Retail Banking
PH banks’ total assets expanded 9.2% to $439.3b in 2023
Both lending and investing activity grew during the period.
PH banks’ total assets expanded 9.2% to $439.3b in 2023
Both lending and investing activity grew during the period.
CIMB Thai’s de-risking and cost optimisation pays off
Moody’s Ratings says its asset quality, profitability and liquidity is “modest”.
Citi combines in Japan, North Asia, and Australia clusters
This covers markets in East Asia, Australia, New Zealand, Hong Kong and Macau.
Share buyback, Suncorp Metway deal won’t dent ANZ’s credit profile
S&P expects the SML acquisition to be completed in mid-2024.
Chinese banks dominant whilst Japan, South Korean banks’ assets falter
Australian and Singaporean banks’ assets remained steady, S&P’s study showed.
Olea, Standard Chartered forge alliance to empower SMEs
The alliance signals a proactive effort to support SMEs by leveraging digital innovation and financial services.
Australia’s Macquarie well-capitalised despite lower profits
Net profit fell by 32% for the fiscal year ended 31 March.
HSBC names ex-Citi banker as head of global banking in Singapore
Gilbert Ng has experience in corporate finance and risk management.
Higher costs and deteriorating loans slow BRI’s profit growth
Cost of capital rose 144 basis points in Q1.
No adverse effects on NAB’s capital after billion-dollar share buyback
Its core capital ratio remains at 11.75%, well-above the target range.
OCBC completes buy of PT Commonwealth Bank Indonesia
Full integration is targeted for Q4 2024.
MAS not extending pause on DBS’ non-essential activities
DBS will still keep the 1.8x multiplier in risk weighted assets, however.
How banks should rethink pricing
It’s not just about how much customers pay but also what benefits they get.
HSBC’s profit dips to $12.7b in Q1; special dividend after Canada sale
A first interim dividend of $0.1 per share has been approved by the board.
Indonesian banks tout sound profitability and capitalisation
Only a fraction of restructured loans will become bad loans, Fitch said.
Depositors ‘flight to safety’ to benefit China Merchants Bank
Focus on wealth and deposits over loans has boosted its liquidity.
India changes criteria for small banks seeking to be universal banks
Net worth lowered, but must be profitable in the past two years.