Retail Banking
Westpac names Carolyn McCann as acting chief exec for its consumer division
Westpac names Carolyn McCann as acting chief exec for its consumer division
The Australian Bank is doing an external search to fill the role permanently.
Bank Central Asia’s net profit up 9.8% to IDR14.1t
Double digit loan growth and net interest margin expansion helped push profits up.
SG banks to report mixed NIM, strong wealth and trade income for Q1
NIMs for the quarter may be flat to declining quarter-on-quarter.
Thai banks’ net profits rose 5% in Q1
For 2025, the banks are expected to report lower NIMs and a 1% loan contraction.
CIMB Philippines says fund transfer issue ‘resolved’
All affected customers have had their funds returned, the bank said
Bangkok Bank, The Mall Group launch campaign to expand co-branded card customer base
They also plan to develop new products aimed for foreign tourists, especially those from China.
Eight financial institutions defaulted in 2024: S&P
Majority are NBFIs, and most are located in the Americas.
BSP ‘closely coordinating’ with CIMB to resolve unauthorized fund transfers
The BSP said that it will continue to monitor the issue until it is fully resolved.
Standard Chartered names Andrea Casati as head of client dev’t for global banking
Casati will be based in Hong Kong.
Dah Sing Bank warns against seven fraudulent websites
Customers are reminded to check the URL and look for a secure padlock icon.
Trade tension woes may hurt Chongqing Rural Comm Bank’s net profits
The bank’s EPS may fall by 1.8% or grow by as much as 1.5% this year.
ANZ names Chris Raciti as country head of ANZ Singapore
He will also have oversight for eight markets in SEA, India, and the Middle East.
Kiatnakin Phatra Bank can reduce losses on sale of repossessed vehicles
Net profit fell by 30% to THB1.06b in Q1 2025.
Japan’s Chiba Bank to maintain strong long quality, profitability: Moody’s
Its NPL ratio is lower than the average of large regional banks in the country.
Bank Central Asia’s low costs, strong liquidity steadies earnings growth
Ample liquidity and low funding costs will optimise its returns, Maybank Securities said.
BPI’s net income up 9% to $293.2m in Q1
The Philippine-based bank reported higher non-interest income and total revenue.
TMBThanachart Bank may see loans contract by 1.7% in 2025
Its Q1 net profit dropped 5% compared to the same quarter in 2024.
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Asian Banking & Finance Fintech Awards 2025 Winner: Bhagavi Sridharan of Aditya Birla Capital Digital
Bhagavi Sridharan explains how the ABCD app offers a seamless, unified experience across diverse financial products.
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Asian banking’s next frontier: Beyond growth, embracing precision
Rethinking cybersecurity: How APAC banks can safeguard against AI-powered threats