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Higher rates to raise Asian bank’s net interest margins, but risks may intensify
Asset quality will not significantly deteriorate, but banks face risks if US rate hikes are larger than expected.
Higher rates to raise Asian bank’s net interest margins, but risks may intensify
Asset quality will not significantly deteriorate, but banks face risks if US rate hikes are larger than expected.
OCBC net profit rose 7% to S$2.83b in H1
This was buoyed by higher net interest, although non-interest income fell during the period.
Weekly Global News Wrap: Depositors hit by China’s banking fiasco to be repaid; HSBC pays £1500 to staff to help with living costs
And India’s Yes Bank is selling up to a 10% stake for $1.1b.
Boom or bust? Buy now pay later flourishes but with default risks rising
Rising rates and tightening policies hurt borrowers’ repayment capacities and push up operating costs.
HSBC to meet Hong Kong retail investors after spurning break up call
This comes a day after HSBC promised higher dividends.
HSBC profit after tax rose to $9.2b in H1
The board has approved an interim dividend of $0.09 per ordinary share for the period.
Hang Seng Bank attributable profit drops 46% YoY to HK$4.7b in H1 2022
External factors such as the fifth wave of the pandemic affected the financial result.
Citi completes sale of Philippine consumer business to UnionBank
The sale includes the transfer of 1,540 staff to the Philippine bank.
Sumitomo Mitsui Financial Group posts strong Q1 profits
Profit growth was thanks to loan growth and fee income growth.
Hong Kong ‘s ZA Bank offers up to 5% Bloom Coins reward for card spend
They can use the coins to redeem NFTs, e-vouchers, amongst others.
MAS, IFSCA sign MOU to strengthen supervisory cooperation of financial services
The MOU was signed in the presence of India’s prime minister Narendra Modi.
DBS names Lim Chu Chong as president director of DBS Indonesia
Lim is currently the COO of DBS’ Institutional Banking Group.
Australia’s fintech investments down 75% in Q2
If it continues this trend, fintech investments will be down 39% in 2022.
Financial technology (companies in Australia raised $0.8b of capital during the first six months of the year, according to data gathered by Fintech Global.
JLL Hong Kong, Kai Shing Mgmt tenants can now pay via WeChat Pay HK app
Users simply need to input their e-Bill number to pay their management fees.
Exemplary financial institutions, initiatives commended at the Asian Banking & Finance Wholesale and Retail Banking Awards 2022
This year’s awards programme recognised over 150 exceptional banks and financial companies.
Dah Sing Bank temporarily closes Central, Ocean Walk Branches
Both branches will reopen on Saturday.
Dah Sing Bank temporarily closes 3 branches
Its Shatin and Sha Tsui Road branches will reopen Friday, and Fortress Hill on Monday.
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Why Philippine banks, insurers embrace hyper-personalized services
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Industry experts push for the rapid progress of unified customer data as a starting point.
Industry experts push for the rapid progress of unified customer data as a starting point.
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