Retail Banking
Citi appoints Lin Hai as head of China commercial bank business
Lin was most recently head of corporate sales & solutions for China and HK.
Citi appoints Lin Hai as head of China commercial bank business
Lin was most recently head of corporate sales & solutions for China and HK.
Mizuho names new deputy group chief information officers
The appointments are effective 1 April.
Japan’s SMFG names new deputy presidents and executive officers
Kanamaru and Koike were both senior managing corporate executive officers.
Japan’s Daishi Hokuetsu Bank faces weak profits, high interest rate risks: Moody’s
Its problem loan ratio deteriorated to 2.23% in a three-year period.
Weekly Global News Wrap: US banks’ profits down 40%; NYCB loses $5b in deposits
And Greece’s biggest lender optimistic profits will grow through 2026.
India’s HDFC Bank penalised by state tax officer of Gujarat
This is due to “disallowance of input tax credit” under section 73 of the CGST Act.
Thailand publishes rules for virtual bank license applications
Applications begin on 20 March until 19 September 2024.
Public Bank net profits up 8.7% in 2023; 10 sen interim dividend proposed
Total dividend is 19 sen per share for 2023, to be paid out on 22 March.
Indian commercial banks’ bad loans declined by 21.1% in 2023: analyst
Net non-performing assets dropped to a record low in Q3 FY2024.
Expected gov’t support to prop up the Industrial Bank of Korea’s solvency: analyst
Exposure to the property sector remains small and does not pose material risk.
Hong Kong’s total loans, deposits fall in January
This reflects fund outflows from corporates, says the Hong Kong Monetary Authority.
RHB Bank net profit rise in 2023; net credit costs to rise in 2024
Net interest margin is expected to be “flattish” in 2024 at 1.9%.
South Korea’s interest rates for new deposits, loans fall in January
Average interest rate for new loans taken by large firms dropped 12 basis points.
Japan banks’ domestic assets at $9.4t in January
Banks hold an additional US$1.6t of assets in their overseas branches.
CIMB net profit up 28.3% in 2024; special dividend proposed
The 7 sen special dividend is separate from the annual dividend of 36 sen per share.
Transition and Opportunity: Southeast Asia’s Share of US$7 Trillion Value
Banks globally are at the fulcrum of a changing world and face a dramatic need to refresh and reposition to address falling valuations whilst meeting...
Maybank’s full year net profits up 17.5% to $1.96b
The total dividend of 60 sen per share is its highest post-pandemic.
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Why Philippine banks, insurers embrace hyper-personalized services
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Industry experts push for the rapid progress of unified customer data as a starting point.
Industry experts push for the rapid progress of unified customer data as a starting point.
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