Retail Banking

MUFG to ditch over-the-counter international cash transfers to strengthen AML efforts: report

Bank users may continue to send money overseas online through a stricter process.

Philippine budget secretary Benjamin Diokno named as new central bank governor

He will be serving the remainder of Espenilla’s six-year term which will end by 2023.

Singapore bank loan growth down to 4.2% in January

Consumer loan growth fell to 0.7% whilst business loans increased 5%.

UnionBank of the Philippines' thrift unit completes merger with PR Savings Bank

The move will accelerate UnionBank's push into the motorcycle financing market.

MUFG to acquire aviation financing arm of Germany's DZ Bank

This represents the latest move by banks into aircraft finance which offers better returns than straight corporate loans.

Thai government to buy $318m of shares in TMB-Thanachart merger

It chose to invest because it believed that the merger would yield a more efficient bank.

Singapore's big three banks' CET1 ratios hit 14% in 2018

Of its peers, only UOB saw declining CET1 ratios amidst faster loan growth.

Four Crucial Defense Strategies against revenue erosion for Private Banks in Asia

It is no secret that the private banking industry in Asia is facing revenue pressure on multiple fronts, with margin compression and revenue erosion...

Hang Seng Bank's full-year profits up 21% to $3.08b

Their retail banking and wealth management arms account for 51.2% of the bank’s pre-tax profits.

Woori Bank ties up with Chinese banks for remittance service

Money sent in KRW will be received in RMB. Woori Bank has tied up with China banks including ICBC, Bank of China and the Bank of Communications as...

Which bank enjoys the highest customer satisfaction in Hong Kong?

This lender occupies the top spot for the second straight year.

Malaysian banks remain flush with liquidity in January

Liquidity coverage ratio stood at 144.3% which is above the required 100%.

Vietnamese banks' return on assets up for second straight year at 1.1% in 2018

Wider net interest spreads and lower credit costs boosted profitability.

RHB's net profit climbed 18.2% to $570m in 2018

Earnings were boosted by net fund based income which hit $1.2b. RHB Bank Berhad enjoyed a better year in 2018 as net profit rose 18.2% YoY to $570m...

Citi appoints Rajat Madhok as APAC head of Citi Commercial Bank

Rajat formerly headed the APAC mid corporates team at CCB.