News

Thailand’s KBank eyes to be amongst Vietnam, Indonesia’s top banks

The bank aims to increase its international business income to 4% of its total net income.

Thailand’s KBank eyes to be amongst Vietnam, Indonesia’s top banks

The bank aims to increase its international business income to 4% of its total net income.

UOB Group posts record core net profit of $4.8b in FY22

Compared to FY21, the group’s core net profit rose 18%.

SG, India enable real-time cross-border payments

This is possible with the linkage of PayNow and India’s Unified Payments Interface.

Philippines central bank OKs use of international sim for GCash services

The beta launch will be available for 1,000 users in Japan, Australia, and Italy.

Hang Seng Bank’s profits down 27% to HK$10.16b in 2022

The bank has announced a fourth interim dividend of HK$2 per share.

Judo Bank's rapid growth to continue despite inflation, competition

Competition and higher cost of funding are likely to curtail some margin benefit, says S&P.

Banks urged to integrate ESG data into IT systems: McKinsey

Banks must apply a use-case driven approach to introduce new ESG capabilities.

Hong Kong launches consultation for virtual asset trading platforms

The SFC is seeking views on whether to allow license platform operators to serve retail investors.

Citi entices Hong Kong’s ultra-wealthy with first-ever Global Wealth Centre

The 10,000-square-foot space is staffed by senior bankers and specialists.

Korean banks' plan to boost shareholder returns won't affect profits

The regulator is expected to stop any excessive payments.

Rising mortgage prepayment trend pressures Chinese banks’ profits

Households are taking a more conservative stance on home loan leverage, noted Fitch Ratings.

BOCHK adds UBS green investment fund to mobile platform

The fund has a 6% per annum dividend distribution and allocated 20/80 in stocks and bonds.

Fintechs scale back and fold as funding channels dissipate

The high interest rate, low growth environment has made VCs and private equities more selective on where to invest

China’s reopening to boost Thai banks’ loan quality

The upsurge in tourism will spur the economy, and improve businesses’ repayment capabilities.

Taiwan’s FSC accelerates financial cybersecurity measures with new action plan

Some measures include appointing Chief Information Security Officers.