Retail Banking

Growing fees, higher rates lift Sumitomo Mitsui Trust Bank’s profits

SMTH’s low-risk asset portfolio meant that profitability is weak.

Growing fees, higher rates lift Sumitomo Mitsui Trust Bank’s profits

SMTH’s low-risk asset portfolio meant that profitability is weak.

Stronger deposit base buoys HDFC Bank’s improving profits

Return on assets of 1.8% is higher than the 1.3% industry average.

DBS Hong Kong has sufficient buffers for property downsides

The bank is expected to maintain strong capitalisation and profitability.

SG’s Maribank names ex-Trust Bank exec as new CEO

Natalia Goh takes over from Zheng Yudong, who will remain an advisor.

Banks to log $82b losses in 2024: S&P

This is due to credit costs normalisation and not asset problems.

Agent Banking's impact on financial inclusion in Bangladesh

Agent banking has a transformative role in bridging the financial inclusion gap in Bangladesh.

H2 rate cuts likely to boost Indonesian banks’ earnings

A rate cut cycle often leads to banks’ earnings accelerating.

Lower costs, new lending buoy Yes Bank’s improving profits

New lending will help it meet rules, and in turn reduce operating expenses.

South Korea’s household loans up 0.5% in H1

The outstanding balance of all household loans is KRW4.4t as of June 2024.

South Korea names 10 domestic systemically important banks for 2025

They are required to log a 1% additional capital surcharge in 2025.

How GoTyme kiosks transformed grocery stores into banking hubs

The digital bank onboarded two-thirds of its 3.4 million users through supermarket kiosks.

CIMB teams up with DHL to mitigate 20% of air shipments’ carbon emissions

CIMB will roll out the programme in its Malaysia and Singapore operations.

Norinchukin’s planned foreign bond divestment will hurt profits

The bank has about $13.63b (JPY2.25) in unrealized losses.

Citi ceasing operations in Haiti

The bank said that it will voluntarily surrender its banking license.

Hong Kong banks ramped up hiring but investment bankers laid off

Trade and private bankers are most in demand, although banks are cautious.

Siam Commercial Bank kickstarts 4-year journey to revamp core banking system

It has inked a MOU with Sunline to become a full-fledged digital bank entity.