News
SMEs propel growth in Asia’s corporate banking
SMEs propel growth in Asia’s corporate banking
																					
							Asia’s CIB is projected to grow by 7% annually through 2027.
						
					
					
				GXS Bank launches credit card with flat fees and no interest
																					
							It has a limit of S$500 with a S$5 extension fee.
						
					
					
				APAC investment banking fees hit lowest nine-month period in 7 years
																					
							ECM underwriting fees hit lowest figure in over a decade.
						
					
					
				Philippine banks’ outstanding loans up 10.7% in August
																					
							Loans to residents grew whilst loans to non-residents slowed.
						
					
					
				JCB enables Google Pay payments via contactless terminals
																					
							Customers can now add their credit/debit JCB card to Google Pay.
						
					
					
				Korean financial holding companies see higher net income in H1
																					
							The insurance sector buoyed the increase as income from banking and financial investments fell.
						
					
					
				BNY names ex-HSBC banker as head of APAC corporate trust
																					
							Jamie Pratt will lead, develop, and execute BNY’s corporate trust strategy.
						
					
					
				India’s central bank names new executive director
																					
							Shri Aviral Jain will look after the legal and premises departments.
						
					
					
				Japan, Cambodia’s financial service authorities exchange letters of cooperation
																					
							They will exchange views on regulatory and supervisory practices.
						
					
					
				How commercial cards can redefine B2B payments
																					
							Over 8 in 10 bank execs believe that virtual cards improve organizational processes.
						
					
					
				Malaysian central bank warns against three unauthorized financial entities
																					
							One of them is a potential clone entity.
						
					
					
				Bank of East Asia, UDPN test stablecoin transfers via digital currency wallets
																					
							BEA was able to gain insights on CBDCs and the mechanism of stablecoins.
						
					
					
				Singapore Gulf Bank names ex-Goldman Sachs banker as CFO
																					
							Separately, SGB’s new COO joins from GIC and Sygnum.
						
					
					
				IDFC First Bank, ICICI banking platforms rated best in India: Forrester
																					
							IDFC is the top-rated platform overall whilst ICICI was best in overall experience.
						
					
					
				SCB sells food delivery platform Robinhood for over $61.3m
																					
							The buyers, led by Yip In Tsoi Group, will make an initial payment of $12.27m.
						
					
					
				Mizuho purchases non-voting minority stake in Golub Capital
																					
							Mizuho’s stake represents less than 5% in Golub Capital’s management companies.
						
					
					
				Lending by PH banks’ foreign currency deposit units declined 2.7% in Q2
																					
							Top sectors who took out loans are merchandise and service exporters, and power companies.
						
					
					
				 
								 
								 
								 
								 
								 
								 
								 
								 
								 
								 
								 
								 
								 
								 
								 
								 
								 
								 
						 
								 
						 
								 
								 
						 
						 
								 
								 
																					
											
																			 
																					
											
																			 
																					
											
																			 
																					
											
																			 
                