Managers of Wealth Asia Pacific

Reserve Bank may loosen LVR restrictions further

The first round of LVR restriction loosening came early this year, though economists say that if any further easing occurs, it would likely be relatively minor.

'All banks in Malaysia must have three core values'

Thirdly, with regards future planning, we sometimes forget that we are heading towards an uncertain future, so we need to prepare society and our customers to face that future.

Hong Kong is boosting its links to Chinese banks — but there are risks involved

The regulator announced on Aug. 17 that it ordered Shanghai Commercial Bank to institute changes and pay a fine of 5 million Hong Kong dollars ($637,000) for laxity in monitoring business relationships with nearly three dozen customers.

IBBL gets ‘Strongest Retail Bank 2018’ award

The programme was held at JW Marriott Marquis Hotel in Dubai of United Arab Emirates (UAE) where Dr Sofiza Azmi, CEO of Cambridge IFA was present.

CBA board ignored key issues in deciding executive pay

CBA's group chief risk officer of the time David Cohen failed to mention the last three events in his letter to the risk committee as he provided input to deciding the executives' short-term variable pay.

Hang Seng Bank Completes Pilot Trade Transaction On Hong Kong Central Bank’s Blockchain Platform

The platform is one of the largest examples globally of a government-led, cross-bank effort to reform the multi-billion dollar trade finance sector using blockchain technology.

ICICI Bank raises retail term-deposit interest rates by up to 25 bps

One can conveniently open a deposit from the comfort of their home/office or using the Bank’s internet and mobile banking platforms.

Westpac launches new Asia tech push with Singapore hub

Instead of abandoning its high-rise headquarters in Singapore where staff numbers have been whittled down during the past two years, the bank this week opened its doors to a new generation of bankers in the region.

Indian Bank Q2 results see biz grow 14.28%

The bank announced that interest income grew by 13.01 per cent and net interest income grew by 12.13 per cent (up from Rs 1,544 crore to Rs 1,731 crore).

UOB’s Digital Bank advances customer-centric data solutions with Meniga

It will also enable UOB’s Digital Bank to understand customer needs better and to prompt them to make smarter decisions in managing their finances.

Axa IM brings high yield funds to HK retail

One of the products is Asia-focused, which has fewer peer fund competitors than other high yield funds for sale in the region.

Citibank Posts Net Profit of IDR1.4 T with Strong Loan, Third Party Funds Growth

While booking significant growth in assets, the bank’s capital adequacy and asset quality continue to be robust, with Capital Adequacy Ratio (CAR) at 23.95% and gross and net NPL at 2.37% and 0.70%, respectively.

Maybank Singapore Limited completes transfer of business

Maybank has grown in tandem with the development of Singapore’s economy

Westpac remains positive despite remediation drag

It said additional provisions were put in place to resolve legacy product issues and costs associated with litigation.

CBA and Westpac profits to show soft retail banking backdrop

Analysts have pencilled in a small rise in Westpac's profit to about $8 billion when it reports its full-year results on Monday, while Commonwealth Bank is tipped to notch up first quarter profits of roughly $2.4 billion

CIMB Niaga 9M18 net profit up 18%

The bank’s total third party deposits stood at 194.3 trillion rupiah as at Sept 30, underpinned by a 3.7% y-o-y growth in current accounts and savings accounts.

CIMB Niaga 9MFY18 net profit up 18%

This segment continues to gain positive momentum

MUFG to buy Commonwealth Bank investment units for $2.7bn

Australian acquisition part of push into asset management field

BDO reaffirms commitment to support green financing

BDO’s $150-million green bond was the first of its kind issued by a Philippine commercial bank.

HSBC Vietnam wins global award from Visa

HSBC Vietnam receives the Visa Global Service Quality Performance Awards for having the highest international authorisation approval rate for consumer credit in 2017. Photo courtesy of HSBC Vietnam

Retail Banking