News
ZA Bank enables users to earn 8% p.a. Savings rate by walking daily
ZA Bank enables users to earn 8% p.a. Savings rate by walking daily
Users must complete fitness challenges in August.
RHB announces 4 new senior appointments
Mohamad Bin Rastam Shahrom is the new group CFO.
UOB’s net profit stable at S$2.91b in H1; interim dividend is 88 cents
Income growth and lower allowances were offset by one-off integration costs.
Hang Seng Bank’s profits up 1% to HK$11.3b in H1
Net interest income and net operating income both rose.
HSBC’s profits after tax dip 2% to $17.7b in H1
The bank recognized a $1.2b impairment for the sale of its Argentina business.
APAC boasts highest digital wallet spending in the world
China, Japan, and Singapore are frontrunners in digital wallet adoption.
BOCHK to conduct system maintenance on 4 August
Some services will be unavailable until 12NN.
GXS Bank CEO Charles Wong steps down
Wong will become an advisor for the digital bank.
‘Robust’ revenues lifted BPI to record net income in H1
Earnings per share is PHP5.8 for the period, a 14% increase.
Higher margins, lower opex buoy Bank Central Asia’s profit growth in Q2
Net profit for the first six months of the year is $1.65b, 11% higher than in H1 2023.
BRI reports $1.83b (IDR29.9t) profit in Q2
President director Sunarso hailed their credit distribution and DPK.
BDO Unibank's net income up 12% to $357.7m in Q2
Total net income for H1 is $673.86m, according to data from the stock exchange.
Maybank names Alice Tan as head of group wealth management
Tan will continue on her role of Maybank’s head of wealth mgmt for Singapore.
Japan’s Concordia FG sees strong loan growth and improving profits
Its strong franchise base in Kanagawa Prefecture is an advantage.
MAS reprimands RVP One for SFR breaches
RVP failed to submit financial returns for 3 years, according to MAS.
More data needed for sustainable financing— experts
Banks are struggling to get the right data at the right place.
MAS appoints Chee Hong Tat as Deputy Chairman
He will serve until 31 May 2027.
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Commentary
APAC has mastered domestic payments. The next challenge is connecting them.
Why fragmented communications are becoming a hidden governance risk for Asia Pacific banks
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