Retail Banking

Chinese banks’ assets, profits expand in Q2

Assets of large commercial banks expanded 7.9% during the quarter.

Chinese banks’ assets, profits expand in Q2

Assets of large commercial banks expanded 7.9% during the quarter.

Bank of East Asia logs HK$2.1b profit for H1

Ongoing commercial real estate (CRE) concerns led to the 19.9% decline.

Geopolitics, elections to take APAC banks in a “bumpy ride” in H2

Financial institutions are overall well-buffed against risks.

Aussie mutual lenders may consolidate to fewer than 10: analyst

Up to 40 mutual lenders may consolidate and potentially disappear, said S&P analyst Lisa Barrett.

BOCHK warns against suspicious SMS messages

It reminded customers that it will only send messages starting with a “#”.

EastWest Bank reports $62.12m net income for H1

Its deposits and loans expanded by over 10% compared to H1 2023.

Higher loans carry RCBC’s net income to $79.87m in H1

Net interest margin rose 41 basis points to 3.71%.

Metrobank nabs ex-Citi banks as deputy head of HR

Angeles has worked for Citi, BDO, and HSBC.

PwC loses Bank of China as client: report

Bank of China plans to appoint EY as its auditor for 2024.

Indian banks’ net interest margin decline as deposit costs rise

Deposit costs rose by up to 90 basis points for some banks.

Top banks’ market cap up 5.4% in Q2

China’s big four banks saw growth although NIMs fell.

SME Bank partners with MARC to support Malaysian SME growth

They will combine their expertise in data and business coaching.

Japan’s SMFG reports higher Tier 1 capital and ratio for 2024

But its total capital ratio was slightly lower than a year ago.

PH central bank pushes for digital wage payments

PH central bank pushes for digital wage payments

DBS launches multi-currency commercial debit card

Businesses can lock in rates 1 year in advance.