10/14/2022
CBA Emergency Assistance for flood affected areas in New South Wales, Victoria and Tasmania
Commonwealth Bank is providing Emergency Assistance to flood-affected areas across Australia’s east coast.
Retail Banking
10/11/2022
BSE’s top volume performer in Securities Lending
Deutsche Bank is India’s leading custodian offering execution services in lending of securities in the SLB segment.
10/10/2022
BDO recognized as best bank in Philippines
Alpha Southeast Asia evaluated the performance of financial institutions from a business and strategic performance perspective including major strategic initiatives such as digital transformation and new business launches.
10/10/2022
DBS launches polytechnic apprenticeship programme
In each year of study, students on the DBS FinTech Apprenticeship Programme will attend masterclasses delivered by the bank’s senior engineers to gain exposure to how technology is being deployed in the banking and financial sector.
10/06/2022
RHB Bank Cambodia aims to become SME bank of choice by 2024
Following its successful implementation, RHB Cambodia was recently recognised with two prestigious awards namely, Most Innovative Retail Bank and Most Innovative New Financial Literacy Mobile App for its goWave Lite app, at the International Finance Award
10/05/2022
HSBC mulls ditching Canadian business amid Ping An breakup pressure
Chinese insurer Ping An has been lobbying HSBC for months to demerge its Asian business, which generates most of the group’s profits.
10/04/2022
DBS, UOB raise fixed home loan rates further to 3.5% and up
DBS last raised its interest rates on all fixed-rate home loan packages to 2.75 per cent per annum, from just 1.65 per cent for a two-year fixed loan and 1.85 per cent for three-year loans previously.
09/27/2022
Singapore’s incumbent banks should work on customer engagement, say industry watchers
Their digital offerings compare well with those of digital-only banks, but customers will demand better experience
09/26/2022
Australia central bank’s digital currency pilot likely next year
The findings will be published at the conclusion of the project in around mid-2023.
09/22/2022
DBS partners with FinLync to accelerate digitalisation of corporate treasury functions with plug-and-play bank API solutions
Provides treasury and finance teams valuable access to real-time updates to enhance automation and decision-making processes round-the-clock
08/31/2022
No Chinese Mega Bank Unscathed from Property Woes
At China’s largest lender ICBC, real estate-linked NPL rose 15 percent to 5.47 percent.
08/30/2022
Thailand’s Siam Commercial Bank ends US$500 million deal to buy crypto exchange Bitkub
The SEC imposed unspecified “civil sanctions” on Bitkub on June 30 for fabricating information regarding trading volume of digital assets on the exchange.
08/30/2022
Brokers’ take: Bank earnings growth to support demand for Silverlake Axis offerings, says CGS-CIMB
The results were above consensus expectations but fell short of CGS-CIMB’s forecasts by 14 per cent, the research team said in a report.
08/29/2022
Maybank Posts 2QFY22 net profit of RM1.86b
Compared with the preceding first quarter of FY2022, the Group’s net profit of RM1.86 billion was 9.2% lower than the RM2.04 billion registered in 1QFY22, mainly owing to higher net impairment charges booked in the second quarter.
08/29/2022
BDO Trust wins online, mobile platform award for 3rd time
Apart from Alpha Southeast Asia Awards, BDO Trust has received multiple recognitions internationally from various prestigious publications such as The Asset, Reader’s Digest Asia, World Finance and Asian Banking & Finance.
08/24/2022
Chinese Banks Are Reportedly Inflating Loans Figures
In addition to reluctance from businesses and households to borrow, China’s banking system is also in the midst of an ongoing property crisis that includes developer defaults, mortgage boycotts and other issues.
08/23/2022
HSBC to Open New Branch in Shanghai Free Trade Zone
Lingang was first established three years ago with the aim of piloting policy initiatives that promote cross-border trade and financial innovations.
08/22/2022
Sumitomo Mitsui Joins Fray to Buy Indonesia’s Panin Bank, Sources Say
SMFG to compete against MUFG as they seek to acquire Panin
08/16/2022
Citi affirms commitment to PH following exit from consumer, retail banking
Babej’s optimism on the country is consistent with the group’s upbeat view on Asia as a whole.
08/10/2022
Hong Leong Bank Chair Mulls Minority Stake Sale
Quek, 80, is Malaysia’s second richest man after property tycoon Robert Kuok with an estimated net worth of $10 billion, according to Forbes magazine this year.