Managers of Wealth Asia Pacific

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.

Citi Sells India Retail Unit to Axis Bank

Axis Bank was reportedly the most preferred bidder for Citi’s retail unit in January followed by Indian rival Kotak Mahindra in second place.

NAB announces further on-market buy-back of up to $2.5 billion

NAB continues to operate well above APRA’s Unquestionably Strong benchmark of 10.50%

Japan banks, Grab are vying for Home Credit's US$2b assets

Some bidders have expressed interest in acquiring the entire South-east Asian and Indian portfolio, while others are interested in South-east Asia only, the people said.

ANZ combines retail and digital units

"Our intention was to always bring this work together when it made sense and given our first customer proposition, ANZ Plus, is about to go live, that time is now."

HDFC Bank Still Losing Credit Card Market Share: Brokerages

UOB recognised by Vietnam’s Ministry of Planning and Investment

The Bank is also set to facilitate a pipeline of SGD3.3 billion potential investments from companies in sectors such as manufacturing, technology, and consumer goods in the next three years.

OCBC Group Full Year 2021 Net Profit Rose 35%

Group net profit for FY21 was S$4.86 billion, an increase of 35% from a year ago, underpinned by strong growth in non-interest income and lower allowances, which offset a decline in net interest income amid a low interest rate environment.

Netbank launches Banking Services through APIs in The Philippines

Netbank has engaged Brankas, a leading Open Finance technology company in Southeast Asia

UOB’s FY21 net profit up 40%

Group Retail’s income was sustained at S$4.11 billion

DBS full-year 2021 net profit rises 44%

Fourth-quarter earnings up 37% to SGD 1.39 billion

DBS’ response to MAS' actions on digital disruption

MAS’ supervisory action requires DBS to set aside additional capital amounting to 1.5 times risk-weighted assets for operational risk.

Citi Nears Deal For Mainland China Consumer Unit

Last week, Citi agreed to sell its consumer banking business in Indonesia, Malaysia, Thailand and Vietnam to UOB for about $3.6 billion.

DBS to Buy Citigroup Taiwan Assets

A Taiwanese acquisition would add to DBS Chief Executive Officer Piyush Gupta’s deals over the last 15 months.

Axis Bank closing in on Citi India's consumer business

Its Indian consumer banking business comprises credit cards, home loans and retail banking.

Singapore Tycoon Wee Cho Yaw’s UOB To Buy Citi’s Southeast Asia Consumer Business For $3.6 Billion

The purchase consideration is about S$4.9 billion ($3.6 billion), which includes a premium of S$915 million on top of the business’ aggregate net asset value of S$4 billion as of June last year.

Sumitomo Mitsui to weigh more acquisition targets in Asia

Mr Ohta is also interested in American retail banking and said he may consider entering online lending in the US as a way to secure a position in that market.

Citi Announces Agreement to Sell Philippines Consumer Bank to UnionBank of the Philippines

Citi Continues to Execute on Global Consumer Bank Strategic Actions

Retail Banking