.57% in 9M 2024; EPS is MYR18.98 for Q3
The group expects its net interest margin to normalise and see some pressure in Q4.
Mastercard, ADB promote financial inclusion in APAC MSMEs
Mastercard’s fund is allotting $5m to the ADB.
Thailand’s banking system loans contract 2% in Q3
Loans to petrochemical, electronic, and automotive sectors fell.
Three Indian banks penalized for lending violations
Two banks sanctioned loans to its directors, the RBI stated in separate notices.
GCash eyes 2025 IPO, looking to raise up to $1.5b
If successful, this is slated to be the biggest IPO in the Philippines.
Siam Commercial Bank offers 0% interest solar panel installation packages
The package includes solar panels, inverter equipment, and installation.
HSBC Hong Kong’s real estate risks to persist through 2025
The bank should see good profitability, strong capitalization, and adequate liquidity, however.
Siam Commercial Bank, Praram 9 Hospital to develop ESG-aligned financial products
Praram 9 Hospital is the first private hospital to join the Sustainability Deposit initiative.
Singapore banks well-positioned to manage challenges: MAS
The banking system has strong capital and liquidity buffers, the central bank said.
SBI Funds Management names Nand Kishore as managing director and CEO
SBI Funds Management is a JV between the State Bank of India and Amundi.
DBS inks MOU to assists Japan SMEs’ Asian expansion
DBS will provide financing and professional services support.
TrustBank to launch investment solution in 2025
It has opened a waitlist.
Asia’s finance leaders put transformations on hold due to cost challenges
Cost allocation remains a key focus for finance leaders in 2024.
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