Managers of Wealth Asia Pacific

Malaysia's CIMB Q4 profit slides 24% on provisions

Net profit for the October-December period was 848.64 million ringgit ($200.38 million) compared with 1.12 billion ringgit achieved a year prior.

COVID-19 may spoil Singapore banks' new year despite good 2019 results

Five to 10 percent of the banks’ total loans are to borrowers particularly in danger of a prolonged outbreak such as hospitality, trade, retail, food and beverage, but headwinds may be contained in the next months.

CBA launches Australian-first protection for homeowners

This comes as new research from CBA reveals a third of Australians would only be able to cover their home loan repayments for up to six months if they, their spouse or dependant passed away or was diagnosed with a terminal illness.

CIMB Bank Singapore Introduces Virtual Account with Distinct Benefits for Corporates

Banking need not be so complicated in today’s environment, and we intend to provide financial services and solutions for a better banking experience,”

OCBC expects 2% dip in 2020 revenue on virus impact; ups dividend on higher Q4 profit

The bank’s exposure to manufacturing – which will be hit by the second-order impact from the virus as supply chains get disrupted – is another 4 per cent.

Broad-Based Franchise Growth Brings UOB Record Earnings

Income from high affluent customers increased 14% year on year

Maybank Indonesia posts higher operating profit despite lower loans growth

Banking transactional fees significantly increased and became our main source of income for the bank during the period.

Australia’s strengthening housing market extends the ‘wealth effect’

Buying intentions for motor vehicles turn higher, while the impact of bushfires and coronavirus has already started to affect travel spending intentions, according to CBA HSI readings.

HSBC Joins Singapore Banks In Local Relief Measures

The measures that we have introduced today aim to facilitate the continued flow of trade by easing the cashflow and operational pressures faced by businesses tackling supply chain disruptions.

Wells Fargo Cutting Hundreds Of Jobs In Manila

This strategy will ultimately provide meaningful benefits to our employees and customers, but we recognize this change will have a significant impact on some employees and their families.

NAB further delays offloading MLC

Remediation of MLC Wealth advice clients and a reshape of the wrap business model along with a rebrand to MLC Advice are understood to be recent milestones in the path to separating the businesses.

NAB narrowly beats Q1 profit forecast

NAB has posted unaudited cash earnings of $1.65 billion for the three months ended December 31, roughly mirroring the same figure a year ago.

Dubai Islamic Bank Pakistan posts after tax profit of Rs 3.3 billion

Dubai Islamic Bank Pakistan has also achieved major accolades by winning seven awards globally including the coveted CFA Society Pakistan Excellence Award in the “Best Islamic Bank" category.

Why P2P lending can be the end of banking as we know it

The disruptive scope of P2P lending increases access for borrowers and investment opportunities for the ecosystem

Icici Bank opens 'wealth management' branch for HNW clients

The branch has been designed exclusively for the HNI customers and will offer them, tailor-made banking services, customised investments and other financial services-- all in an upscale environment.

CBA gets hands-on: Helping businesses scale with the launch of X15 Ventures

The yellow bank said it doesn't want to be a 'passive equity investor'.

X15 Ventures Launches App for Small Business

Powered by CBA, Vonto makes running a small business easier by collating data from a range of regularly used business tools into one platform, to provide easy to understand and actionable insights.

Nomura Signs MOU for Comprehensive Business Alliance with Awa Bank

The MOU sets out fundamental principles and other necessary considerations for entering into the alliance agreement.

Financial Results for the Nine Months ended December 31, 2019

The lender's trading division posted a net business profit

Klara Launches In Australia With CBA

By accessing Klarna through the country’s market-leading banking app, CBA customers can quickly register and begin shopping at any online store.

Retail Banking