Retail Banking

Why UNOBank champions embedded finance for growth in the Philippines

The unified banking interface is both a growth strategy and a financial inclusion effort for UnoBank. 

Why UNOBank champions embedded finance for growth in the Philippines

The unified banking interface is both a growth strategy and a financial inclusion effort for UnoBank. 

Thaioil takes up sustainable deposits, linked swaps with SCB

Funds from deposits will support projects that reduce environmental impact.

India warns against fraudsters’ posing as central bank employees

They would use fake letterheads or threaten to close bank accounts.

Korean banks’ total capital ratio rises to 15.76% in Q2

CET1 ratio rose 0.18ppt to 13.18% over the same period.

Maybank profit up 9% to MYR5.02b in H1; first interim dividend is 29 sen

This is thanks to its non-interest income growing 28.4%.

Bangkok Bank approves 2 baht dividend for H1

The dividend will be paid on 20 September.

Chinese banks’ assets, profits expand in Q2

Assets of large commercial banks expanded 7.9% during the quarter.

Bank of East Asia logs HK$2.1b profit for H1

Ongoing commercial real estate (CRE) concerns led to the 19.9% decline.

Geopolitics, elections to take APAC banks in a “bumpy ride” in H2

Financial institutions are overall well-buffed against risks.

Aussie mutual lenders may consolidate to fewer than 10: analyst

Up to 40 mutual lenders may consolidate and potentially disappear, said S&P analyst Lisa Barrett.

BOCHK warns against suspicious SMS messages

It reminded customers that it will only send messages starting with a “#”.

EastWest Bank reports $62.12m net income for H1

Its deposits and loans expanded by over 10% compared to H1 2023.

Higher loans carry RCBC’s net income to $79.87m in H1

Net interest margin rose 41 basis points to 3.71%.

Metrobank nabs ex-Citi banker as deputy head of HR

Angeles has worked for Citi, BDO, and HSBC.

PwC loses Bank of China as client: report

Bank of China plans to appoint EY as its auditor for 2024.

Indian banks’ net interest margin decline as deposit costs rise

Deposit costs rose by up to 90 basis points for some banks.