News

Bank of China (Hong Kong) adjusts HKD prime rate to 5.875%

Bank of China (Hong Kong) adjusts HKD prime rate to 5.875%

The savings deposit rate will also be adjusted to 0.875% for accounts with a $5,000 balance and above.

UOB net profit up 53% in H1; 85 cents interim dividend announced

Net profit was S$1.4b in Q2 when including the one-off Citigroup integration expenses.

StashAway, family office firm to offer clients with more investment options

ACP clients can invest in private equity managers such as KKR, SilverLake, and Khosla Ventures.

BigPay revamps mobile application interface

The redesign now features a floating navigation bar.

South Korean banks to maintain eased lending stance in Q3: report

There are less banks who will ease their lending stance compared to Q2 and Q1, however

Malaysia’s Public Bank extended $2.6b 'affordable home' loans in 2022

The bank has given out RM67b in commercial loans to Malaysian SMEs.

Exceptional banks and financial institutions recognised at Asian Banking & Finance Awards 2023

Industry players across the region gathered in Singapore to celebrate their wins at the Wholesale Banking Awards, Retail Banking Awards, and Corporate and Investment Banking Awards

Chart of the Week: 1 in 3 online transaction in Australia use alt payments

The e-commerce market will be worth $51b in 2023, according to GlobalData.

Mizuho Bank highlights innovation in new corporate tagline

It comes after the Japanese megabank launches its new medium-term business plan.

Thai regulator warns of weakening debt serviceability, bond market 

Slower-than-expected income recovery and rising cost of living are hitting households.

GoTyme makes a splash in digital banking in the Philippines

Co-CEO Albert Tinio shares how mobile apps, digital kiosks and partnership with Robinson Group aided GoTyme Bank’s successful entry into the market.

Public Bank enhances security measures against scams

This warning goes on the back of a recent social media scam that promoted small-interest loans.

Bangkok Bank’s net profits surge by 52.2% in H1

This follows after a 36% increase in the bank’s net interest income during the period.

OCBC establishes chief sustainability role, nominated Mike Ng

Mike Ng will assume the group CSO position on 1 August. 

Busan Bank’s earnings to decline in medium term: Moody’s

Profits will decline due to a modest narrowing of net interest margins to 2% in 2023.

Korea’s Kyongnam Bank face rising loan risks from SMEs, real estate financing: analyst

Profitability is expected to decline slightly, but it should maintain sufficient capital buffer.