News
Philippine central bank cuts reserve requirement ratios
Philippine central bank cuts reserve requirement ratios
For universal and commercial banks, the RRR has been reduced to 7%.
Citi wealth head visits Hong Kong
Andy Sieg attended three events and toured Citi’s Global Wealth Centre.
Hong Kong stored value transactions up 4.6% in Q2
A total of 2 billion transactions were made between April to June 2024.
Bank of Singapore flags fraudulent app
It has reported the matter to the Hong Kong police.
Malaysia, Cambodia launch cross-border QR payment linkage
The initiative’s first phase has concluded as of 19 September.
MUFG Bank fined $1.75m for info management lapses
Sister firm MUMSS was separately fined $1.4m.
Thai banks join forces with billionaires, fintechs for virtual bank bid
Shopee's parent company, and banks SCB X and Bangkok Bank are amongst the aspirants.
HDBank clinches $50m loan to fund climate projects, women-led firms
This brings HDBank’s total credit facility in Proparco to $100m.
Cambodia’s ACLEDA Bank to weather its covenant breaches: S&P
Funding is ‘strong’ thanks to its position as one of the country’s largest banks.
Hang Seng Bank reduces lending rate, deposit rates
Its prime lending rate and deposit rates are now 25 basis points lower.
MUFG names Yoshi Katsuda as Middle East regional head
Katsuda was most recently part of the GCIB Planning Division in Tokyo.
Natixis CIB appoints Saburo Koyama as head of aviation finance in Japan
He set up the Marubeni Corp’s first aircraft leasing arm, MD Aviation Capital.
ZA Bank cuts installment loan interest rate
Applicants get a cash reward of up to $188.6 until 30 September.
Taipei Fubon Commercial Bank to achieve good profitability through 2025
Low credit costs and non-interest income will lift profitability.
BEA lowers HK dollar savings rate, prime rate
The new rates come into effect on 20 September 2024.
Australia’s AT1 phase out proposal unlikely to be replicated by other regulators
It will wipe out the concentration of AT1 instruments held by domestic retail investors.
BRI’s UMi has disbursed $40.53b in loans to MSMEs
Three years after launch, UMi now serves 176 million depositors.
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Most Read
1. Citi boosts North Asia & Japan corporate desk headcount by 25% 2. UOB Private Bank hires Dominique Boer as ASEAN regional market head 3. Barclays launches Singapore private bank booking centre 4. Citi to launch Hong Kong's first virtual card with dynamic CVC 5. India card payments post five years of growth: GlobalDataResource Center
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