Managers of Wealth Asia Pacific

Xinja Bank return of deposits completed

APRA has closely monitored the return of deposits process, which saw all but a small percentage of Xinja deposits transferred to other banking institutions over the past month.

ANZ Key Dates First Half Financial Year 2021

For shareholder reference the key dates for the first half of financial year 2021 are detailed below.

Philippine Banks’ Rebound to Beat Revival From Asian Crisis

The nation’s bad-loan ratio may peak at 6%-7% this year, Consing said, compared with about 4% in 2020, and far lower than the 20% levels seen during the Asian crisis.

HDFC Bank's Q3 standalone net profit rises 18%

The rise in net interest income was driven by advance growth of 15.6 per cent and a core net interest margin for the quarter of 4.2 per cent.

Co-opbank Pertama targets over RM90m profit in 2021

The incentive that we give is higher than normal savings...if we look at savings at most banks, they are less than 1.0 per cent, but CBP gives as high as 1.75 per cent for savings account

RBI unveils guidelines for digital payment infra fund

PIDF scheme’s key aim is to create payments acceptance infra in tier-3 to tier-6 cities

India Eximbank achieves lowest 10-year coupon for Indian issuers

Deal priced inside its fair value amid strong demand

Singapore banks to benefit from pick-up in credit growth this year: CGS-CIMB

They are also forecasting DBS to report lower impairments, and OCBC's non-performing loans to trend upwards to 2.5 per cent to 3.5 per cent in FY21.

Maybank named among Cambodia’s best banks

Among the best features of the bank which lead to international recognitions are the FX services, Maybank2U (M2U) mobile app and Maybank 2E cash management solution.

HSBC breakup will turbocharge CEO’s Asian pivot

The division’s $21 billion in consumer loans implies a tangible book value of $1.6 billion, based on the capital typically carried by other U.S. retail banks.

BRI Partners Alipay in Indonesia

BRI will focus on areas most visited by Chinese tourists, including Bali, Batam and Manado, before expanding the acceptance of Alipay across its network of merchants using QRIS.

S. Korea picks 11 banks as liquidity provider in won-yuan direct trading market

The direct transaction market between the South Korean won and the Chinese yuan was launched here in 2014 to boost payments and settlements in trade using both currencies and lower the exchange rate-related risks.

PBoC Calls for Payment Focus in Ant Overhaul

The mainland central bank also called for a timetable as soon as possible and to understand the need for the overhaul.

Malaysia’s financial sector braces for competition from digital banks

Usually, announcement of the winners takes a year after a licensing framework is launched.

Australian domestic payment schemes to merge

The merger is the result of a review by the Reserve bank of Australian which noted consolidation of some domestic payment groups should be considered.

ANZ enters joint-venture with Worldline to provide leading payments technology and merchant services in Australia

It currently provides acquiring, payment processing, point-of-sale and other payment solutions to one million merchants and 1,200 banks and financial institutions globally.

Major step forward for digital renminbi: China Daily

The paper says that digital currencies are expected to take centre stage, with the advent of the digital economy era.

CBA collaborates with Qld Govt to offer contactless payments to commuters

New payment technology rolls out for Gold Coast Light Rail commuters in South East Queensland, supporting traditional cash and go card.

UnionBank, Standard Chartered pioneer Philippine bond tokenization

Digital platform provides retail investors easy access to 9 billion peso issuance

Westpac sells Pacific businesses

The sale price also includes earn-out payments of up to $45 million which are scheduled to occur annually over 24 months following completion and are subject to the business performance of Westpac Fiji.

Retail Banking