06/14/2023
Bank of China to start operations in Riyadh this year, says official
The development comes on the heels of the 10th Arab-China Business Conference that concluded in Riyadh on Monday.
Retail Banking
06/09/2023
Asia’s biggest Islamic lender Maybank to boost GCC lending and focus on the wealthy
Malaysia-based bank expects its financing book and assets under management in the region to account for 5% of its balance sheet by 2030, chief executive says
06/09/2023
Kotak Bank introduces Réserve, an exclusive account tailored for high-net-worth individuals
These additions further enhance the bespoke services provided by Kotak Private Banking to its esteemed clientele.
06/06/2023
SNB is expanding capacities at the Singapore location
Since October 2022, it has been led by Carolin Reiss , who has succeeded Marco Huwiler , who is back in Switzerland.
05/26/2023
South African neobank Tyme Group set to expand to Vietnam
It also launched a fully digital bank called GoTyme Bank in the Philippines in 2022, in association with local company Gokongwei.
05/25/2023
ZA Bank to launch virtual asset trading services for retail investors under new licensing regime
ZA Bank’s plan was formulated in response to the growing demand for virtual assets in the city.
05/25/2023
BofA Plans to Shift 40 Bankers in Asia
The plans to attempt transferring staff are part of efforts to avoid headcount reduction.
05/24/2023
Mizuho recognized as Best trade finance bank in Asia by Global Trade Review
GTR is one of the major magazines for the trade finance industry, and is read by financial institutions, regulators, traders, and manufacturers in over 90 countries.
05/19/2023
ACE Money Transfer and Bank Al Habib Join Forces to Stimulate Remittance Inflows to Pakistan
Despite a notable increase in inflows reaching $2.5 billion by March 2023, the overall downward trajectory has sparked considerable apprehension regarding Pakistan's economy.
05/17/2023
US Banks Reportedly Scaling Down China Plans
JPMorgan, Citi, Bank of America and Morgan Stanley have a combined exposure of $48 billion to China in 2022
05/11/2023
UBS Sees Problematic High-Risk Lending in Asia at Credit Suisse
The lending relationships prompting concerns are ostensibly in higher-risk markets
05/05/2023
AMP Bank announces interest rate changes
AMP Bank is committed to providing competitive rates for both home loan customers and savers to help them manage their budgets and achieve their financial goals.
05/03/2023
Citigroup Adds Staff to Hong Kong’s Commercial Banking Unit
Almost 40 percent of Citi’s new commercial clients in Hong Kong come from the development zone in the Greater Bay area.
05/02/2023
SMBC Group and Jefferies Announce Growth of Strategic Alliance
The next phase of the alliance will enhance the collaboration that began in 2021, increasing the joint efforts across the firms’ M&A advisory services and equities and debt capital markets businesses
04/27/2023
StanChart profit beats forecasts on boon from rising rates
StanChart, which earns most of its revenue in Asia, said January-March pretax profit reached $1.81 billion
04/26/2023
NAB, Westpac and ANZ to close branches in Victoria, NSW, WA and Qld
The major banks are shuttering more bank branches across the country with calls for them to stop as they rake in “massive profits”.
04/24/2023
New ‘One DBS’ brand campaign dials up the amplified benefits from DBS Bank India’s expanded scale
New film showcases the bank’s digital prowess, enhanced suite of offerings, Asian connectivity and commitment to sustainability
04/21/2023
Hang Seng Bank : Launches First Prestige Banking “Family+ Account” for Seamless Personal and Family Finance and Wealth Management
Under their own main account, customers can add multiple accounts that are named for a specific family member or a specific need.
04/21/2023
Citi lowers CapitaLand India Trust TP to $1.25 amid higher debt cost
CLINT currently has a portfolio of three data centres in Navi Mumbai, Hyderabad and Chennai, with total power load of about 150 megawatt which will begin construction in FY2023 and complete in 4QFY2024 to 4QFY2025.
04/17/2023
Cathay United Bank (Cambodia) Corporation Limited launches new CUBC mBanking App integrated to Bakong System
This new mBanking App was created with the aim of providing a modern and convenient digital financial experience to customers in Cambodia.