Retail Banking

GXS Bank names former SGX president as group CEO

Since stepping down in 2019, Muthukrishan Ramaswami has served on the boards of GovTech Singapore and Temus.

GXS Bank names former SGX president as group CEO

Since stepping down in 2019, Muthukrishan Ramaswami has served on the boards of GovTech Singapore and Temus.

Techcombank reports profit before tax of $1.09b in 2022

Net interest income grew 13.5% during the year.

UnionBank net income up 12% to $233.59m in 2022

Revenue hit a record high, whilst consumer loans rose after acquiring Citi’s assets.

Thailand's KBank targets 5-7% loan growth in 2023

Thailand's economy will recover unevenly, varying across different businesses, KBank's CEO noted.

High inflation, interest rates may increase Southeast Asian banks’ loan problems

Both asset quality and profits will weaken but should be manageable, says Moody’s.

Better rates, lower fees not enough for digital banks to make a profit: analyst

Those who can tap into their parents’ customer base have the best chance of success.

India’s Yes Bank saw profit drop 80% in Q4 2022: report

The bank aims to recover INR10b in the current quarter, its chief executive said.

Economic growth to cushion rising risks faced by ASEAN banks

Tightening of interest rate cycles in 2023 will weaken asset quality, says Fitch.

China’s big four banks $550m short of meeting loss provision

Expect a flurry of senior non-preferred issuance bonds from the lenders.

Mizuho Bank inks MOU with Morocco’s Attijariwafa Bank for ESG collaboration

It expands their earlier business cooperation MOU signed in August 2019.

SMBC terminates capital alliance with Vietnam Eximbank

It will liquidate its entire equity ownership in the bank.

India’s HDFC Bank net profit up 18.3% in Q4

Net interest income and fee income rose to INR6,052.6 crore during the quarter..

Bank of Thailand issues consultation paper on virtual bank licensing

BOT is inviting comments and suggestions on the proposed framework by 12 February.

Indonesia’s Bank Danamon expected to hit $245m profits in 2023: analyst

Synergy with parent company MUFG will help grow its corporate and SME loans.

Robinsons Retail to buy 4.4% stake in BPI

Robinsons Retail will purchase 4.4% interest in the Bank of the Philippine Islands.