News
Hang Seng Bank executes pilot trades under RMB Trade Financing Liquidity Facility
Hang Seng Bank executes pilot trades under RMB Trade Financing Liquidity Facility
It is one of the first banks to participate in the facility.
CIMB’s net profit up 10.7% to $1.71b in 2024
They’ve proposed a second interim dividend of 20 sen per share.
DBS and SMF partner to drive sustainability in SG’s manufacturers
They aim to support 500 small and mid-sized manufacturers.
India’s restored risk weights offer modest impact to banks
The move will enhance flow of credit from banks to better-rated NBFCs.
Alliance Bank’s net profit up 7.9% to $123.9m in 9M FY2025
Overall loans rose 14.2%, with commercial loans growing fastest.
Loans extended in Australia rose 6.5% in January
Business loans rose the fastest compared to the same month in 2024.
Visa and CIMB PH to deliver banking services to Philippine SMEs
They will offer a new business debit card by Q3.
Hang Seng Bank welcomes HK budget initiatives
Meanwhile, HSBC’s CIO expects AI to benefit from the announced plans.
Thai banks told to use dynamic pricing
They are struggling because their pricing strategy is not transparent and too reactive.
Maybank’s net profit up 7.9% to $2.27b in FY2024
Full-year dividend is 61 sen per share.
Banks should use the right AI for the job
The proper solutions improve operations at a cost-effective price.
Thai digital banks urged to rethink playbook
They should acquire customers from the get-go with profit in mind.
Fubon Bank to benefit from UOB’s China retail banking exit: S&P
Fubon has the economies of scale to get more traction out of the business.
Airwallex expands into New Zealand
It appointed Lowry Gladwell as associate director of New Zealand.
OCBC leads regional sustainable finance rankings in 2024
As of September 2024, the bank’s sustainable finance loan commitments reached $64.7b.
Alipay enables Amex card linking to pay in China
Alipay now enables 7 international card brands to pay in China.
HK’s card payment market to grow 11% in 2025
Credit cards accounted for 77.7% of the overall card payment value in 2024.
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1. Singapore aced its FATF evaluation — now comes the hard part 2. Citi boosts North Asia & Japan corporate desk headcount by 25% 3. UOB Private Bank hires Dominique Boer as ASEAN regional market head 4. Japan banks turn to stablecoins to retain deposits 5. India card payments post five years of growth: GlobalDataResource Center
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Leading voices from the banking and insurance industries will meet at The Hyatt Regency to discuss wealth management, insurance investment, and the AI economy.
Commentary
From automation to agency: Asia’s wealth leaders can reinvent, not just streamline
Singapore aced its FATF evaluation — now comes the hard part
Are Asia’s digital banks prepared for the stablecoin era?
Why APAC is building home-currency stablecoins
Why Southeast Asian wealth managers must design the business before buying the technology
Why trust in Asian banking increasingly gets built off the record
Hong Kong cleared stablecoins for take-off. Getting them to work across Asia is the hard part
The financing challenge behind Asia’s wealth transfer