Retail Banking
SG’s Maribank names ex-Trust Bank exec as new CEO
Natalia Goh takes over from Zheng Yudong, who will remain an advisor.
SG’s Maribank names ex-Trust Bank exec as new CEO
Natalia Goh takes over from Zheng Yudong, who will remain an advisor.
Banks to log $82b losses in 2024: S&P
This is due to credit costs normalisation and not asset problems.
Agent Banking's impact on financial inclusion in Bangladesh
Agent banking has a transformative role in bridging the financial inclusion gap in Bangladesh.
H2 rate cuts likely to boost Indonesian banks’ earnings
A rate cut cycle often leads to banks’ earnings accelerating.
Lower costs, new lending buoy Yes Bank’s improving profits
New lending will help it meet rules, and in turn reduce operating expenses.
South Korea’s household loans up 0.5% in H1
The outstanding balance of all household loans is KRW4.4t as of June 2024.
South Korea names 10 domestic systemically important banks for 2025
They are required to log a 1% additional capital surcharge in 2025.
How GoTyme kiosks transformed grocery stores into banking hubs
The digital bank onboarded two-thirds of its 3.4 million users through supermarket kiosks.
CIMB teams up with DHL to mitigate 20% of air shipments’ carbon emissions
CIMB will roll out the programme in its Malaysia and Singapore operations.
Norinchukin’s planned foreign bond divestment will hurt profits
The bank has about $13.63b (JPY2.25) in unrealized losses.
Citi ceasing operations in Haiti
The bank said that it will voluntarily surrender its banking license.
Hong Kong banks ramped up hiring but investment bankers laid off
Trade and private bankers are most in demand, although banks are cautious.
Siam Commercial Bank kickstarts 4-year journey to revamp core banking system
It has inked a MOU with Sunline to become a full-fledged digital bank entity.
CIMB SGoffers up to 3.88% limited-time rate for new business customers
The offer is valid until 31 August 2024.
APAC banks face 2.5 million shortage of skilled cyberstaff
Banks may not have the right people in-house to mitigate them.
China faces decade-long clean-up of embattled rural banks
Expect more mergers and consolidations, and even some closures, S&P says.
SCB’s Easy and Mae Manee apps temporarily unavailable on select dates
SCB is upgrading its Easy App.
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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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