Retail Banking

SCB X profits weighed by high credit costs, weakening asset quality

The bank will benefit from the interest rate hike, but peak by Q4 and gradually decline after.

SCB X profits weighed by high credit costs, weakening asset quality

The bank will benefit from the interest rate hike, but peak by Q4 and gradually decline after.

KBANK net profit up 7% in Q3, but low dividends raise concerns: analysts

A substantial growth in net income helped drive up profits for the quarter.

How can financial institutions build customer loyalty in the modern era?

It’s no longer just about giving perks, but about offering experiences, industry leaders said.

Mizuho launching universal bank in Europe, to close offices in 4 cities

The new bank will be based in Amsterdam, with offices in Frankfurt, Madrid, and Paris.

South Korean banks’ deposits up US$19.9b in September

Transferable deposits rose substantially, whilst time deposits fell.

Ensuring Operational Resilience (OR) in Japan

Initiatives from BCM (Business Continuity Management) to OR.

Citigroup’s net income rises 2% to $3.5b in Q3

Revenue was 9% higher at $20.1b during the quarter.

Mizuho Bank unveils progress report for business improvement plan

It is also in the process of reforming company culture through a new corporate identity.

PH digital bank CEOs tout marketing, mindset, partnerships to disrupt banking

They made use of their old payments model and partnerships to scale operations.

BPI eyes shifting branch agent role from transactions to advisory: exec

President and CEO TG Limcaoco said that BPI wants their branch agents to spend 70% of their time offering advice to clients.

How tech disruption, branding innovation are shaping the future of finance: analysts

The afternoon sessions of ABF Summit 2023 saw analysts and bankers explore why tech and marketing are important to financial institutions.

Regulatory caps on neobanks’ operations could stifle growth, expert warns

Despite questions arising from the recent rise of deposit caps in neobanks, incumbent banks are left unfazed.

Singapore probing banks’ involvement in $1.75b money laundering scandal: report

MAS says it's "too early to tell" if FIs involved adhered to ML requirements or not.

ANZ pays A$15m fine for excessive credit card advance fees

ANZ reportedly breached the ASIC Act and the National Consumer Credit Protection Act.

Thailand’s TMB Thanachart Bank to see higher profits in Q3

Net profit is expected to come at around $117.5m, 14% higher than a year ago.