News

Corporate banks ramp up data analytics to boost customer acquisition

They also plan to use data and analytics to assess productivity of relationship managers.

Value of CBDC payments to reach $213b annually by 2030: study

Adoption will be driven by governments boosting financial inclusion.

Japan bank lending up 3.3% in February

Average outstanding amount totalled JPY598.9t for the month.

NIM, higher expenses drag on Malaysian banks’ earnings growth in 2023

Mid- to high-single digit NIM compression will offset loan growth, an analyst said.

Security Bank face higher funding costs, lower margins in 2023

Loan growth is expected to fall by 9% year-on-year.

ING closes Ant Group’s $400m sustainability-linked derivative

Ant Group will receive rebates from ING when it achieves its sustainability targets.

South Korean bank deposits up by KRW22.3t in February

Transferable deposits rose by KRW21.4t during the month.

China reopening to lift Hong Kong banks’ earnings: Fitch

Fitch Ratings expect higher net interest income and NIM. 

UOB prices A$1.5b dual tranche 3-year senior unsecured bond

The notes are expected to be issued on 16 March 2023.

Weekly Global News Wrap: Nomura cuts entertainment budget; crypto bank Silvergate closes down

And Bank of America CEO says he and the bank are “capitalist” as anti-ESG critics gain steam.

Credit Suisse clinches approval to launch wealth business in China: report

The Swiss bank is pushing to roll out its wealth business by the first half of 2023.

DBS CEO Piyush Gupta earned 13.3% more in 2022

Gupta’s salary is S$1.5m in 2022, up from S$1.2m in 2021.