Retail Banking
Asset quality of South Korea’s big banks to remain supported as interest rate rise
But bad loans are expected to rise moderately.
Asset quality of South Korea’s big banks to remain supported as interest rate rise
But bad loans are expected to rise moderately.
Salaries soar as Hong Kong banks engage in poaching war to hire & retain talent
HSBC saw its headcount fall to 20,500 in just two years as part of its restructuring.
India’s Yes Bank improves credit profile following $1.1b equity capital raise
The billion dollar capital raising will strengthen resilience against asset quality risks.
APAC banks credit losses surge to $865m by 2023: S&P
Credit losses will surpass $400b for 2022 and 2023, respectively.
Citi unveils Sustainable Time Deposit solution in APAC
It will fund environmental and social projects such as water and sanitation infrastructure.
Higher rates to raise Asian bank’s net interest margins, but risks may intensify
Asset quality will not significantly deteriorate, but banks face risks if US rate hikes are larger than expected.
Thailand plays catch up with global green finance goals
Banks are calling for legislators to impose carbon tax and a common taxonomy of goals.
Weekly Global News Wrap: Depositors hit by China’s banking fiasco to be repaid; HSBC pays £1500 to staff to help with living costs
And India’s Yes Bank is selling up to a 10% stake for $1.1b.
Citi completes sale of Philippine consumer business to UnionBank
The sale includes the transfer of 1,540 staff to the Philippine bank.
Sumitomo Mitsui Financial Group posts strong Q1 profits
Profit growth was thanks to loan growth and fee income growth.
DBS names Lim Chu Chong as president director of DBS Indonesia
Lim is currently the COO of DBS’ Institutional Banking Group.
Citi names C.R. Sambamurthy as Asia head of Citigold
Sambamurthy has a 34-year career with Citi prior to his new role.
Weekly Global News Wrap: HSBC sells Russia business to Expobank; Julius Baer to freeze hiring
And HSBC’s UK unit plans to stop collecting gender data as part of inclusivity push.
Taiwan banks’ profits flat in 2023
Bottom lines are expected to remain flat in the same year.
ING Bank begin discontinuing retail product services in the Philippines
The bank’s app will be decommissioned by the end of 2022.
Volt Bank returns deposits to customers after announced closure
The bank struggled to raise enough funds to sustain its business.
Techcombank reports 22.3% surge in before tax profits in H1
Total operating income reached $900m for the first half of the year.
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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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