Retail Banking
Thai banks’ credit costs rise as tech difficulties, bad loans pile up
Despite their targets to decrease costs, three banks saw them rise instead.
Thai banks’ credit costs rise as tech difficulties, bad loans pile up
Despite their targets to decrease costs, three banks saw them rise instead.
Commercial property woes weigh on Hong Kong banks
But receding risks in mainland China properties will help offset impact, says Fitch.
SMBC appoints ex-Credit Suisse China CEO as new APAC managing director
Carsten Stoehr will join SMBC on 19 February after 25 years in Credit Suisse.
Citi Korea to enjoy strong capitalisation, stable credit profile through 2025: Moody’s
The bank’s winding down of its consumer banking business is a positive.
Citi names Luke Lu as head of banking in China
He will oversee all of Citi’s business and operations in China.
Bangkok Bank enables remote account identity verification through Boonterm kiosks
Customers need only a smart Citizen ID card and their reference code from the app.
Thailand banks’ profits underperform in Q4
Thai banks are expected to see THB130b in new bad loans in Q1, UOBKH warns.
Hong Kong banks should play ‘long con’ to reap 2025 growth benefits
2024 is expected to be challenging for Hong Kong banks, KPMG reports.
Higher loan demand, low credit losses spell better year for PH banks
Philippines’ digital banks will continue to make losses due to weak asset quality.
Thailand’s KBank targets 5% loan growth in 2024 under ‘3+1’ strategy
The bank is scaling up its wealth advisory business to grow fee income.
SMBC’s Indonesian arm begins offering ESG deposit product
BTPN will earmark deposits made under this for financing in the ESG field.
Thailand’s KBank unlikely to meet credit cost normalisation target: analysts
Credit costs are expected to remain at a high level in 2024.
DBS, OCBC to log higher net profits, muted loan growth for Q4: analyst
DBS may hike its quarterly dividend by 6 cents to return surplus capital.
Bangkok Bank sees net profit rise 42.1% to $1.16b in 2023
Net interest income rose, but fees and service income decreased.
India’s ICICI Bank to maintain healthy earnings in the near term
Credit growth is expected to remain strong, at between 17% to 20%.
Thailand’s SCBX sees net profit rise 15.9% to $1.22b in 2023
Cost-to-income ratio decreased to 42% from 45.2% in 2022.
OCBC appoints ex-SMBC bankers as new China corporate banking head
Seth Tan brings over 27 years of experience into the role.
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Banks should boost their online infrastructure as digital assets become the norm.
Banks should boost their online infrastructure as digital assets become the norm.
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