10/28/2022
Higher Interest Rates Fuel Record Profit at UOB
In the first nine months of 2022, UOB's net profit reached S$3.4 billion, up 12 percent compared to the same period last year.
Retail Banking
10/27/2022
ANZ 2022 Full Year Result & Proposed Final Dividend
ANZ Plus in market with deposits growing at a faster rate than any other new digital bank in Australia; fully digital home loan product expected to pilot next month.
10/25/2022
ADB gives crisis-hit Pakistan $1.5 billion loan
The country was suffering from massive floods, high prices, rising food insecurity, falling business activity
10/18/2022
DBS joins LCH SwapClear as the first direct member in Singapore
By joining LCH SwapClear as a direct member, DBS will be able to post Singapore Government Bonds as collateral, marking the first time a global offshore clearing house has accepted this asset class as eligible collateral.
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.
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.