Retail Banking
Thailand’s Krungsri net profit up 7.2% in 2023
Contributions from overseas businesses drove up loan growth and fee income.
Thailand’s Krungsri net profit up 7.2% in 2023
Contributions from overseas businesses drove up loan growth and fee income.
Banks urged to exit low-return businesses to clinch $7t value: analysts
They must also simplify business models and embrace their “tech” identity.
MUFG aims to double asset management exposure to JPY200t by 2029
The bank has outlined growth plans to grow its AM business.
China’s big four banks saw market value growth in Q4
But capital ratios and loan-to-deposit ratios declined during the year.
SMBC, Jefferies expand investment banking collaboration to EMEA
In 2023, SMBC had raised its ownership of Jefferies to 15%.
Thailand’s Krungsri teams up with Klook to elevate position in travel market
Exclusive privileges will be offered to the bank’s customers.
Weekly Global News Wrap: Citi to cut 20,000 jobs in two years; Spain’s BBVA expects higher dividend payout
And crypto firms in UK are introducing new risk assessment and profile tests ahead of stricter regulations.
Boost-RHB digital bank clinch official approval to commence operations
Boost Bank aims to pave the way for a new era of embedded finance
Philippine central bank amends policy on bounced checks
It has also reintroduced the Intraday Settlement Facility for banks.
Partnerships, carbon action, talent acquisition key for SEA banks’ in 2024: analyst
Developing new workforce capability is now a necessity given macro factors.
Mizuho introduces new medium-term targets for financed emmissions
The new targets are in the automotive and maritime transport sectors.
BPI, RBC merger approved
It will take effect on 1 January, with BPI as the surviving entity.
Bangladesh’s Dutch-Bangla Bank to face tough operating conditions in 2024: S&P
The bank should be able to maintain its satisfactory franchise, however.
BEA rebrands, upgrades digital services and bank branches
The bank has introduced artificial intelligence and fintech solutions to digitalise and automate operations.
RCBC unveils banking services in a remote Philippine island
Inhabitants of Turtle Island will now have access to RCBC’s deposit and digital payment services.
Norinchukin Bank outlook negative amidst rising unrealized losses: Moody’s
The losses should reverse in 2024 as interest rates begin to decline, the ratings agency said.
India’s commercial banks reports 17% higher net interest incomes
Banks also witnessed a 13.5% deposit growth for the quarter.
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Technology to underpin future of financial services
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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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