Managers of Wealth Asia Pacific

United Overseas Bank: Plotting the Coordinates on the Road to Digital Banking in ASEAN

The message is that we must all evolve in order to survive and to compete, and that is certainly true in banking.”

Remediation costs weigh on profits at Commonwealth Bank

The big four bank, which is Australia’s largest bank, said the remediation consisted of $334 million for Aligned Advice remediation, $72 million for wealth customer refunds, $152 million in banking customer refunds and $156 million in other costs.

Korean banks seek expansion in Indonesia

Bank Woori Saudara, meanwhile, has been holding a series of seminars on asset management for Indonesia customers, Woori Bank in Seoul said.

Bank deposits growing, not slowing: RBI report

According to the RBI report, empirical evidence puts forward several interesting facts about the behaviour of bank deposits.

CBA's clean-up bill for scandals tops $2.1 billion

The main culprit for the drop, which was worse than investors had expected, was a new $714 million charge that the bank took in provisions for customer remediation, mainly in its wealth division.

ICBC Singapore Issues Bank’s First Green Bond

They received over $2.4 billion and $1.5 billion in orders respectively, with Asia buying 92 percent of the deal and the rest coming from EMEA in both cases, according to Reuters.

PNB raises P13.87B from bond offering

The bonds carried a coupon of 6.25 percent.

HSBC: Banking by Proxy?

It’s breeding is impeccable in a region that values pedigree almost as much as the British peerage does.

Westpac stung with a $700m plus profit wipe-out

The question is whether Westpac’s results adds to this confidence even as its first net profit tumbled to $3.2 billion, while the more closely watched cash profit figure plunged 22% to $3.3 billion.

Ecobank’s Rapid Transfer app gets recognition

The award covers the Asia Pacific, the Middle East and West Africa

Banks reskilling staff for digital transformation

Lenders also creating new roles, using more tech at contact centres

Japanese banks to boost fight against money laundering

If the industry receives a similarly inferior evaluation again, Japanese banks’ international transactions may be subject to restrictions, and overseas settlements and remittances, as well as transactions for cross-border trade, may be affected.

NAB wealth earnings down, clashes with Nippon

NAB’s profit for the half rose by 4.3 per cent from the pcp to $2.7 billion, with cash earnings up by 7.1 per cent to $2.9 billion.

Maybank Indonesia reports 6.2 percent profit growth

The growth was mainly spurred by loans to state-owned enterprises and top-tier corporate clients.

Hong Leong Bank and Emirates Skywards Partner to Launch Emirates HLB Cards

Daily spends on Emirates HLB cards earn Skywards Miles redeemable for flight rewards on Emirates and partner airlines

China Big Five banks post modest profit growth amid loan push

The gain comes on the heels of disappointing 2018 fourth quarter when four of the five turned in their weakest profit growth in more than two years as business activity slowed and they sharply increased provisions for bad loans.

ANZ and Westpac prepare A$1bn provisions for customer remediation

Banks face tough housing market and ballooning costs following inquiry into misconduct

Public Bank's 1Q net profit little changed on year

Analyst flag challenging year as competition intensifies in a slowing economy

China Construction Bank posts 4.2 percent first quarter profit rise, misses estimates

CCB's non-performing loan ratio was 1.46 at the end of March, unchanged from three months earlier.

Bank of China Q1 profit up 4pc, net interest margin drops

Its net interest margin (NIM), a gauge of bank profitability, narrowed to 1.82 percent as of end-March from 1.90 percent at the end of 2018.

Retail Banking