Philippines

Net interest income hit $8.24b and non-interest income rose to $1.69b.

The two lenders will jointly explore collaboration in personal and motorcycle loans.

Deutsche Bank has named chief country officer Michael Chua to lead its Manila branch. In this role, he will spearhead a team to deliver corporate banking solutions for international and local clients doing business in the Philippines.  

Systemwide non-performing loans rose sharply by 22.5% in January.

Lending growth fell to an eight-year low in May.

The move aims to boost financial inclusion in the country.

It will cover various services such as multi-channel loan applications, credit assessment, and loan disbursements.

Lenders are offering digital loans for farmers, a 10-minute paperless account opening process, and money transfers through mobile numbers.

Corporates, which account for 76% of loans, have strong debt-servicing abilities.

It is available in the Philippines and will be launched in Thailand later.

It offers 2.5% interest rate on savings.

Strong gains from trading and lending pushed up earnings.

The platform has attracted millennials, housewives, and overseas workers that have been investing as low as $96 at 8-30% per annum.

SMEs, corporates and households saw tighter credit access.

The use of Vocalink will extend InstaPay’s reach to include government and commercial payments.

He will share his insights on how digitalisation can transform consumer banking.