News
Thailand’s loan growth slows to 0.3% in Q2 as SME loans contract
The central bank said there is a need to continue to monitor SMEs’ debt serviceability.
Thailand’s loan growth slows to 0.3% in Q2 as SME loans contract
The central bank said there is a need to continue to monitor SMEs’ debt serviceability.
Malaysia’s central bank names new monetary policy committee member
Datuk Yogeesvaran Kumaraguru has been named an external member for a 2-year term.
OCBC tries to bridge benefit gap among Singapore’s realty agents
Its latest product offers financial benefits across banking, insurance and trading.
Bank of East Asia seen to cut commercial real estate over the next two years
The bank has shifted its focus from real estate to manufacturing, retail trade, and technology.
SoKor credit card firms report 5.8% higher net income in H1
Loan-related and installment fees rose, as well as total expenses.
Visa enables use of cards to pay in Cebu, Mandaue modern jeepneys
Commuters visiting the two Philippine cities can pay with their Visa cards in 140 modern jeepneys.
Korean banks’ total capital ratio rises to 15.76% in Q2
CET1 ratio rose 0.18ppt to 13.18% over the same period.
South Korea unveils new credit blocking program against phishing scams
Voice phishing scams reportedly amounted to over $146m in 2023.
Maybank profit up 9% to MYR5.02b in H1; first interim dividend is 29 sen
This is thanks to its non-interest income growing 28.4%.
Bangkok Bank approves 2 baht dividend for H1
The dividend will be paid on 20 September.
SMBC names Atul Bhuchar as APAC head of transaction banking product
Bhuchar joins from Partior, a JV by Temasek, DBS, JP Morgan and StanChart.
CIMB launches green loan for SMEs
They can receive rebates of up to 0.4% depending on their targets.
Malaysia’s central bank fines Bank of China for unapproved system relocation
The bank reportedly failed to obtain approval before relocating the systems.
HSBC’s net profit down 2% to $17.7b in H1; dividend is $0.10
Gains from the sale of its Canada and France businesses were offset by impairments.
MUFG invests $338.5m in India’s DMI Finance
DMI Finance has provided loans to 15.2 million customers in India as of March 2024.
MariBank touts dual retail-SME focus, leverages Shopee ties to scale growth
It seeks to disprove doubters of digital banking, which has struggled to live up to the hype.
Evolving digital strategies boost brand equity and revenue
Precise targeting is essential for maintaining long-term brand equity.
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Why Philippine banks, insurers embrace hyper-personalized services
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Industry experts push for the rapid progress of unified customer data as a starting point.
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