Retail Banking
Manufacturing, household spending weigh on KBank’s Q2 net profits
Net profit for the quarter is 6.18% lower than in Q1.
Manufacturing, household spending weigh on KBank’s Q2 net profits
Net profit for the quarter is 6.18% lower than in Q1.
Metrobank’s net income up 9.6% in Q2
The bank reported higher gross revenue and expenses for the quarter.
Philippine Business Bank’s net income is $9.02m in Q2
The SME-focused bank announced a PHP0.64 EPS for Q2.
Norinchukin’s capital raising signals support, but high rates still a problem
Unrealised losses on bonds climbed higher in Q2.
Taiwan’s virtual banks tout corporate banking and FX to reach profitability
All 3 banks reported narrower losses in 2023.
Higher interest and fees lift Japan’s SMFG to record profit for Q1
Net interest income is expected to rise by a further JPY100b.
BofA names Winnie Chen as head of APAC global payments solutions
Chen will begin her duties in September 2024.
Malaysia launches amended Money Services Business Act
It clarifies offenses and the punishment for illegal operators.
South Korea’s deposit, loan interest rates dip in June
Average interest rates for new and outstanding loans and deposits fell.
Norinchukin Bank redeeming over $4.6b of perpetual loans
The redemption is part of the bank's efforts to improve its investment portfolio.
Japan’s Norinchukin reports profit loss of $2.75b in Q1
It attributed the loss to low-yielding asset sales, part of its portfolio improvement efforts.
Higher profits propel Mizuho’s net income to 44% rise in Q1
Credit-related costs fell 28.7% during the first three months of FY2024.
India’s HDFC Bank warns against fraudulent trading platforms
Fraudsters would make fake platforms and apps showing fake returns.
HDBank’s net profit up 48.9% to $324.47, in H1
Deposits in its digital banking channels have risen five-fold in a year.
RHB announces 4 new senior appointments
Mohamad Bin Rastam Shahrom is the new group CFO.
HSBC’s profits after tax dip 2% to $17.7b in H1
The bank recognized a $1.2b impairment for the sale of its Argentina business.
Mergers and closures loom for China's 3,800 rural banks
About 70 rural banks have already undergone mergers since 2023.
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Technology to underpin future of financial services
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Banking Technology
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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