Retail Banking
CIMB’s Q1 profit escalates 18% YoY
Thanks to a solid operating income performance and maintained costs.
CIMB’s Q1 profit escalates 18% YoY
Thanks to a solid operating income performance and maintained costs.
Singapore expands scope of guidelines on fair dealing
It now covers all financial institutions and all the products and services offered.
Maybank sets new crude palm oil, power emissions targets by 2030
In 2023, CPO production and power emissions are well below reference scenarios.
India’s commercial banks’ non-performing assets shrank in 2023
Credit costs have declined, with public sector banks holding “substantial buffers”.
Siam Commercial Bank shares crisis lessons from pandemic
The bank’s early investment in tech helped it grow its digital customer base to 17 million.
Philippines’ Remolona warns of oil prices, interest rates as financial stability risks
The financial stability council also warned of geopolitical risks.
GoTyme Bank launches multi-currency time deposit with $1 minimum
The Philippine-based digital bank promises interest rates between 3% to 3.5%.
Top banks’ assets expanded 5.1% in 2023
HSBC is a top performer, whilst China Merchant’s Bank saw fees decline.
SMBC’s US digital lender Jenius Bank hits $1b in savings deposits
It will roll out a mobile app in the coming months.
Bank of Queensland’s tech bet leaves operating performance to chance
The bank may achieve savings— or leave its operating performance structurally weaker.
Korea’s USD deposits decline in April amidst weakening won
Companies reportedly withdrew part of their US dollar deposits.
Japanese banks’ total assets total $9.12b in March
Deposits in domestic branches were at $6.32t as of end March 2024.
APAC’s top bankers sound alarm over impact of rising living costs
CEOs are optimistic yet cautious, but tout banks’ resilience.
Australian banks’ dividends to stay flat amidst cash earning pressures
The higher payouts in H1 were to establish shareholders’ confidence, S&P said.
Maybank’s net income up 9.8% to RM2.49b in Q1
Non-interest income jumped 79.2% and lifted operating income for the quarter.
UOB poised to benefit from growth of SEA's mass affluent segment
UOB has woven partnerships with privilege banking to appeal to the segment.
Norinchukin Bank’s profits up 24% to $405.7m for FY2023
Net gains from sales of securities jumped over 800% over the period.