Retail Banking
China state-owned banks to post ‘sharp’ revenue decline: report
Banks are battling lower lending rates, ongoing property woes, and low interest margin.
China state-owned banks to post ‘sharp’ revenue decline: report
Banks are battling lower lending rates, ongoing property woes, and low interest margin.
Jeonbuk Bank profits to weaken from real estate lending woes
Asset quality and profitability will weaken through 2024, Moody’s said.
KEB Hana Bank’s profits stable in 2023, but NIM to decline
It has improved its cost-to-income ratio and loan portfolio over the years.
Over six out of 10 consumers trust established banks for insurance plans
Only 40% trust digital-only insurers.
RBI approves appointment of Axis Bank new executive director
The approval covers a period of three years beginning 17 August.
Double digit profit, loan growth in the horizon for Indonesia’s BCA
Net profit will rise by 21% year-on-year.
RCBC net profit up 1.38% to $109.55m in H1
Earnings per share is PHP5.63 for the period.
Hiring freeze felt as HK banks focus on talent development
Many senior roles in banking get cut, but relationship managers, private bankers, and tech roles remain sought after.
Vietnam’s HDBank registers $232.4m in profits for first semester
It also finished adopting Basel III standards.
HSBC names UBS banker as new head of global private banking for SA
Tommy Leung will take over the role on 19 October.
India assures banks it’s ready to manage outflow of Russian funds: report
Russian companies have accumulated billions of rupees in local banks.
Mizuho Financial Group reports $1.71b in profits for Q1 FY2023
Net income per share of common stock is JPY96.75 for the quarter.
Standard Chartered Asia's income up 23% in H1
11 Asian markets registered record incomes.
Ardshinbank clinches top honour as the Domestic Retail Bank of the Year - Armenia
Their exceptional growth and customer-centric approach secure the prestigious ABF Retail Banking Award.
UOB net profit up 53% in H1; 85 cents interim dividend announced
Net profit was S$1.4b in Q2 when including the one-off Citigroup integration expenses.
StashAway, family office firm to offer clients with more investment options
ACP clients can invest in private equity managers such as KKR, SilverLake, and Khosla Ventures.
Weekly Global News Wrap: UBS shoulders US$388m payment over CS’s Archegos ties; UK to meet with banks on account closures
US authorities tell banks to fix inaccurate financial statements.
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CIMB Niaga leads the way in captivating Indonesia’s youth
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The bank’s digital solutions are winning over younger generations with 3.2M mobile users and 96% digital transaction rate in 2023.
The bank’s digital solutions are winning over younger generations with 3.
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