Retail Banking
Strong income drives CIMB to a 26.2% net profit growth in H1
Strong income drives CIMB to a 26.2% net profit growth in H1
An interim dividend of 17.5 sen per share has been proposed.
Maybank’s first half profits surge 26% YoY
Its further expansion was dampened by a contraction in net fund-based income.
New Zealand banks to persevere amidst inquiry by Commerce Commission: S&P Global
The banks, Australia-owned, hold a total market share of 85%.
Foreign currency deposits push Hong Kong deposits to a 1.2% rise in July
Hong Kong dollar deposits dipped, whilst foreign deposits rose.
Public Bank posts 18% YoY net profit growth for 1H 2023
Its overseas operations accounted for 7.8% of the overall earnings.
Thai banks see improved profits, lower bad loans in Q2
It also laid out plans aiming to reduce household debt.
Revised rules bolster Korean banks’ competition, but no silver bullet to thriving: analysts
The proposed revisions will pave the way for mergers and bolster competitiveness.
Mizuho, Shinhan ink cooperation agreement to service start-ups
They will provide financial services to start-ups in accordance with start ups’ growth stage.
China state-owned banks to post ‘sharp’ revenue decline: report
Banks are battling lower lending rates, ongoing property woes, and low interest margin.
Jeonbuk Bank profits to weaken from real estate lending woes
Asset quality and profitability will weaken through 2024, Moody’s said.
KEB Hana Bank’s profits stable in 2023, but NIM to decline
It has improved its cost-to-income ratio and loan portfolio over the years.
Over six out of 10 consumers trust established banks for insurance plans
Only 40% trust digital-only insurers.
RBI approves appointment of Axis Bank new executive director
The approval covers a period of three years beginning 17 August.
Double digit profit, loan growth in the horizon for Indonesia’s BCA
Net profit will rise by 21% year-on-year.
RCBC net profit up 1.38% to $109.55m in H1
Earnings per share is PHP5.63 for the period.
Hiring freeze felt as HK banks focus on talent development
Many senior roles in banking get cut, but relationship managers, private bankers, and tech roles remain sought after.
Vietnam’s HDBank registers $232.4m in profits for first semester
It also finished adopting Basel III standards.
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