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Visa enables use of cards to pay in Cebu, Mandaue modern jeepneys
Visa enables use of cards to pay in Cebu, Mandaue modern jeepneys
Commuters visiting the two Philippine cities can pay with their Visa cards in 140 modern jeepneys.
Korean banks’ total capital ratio rises to 15.76% in Q2
CET1 ratio rose 0.18ppt to 13.18% over the same period.
South Korea unveils new credit blocking program against phishing scams
Voice phishing scams reportedly amounted to over $146m in 2023.
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.
SMBC names Atul Bhuchar as APAC head of transaction banking product
Bhuchar joins from Partior, a JV by Temasek, DBS, JP Morgan and StanChart.
CIMB launches green loan for SMEs
They can receive rebates of up to 0.4% depending on their targets.
Malaysia’s central bank fines Bank of China for unapproved system relocation
The bank reportedly failed to obtain approval before relocating the systems.
HSBC’s net profit down 2% to $17.7b in H1; dividend is $0.10
Gains from the sale of its Canada and France businesses were offset by impairments.
MUFG invests $338.5m in India’s DMI Finance
DMI Finance has provided loans to 15.2 million customers in India as of March 2024.
MariBank touts dual retail-SME focus, leverages Shopee ties to scale growth
It seeks to disprove doubters of digital banking, which has struggled to live up to the hype.
Evolving digital strategies boost brand equity and revenue
Precise targeting is essential for maintaining long-term brand equity.
Blockchain enhances liquidity in private and alternative investments
Blockchain makes private investments more accessible and boosts financial inclusion.
Chinese banks’ assets, profits expand in Q2
Assets of large commercial banks expanded 7.9% during the quarter.
South Korean banks’ net income down 11% in H1
Interest income grew but net interest margin (NIM) dipped.
Bank of East Asia logs HK$2.1b profit for H1
Ongoing commercial real estate (CRE) concerns led to the 19.9% decline.
Millennials, Gen Z embrace investing earlier than older gen
Financial security and family support are their top goals in investing.
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