Japan
SMBC’s US digital lender Jenius Bank hits $1b in savings deposits
It will roll out a mobile app in the coming months.
SMBC’s US digital lender Jenius Bank hits $1b in savings deposits
It will roll out a mobile app in the coming months.
Japanese banks’ total assets total $9.12b in March
Deposits in domestic branches were at $6.32t as of end March 2024.
Nomura doubles top managers’ pay for FY2024: report
CEO Kentaro Okuda is amongst those who enjoyed higher compensation.
StashAway’s Hong Kong assets expand by 20% in Q1
Majority of their assets are from HNW and emerging HNW clients.
Norinchukin Bank’s profits up 24% to $405.7m for FY2023
Net gains from sales of securities jumped over 800% over the period.
Japan’s Norinchukin Bank proposes changes to board
One auditor, Masaki Ogata, is retiring on 21 June.
Japan’s Chugoku Bank maintains strong liquidity despite weak loans
Higher interest rates will help improve profitability, Moody’s said.
Japan’s SMBC bookmarks $64m for social value activities
The group has also established an investment fund.
Mizuho to help deploy AI to study Hachijo’s humpback whales
The project will run from May to October 2024.
Mizuho allots $12.95b to finance hydrogen production
The bank noted hydrogen as “key” to decarbonisation of various sectors.
Mizuho’s net income climbs 22% to $4.39b in FY2023
An annual dividend of JPY105 per share has been announced.
Japan’s Sumitomo Mitsui mulling stock split
It has not yet decided whether to push through or not, however.
Sumitomo Mitsui Card offers 1.98% merchant fees to SMEs
SMEs in Osaka will also be able to avail of an android terminal for free.
Mizuho Financial Group publishes impact business policy
The policy defines the bank’s course of action on impact-driven businesses.
Japanese banks back fund to develop space industry
SMBC, MUFG, and Mizuho Bank are all named limited partners.
Japan’s SMBC joins JV to support drug discovery start-ups
The bank will own 33.2% of the JV company, which will be established mid-2024.
Mebuki's profits to improve but unrealised losses to rise
Its problem loans ratio is stable due to strong borrower quality.
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CIMB Niaga leads the way in captivating Indonesia’s youth
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The bank’s digital solutions are winning over younger generations with 3.2M mobile users and 96% digital transaction rate in 2023.
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