Retail Banking

How Banks Can Accelerate Financial Inclusion in Southeast Asia

Thanks to the pandemic, the uncertainty of the world economy has been especially devastating  for those living on the poverty threshold and struggling...

How Banks Can Accelerate Financial Inclusion in Southeast Asia

Thanks to the pandemic, the uncertainty of the world economy has been especially devastating  for those living on the poverty threshold and struggling...

South Korean banks’ NIMs to support stable profitability in H2

South Koran banks’ rising net interest margins or NIM should support its profitability in the second half of 2022, reports Fitch Ratings.

Prioritising customer-centric initiatives amidst digitalisation

Through its remarkable services, Bank SinoPac continues to provide a comprehensive financial ecosystem for its customers.

Mizuho Bank charged $6.75b negative interest rate by BOJ

This is the first time in 7 months that a megabank was charged.

Recovering business activity props up Thai banks’ revenues 

Credit costs will remain elevated in the long-term, however.

Salaries soar as Hong Kong banks engage in poaching war to hire & retain talent

HSBC saw its headcount fall to 20,500 in just two years as part of its restructuring.

India’s Yes Bank improves credit profile following $1.1b equity capital raise

The billion dollar capital raising will strengthen resilience against asset quality risks.

APAC banks credit losses surge to $865m by 2023: S&P

Credit losses will surpass $400b for 2022 and 2023, respectively.

Citi unveils Sustainable Time Deposit solution in APAC

It will fund environmental and social projects such as water and sanitation infrastructure.

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.

Thailand plays catch up with global green finance goals

Banks are calling for legislators to impose carbon tax and a common taxonomy of goals.

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.

DBS names Lim Chu Chong as president director of DBS Indonesia

Lim is currently the COO of DBS’ Institutional Banking Group.