News
Citi names Joy Cheng as head of Hong Kong commercial bank arm
Citi names Joy Cheng as head of Hong Kong commercial bank arm
Cheng brings 30 years of banking experience to the role.
Citi completes proof of concept on tokenization of private funds
It found new functionalities that could lower barrier-to-entry, Citi said.
South Korean banks’ lending to companies up in January
This was due to season factors.
South Korea’s household lending accelerates in January
However, there was a fall in housing sale transactions in the past month.
South Korea’s major banks saw average lending rate fall in January
This is the second consecutive month of decline.
Loan growth ambitions push Indian banks to ‘deposit war’
Loan growth is expected to fall in 2025 with possible intensified deposit competition.
BPI, Helios roll out solar mortgage program in the Philippines
It has a 7% interest rate and has already onboarded 100 new homeowners.
MUFG appoints Wael Al Sharif as head of GCIB for MENA
He will be responsible for overall management and development of the business.
German, Philippine central banks ink MOU for personnel training
Deutsche Bundesbank will carry out training services and advisory assistance for BSP personnel.
Mizuho Financial Group’s total capital ratio is 15.97 as of end-Dec 2023
Both Mizuho Bank and Mizuho Trust & Banking reported higher total capital ratios.
Maybank Singapore merchant terminals now accept JCB cards
JCB cards have over 156 million cardmembers worldwide.
Mizuho invests $145m into Credit Saison India
CS India has 1.2 million active loans and assets under management of $1.2b.
Siam Commercial Bank’s Mae Manee app to undergo maintenance
It will be unavailable in the early hours of 23 February and 24 February.
HDFC Bank unveils business credit cards with 55-days interest free
The cards offer up to ten times rewards points on business spends.
CBA credit losses to remain low over next two years: S&P
Share buyback will shave off reserves, but CBA should be able to remain above capital requirements.
Bank Mandiri’s loan quality improved moderately in 2023: Moody’s
Share of impaired loans were “modestly lower” compared to 2022.
DBS China secures license to underwrite debt of non-financial companies
Non-financial firms can now work with DBS to enter the world’s second largest bond market.
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