11/13/2020
Economic recovery stronger than first thought - Commonwealth Bank of Australia
Commonwealth Bank’s Head of Australian Economics, Gareth Aird, has indicated strong fiscal stimulus will help the Australian economy recover quickly.
Retail Banking
11/11/2020
CBA in strong position to weather current economic challenges
Disciplined execution of our strategy and strong operational performance continued to deliver good outcomes for our stakeholders during the September quarter.
11/11/2020
Deutsche Bank opens cash management business in Australia
The business offers a range of services including current accounts and deposit products, domestic and cross- border payments and collections as well as liquidity management services.
11/08/2020
Bank Islam welcomes enhancement to targeted repayment assistance
Applicants from these two categories may apply for either a three-month deferment of monthly instalments or reduction of 50% monthly instalments for six months.
11/05/2020
NAB 2020 Full Year Result
All payments will be subject to clause 14 (“Payments”) of the Terms.
11/03/2020
Australia's Westpac underwrites dividend payout as cash earnings plunge
FY20 cash earnings fall 62% to A$2.61 bln
11/02/2020
Bank of Commerce profit steady at P366 million
Net interest income jumped 25.6 percent to P3.75 billion while interest expense plunged 49.7 percent to P989.4 million from P1.97 billion on lower interest rates.
11/02/2020
Citibank facilitates SBL trades in China A-share market under new QFII
QFII was first launched in 2002 and has seen several key amendments in the past year to make it quicker and easier for foreign investors to apply for and gain QFII status.
10/29/2020
ANZ's profit plunges by a staggering 42% as 95,000 homeowners defer their mortgage
A huge number still haven't returned to making monthly repayments
10/28/2020
Westpac rolls out customer complaint resolution system
Australian bank Westpac has enlisted IBM to help build a complaint resolution platform that is now being rolled out to more than 15,000 customer-facing employees.
10/27/2020
HSBC to accelerate restructuring plan to cut costs
HSBC has not yet said if its plan to accelerate its restructuring will mean more jobs will go.
10/26/2020
Vietcombank profit plunges
Vietcombank, the fourth-largest lender in Vietnam in terms of assets, also reported that its Q3 revenue fell to near 4 percent year-on-year to VND11.6 trillion.
10/26/2020
UnionBank named Asia Pacific Digital Trailblazer at IDC 2020 Asia/Pacific Digital Transformation Awards
With this distinct recognition, UnionBank joins the ranks of previous regional winners, renowned Changi Airport in Singapore, and Ovo, Indonesia’s leading payment and financial services platform.
10/23/2020
Indonesian giant gets majority in largest Islamic bank
Bank Mandiri holds 51.2% shares in Islamic bank being formed by merging 3 entities
10/22/2020
Bank of Japan member calls for ‘swift action’ to ease coronavirus shock
Japan’s economy suffered its biggest postwar slump in the second quarter
10/20/2020
Indonesia gains heft in Islamic banking with 3-way merger
By merging syariah units of three lenders, country aims to capture bigger slice of market
10/19/2020
UnionBank nabs eight accolades at 11th Retail Banker International Awards
From a timeframe of up to 20 days, Send-i2i rural banks will be able to receive remittances in mere seconds.
10/19/2020
PNB wins ‘best managed bank’ and ‘best CEO’
Philippine National Bank was honored by The Asian Banker with Best Managed Bank and Best CEO during its annual Leadership Achievement Awards on Oct. 15.
10/19/2020
Local Support Essential For Small Business Recovery
The nationwide business banker expansion will offer more personalised business support to help small business customers, and their local communities, rebuild and grow.
10/16/2020
CBA Invest $100 Million for Australian Business Growth Fund
As Australia’s biggest bank, we are very aware of the challenges many small businesses face when trying to grow, particularly during these challenging economic times.