Retail Banking
Hong Kong banks should play ‘long con’ to reap 2025 growth benefits
2024 is expected to be challenging for Hong Kong banks, KPMG reports.
Hong Kong banks should play ‘long con’ to reap 2025 growth benefits
2024 is expected to be challenging for Hong Kong banks, KPMG reports.
Higher loan demand, low credit losses spell better year for PH banks
Philippines’ digital banks will continue to make losses due to weak asset quality.
Thailand’s KBank targets 5% loan growth in 2024 under ‘3+1’ strategy
The bank is scaling up its wealth advisory business to grow fee income.
SMBC’s Indonesian arm begins offering ESG deposit product
BTPN will earmark deposits made under this for financing in the ESG field.
Thailand’s KBank unlikely to meet credit cost normalisation target: analysts
Credit costs are expected to remain at a high level in 2024.
DBS, OCBC to log higher net profits, muted loan growth for Q4: analyst
DBS may hike its quarterly dividend by 6 cents to return surplus capital.
Bangkok Bank sees net profit rise 42.1% to $1.16b in 2023
Net interest income rose, but fees and service income decreased.
India’s ICICI Bank to maintain healthy earnings in the near term
Credit growth is expected to remain strong, at between 17% to 20%.
Thailand’s SCBX sees net profit rise 15.9% to $1.22b in 2023
Cost-to-income ratio decreased to 42% from 45.2% in 2022.
OCBC appoints ex-SMBC bankers as new China corporate banking head
Seth Tan brings over 27 years of experience into the role.
Thailand’s Krungsri net profit up 7.2% in 2023
Contributions from overseas businesses drove up loan growth and fee income.
Banks urged to exit low-return businesses to clinch $7t value: analysts
They must also simplify business models and embrace their “tech” identity.
MUFG aims to double asset management exposure to JPY200t by 2029
The bank has outlined growth plans to grow its AM business.
China’s big four banks saw market value growth in Q4
But capital ratios and loan-to-deposit ratios declined during the year.
SMBC, Jefferies expand investment banking collaboration to EMEA
In 2023, SMBC had raised its ownership of Jefferies to 15%.
Thailand’s Krungsri teams up with Klook to elevate position in travel market
Exclusive privileges will be offered to the bank’s customers.
Weekly Global News Wrap: Citi to cut 20,000 jobs in two years; Spain’s BBVA expects higher dividend payout
And crypto firms in UK are introducing new risk assessment and profile tests ahead of stricter regulations.