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Maybank kicks off Islamic banking operations in the Philippines
Maybank kicks off Islamic banking operations in the Philippines
It is the first commercial bank in the country to get an IBU license.
HK-listed Chinese banks deliver 23% higher returns in 8M 2024
Major banks’ plans to distribute interim dividends lifted market sentiment.
Hong Kong’s ZA Bank achieves monthly net profitability
The bank has over 800,000 users in the city.
Siam Commercial Bank announces disruptions to SCB EASY app
It will be unavailable from 1AM to 5:30 AM on September 21-22.
Weekly Global News Wrap: Tech, rate woes weigh on regional lenders; VP Bank exiting Hong Kong?
And Russia’s Sberbank says it's business in India is booming.
Net interest margin to strain China Construction Bank’s profitability
Lower provisions could help offset earnings pressures.
Citi nabs J.P. Morgan banker to head investment banking financing
Achintya Mangla is now in charge of financing duties for Citi’s global DCM, ECM, syndicate and private capital markets.
CashOn to explore digital currency lending matching services
It signed a strategic cooperation memorandum with Wuxi Huishan (Shenzhen) Innovation Center.
iFAST Global Bank unveils cross-currency transfer service
This allow money transfers to over 50 countries in more than 25 currencies.
Bank of China to weather potential losses, asset quality strains: S&P
Bad loans ratio for its mainland property loans has shrunk to 4.94% in June 2024.
Citi nabs BofA, ex-Goldman Sachs’ bankers to boost ANZ markets business
The new senior hires also come from Perennial Partners and MST Financial.
Agricultural Bank of China to withstand property crunch
Exposure to the mainland property sector has shrunk to 3.67% of its loan book.
UnaFinancial reaches $2b in loan disbursements
At least 65% of its 17.7 million customers get another loan from them.
OCBC to offer digital accounts, debit cards for kids and teens
Kids and teens aged 7-15 years old can open their own digital bank accounts.
AGTech acquires controlling stake in Ant Bank Macao for $30.23m
AGTech now owns 51.15% of Ant Bank (Macao)'s issued shares.
CIMB logs 14% net profit growth in H1; interim dividend is 20 sen
CEO Novan Amirudin attributed this to operating income growth, amongst others.
PT Bank Permata launches travel, dining card for affluent clients
Priority customers can avail 20,000 airline miles, subject to conditions.
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