Managers of Wealth Asia Pacific

Woori joins race to attract Citibank customer loan transfers

The credit line for the product is 300 million won per customer, according to Woori Bank.

NAB: Worker Shortages Spur Entry to Vietnam, India

NAB has acquired a Vietnam operation, buying out partner Positive Thinking for the Ho Chi Minh City technology center, and it is setting up Indian operations, the report said.

AMP Bank implements new verification and valuation technologies to streamline lending

Banking

Commercial Bank closes $750m Asian syndicated term loan facility

Commercial Bank is executing well on its strategic plan which is recognised by the market

Citi Completes Sale Of Australian Consumer Business To National Australia Bank

NAB was selected following an auction process to acquire Citi's Consumer Business, which includes credit cards, loans, retail banking, mortgages and wealth management solutions for high net worth individuals.

CBA offers eligible home loan customers free internet for three years

CBA and its partner More are offering conditionally pre-approved home loan customers access to a free nbn plan for three years, saving them over $2,700.

Deutsche Bank to install cash machines at PT Toyota Astra Financial Services branches in Indonesia

Deutsche Bank will implement cash deposit machines at TAF branches in Indonesia, which transmit real-time payment data to TAF, streamlining the highly manual collection process and improving cash flow forecasting.

China In-Focus: Beijing asks state-owned policy banks for $120bn for infrastructure projects

China will take the needed measures to prevent domestic firms from being blacklisted in the US.

MUFG to open first Japanese bank branch in Indian fintech zone

Lender looks to provide low-cost dollar financing from Gujarat site

Westpac to build new institutional banking platform

Leveraging 10x Banking’s latest contemporary and cloud-native core technology, Westpac’s institutional clients will benefit from a new market-leading digital experience

CBA’s Comyn seeks to fend off ‘attackers’ with digital loan push

CBA, seen as a technology leader in banking, on Tuesday laid out its strategy for maintaining its powerful position as the country’s biggest and most profitable financial institution in the face of growing competition from technology-based rivals.

Commonwealth Bank makes raft of new appointments

"These promotions speak to the incredible strength, talent and expertise of our team, and our continued and unwavering commitment to developing our people to become future leaders."

Japan’s Two Largest Banks Add Billion-Dollar Russia-Linked Provision

The Russia-Ukraine conflict and the subsequent Western sanctions continue to be a headline issue for global banks.

CBA reports third quarter cash profits of $2.4 billion as the economic momentum remains strong

Disciplined execution on the Group’s strategy including continued growth across CommBank’s core banking businesses and sound credit quality underpinned the latest quarterly performance.

CBA interest rate decision

CBA responds to the Reserve Bank of Australia’s cash rate decision

DBS Group - First-quarter net profit at SGD 1.80 billion

The Board declared a dividend of SGD 36 cents per share for the first quarter.

Retail investors in Singapore can now invest in new DBS CIO Barbell Income Fund

With just SGD1,000, retail investors can buy into a ready-made and professionally managed portfolio

RCBC reaps back-to-back International Awards in Q1 2022

The Global Business Review Magazine Awards studies companies from different sectors from banking, finance, insurance, real estate, leadership, and technology.

UOB: Citi Acquisition to Boost Unsecured Loans

In February, UOB reported 2021 net profit of S$4.08 billion ($2.99 billion), up 40 percent from 2020.

The Banker names BDO Bank of the Year in Philippines

The latest Bank of the Year in the Philippines Award is BDO’s fourth from The Banker, having received the same accolade in 2013, 2017 and 2019.

Retail Banking