Retail Banking
Overseas assets of South Korean banks up 3.5% to $210.19b in 2023
Overseas assets of South Korean banks up 3.5% to $210.19b in 2023
Assets increased in Japan, the US, and the UK.
SCB says Myanmar transactions unrelated to arms trade claims
The Thai bank said that it conducted an internal investigation.
Interest rates of new deposits, loans in South Korea rise in May
However, the overall average of outstanding loans fell.
Malaysia float new req’s to lower costs of basic banking services
The central bank is inviting written feedback on the draft policy document.
Bank Negara Indonesia to lodge 7% net profit growth in 2024
UOBKH slashed the bank’s profit and NIM estimates, however.
Property and transport loans drag down Public Bank HK’s profits
Minibus and taxi licenses made up over 40% of PBHK’s loans.
Mizuho appoints Yuta Hayashi as new group executive officer
Hayashi is also now the managing executive officer of Mizuho Bank.
Union Bank of India enjoys stablising earnings, improving asset quality
The bank’s recently announced fund raising will provide capital growth, says S&P.
Basel III to improve Japanese major financial groups’ profits
However, risk-weighted assets for the four FIs are expected to rise.
Hong Kong banks’ composite interest rate falls 4bp to 2.61% in May
This was due to a decrease in weighted funding cost for deposits during the month.
Taiwan expected to keep close watch on banks’ properly loan risks
Authorities have hiked banks’ RRR to slow credit inflows and cool home prices.
Mizuho reports 60% emissions cut, allocates $195b for sustainable finance
The bank now employs 1,650 sustainability management experts.
Steady margins and higher trade gains buoy Vietnamese banks’ profits in H2
Asset quality risks are expected to remain contained, Fitch Ratings said.
Thai banks grapple with slowing exports and weak consumer sentiment
Fitch has revised its loan growth estimates to 3% from 5% previously.
Overseas Filipinos’ personal remittances up 3.1% in April
Remittances from the US, Saudi Arabia, and Singapore all grew.
Hong Kong’s ZA Bank unveils stock rebate programme
Users can also collect a big-name US stock worth up to $77.77.
Mizuho and Lombard Odier ink sustainability alliance agreement
Lombard Odier will act as a strategic advisor and consulting partner to Mizuho.
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