Retail Banking
Hang Seng bank declares third interim dividend of HK$1.2 per share
Hang Seng bank declares third interim dividend of HK$1.2 per share
The payment date is on 12 November 2024.
China property sector bailout to hit banks’ asset quality, solvency
Solving the issue of heightened inventory may cost 2.6% of China’s GDP.
Taiwanese banks face potential revenue drop in 2025
Fee income will be supported by loan growth and reshoring activities.
Techcombank eyes more business clients with southern expansion
Vietnam’s fourth-largest bank by assets seeks to expand in Ho Chi Minh City and surrounding regions.
Korean financial holding companies see higher net income in H1
The insurance sector buoyed the increase as income from banking and financial investments fell.
Malaysian central bank warns against three unauthorized financial entities
One of them is a potential clone entity.
China push to stimulate consumption may need more time
For banks, the lower mortgage rates could hurt profits in the short term.
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.
Philippine banks anticipate loan growth, steady NPL outlook
Most foreign and large banks anticipate their NPL ratios to be below 5%.
Thai banks to reduce credit costs towards Q4: analyst
Earnings rise of 2% on average expected for Q3.
Typhoon debt relief to squeeze Vietnamese banks profitability
It will delay the formation of bad loans.
Hong Kong banks can handle CRE risks: analyst
They’ve been implementing measures to lower China-related property exposures.
ZA Bank unveils foreign exchange time deposit
Users can access it via the deposit page in the ZA Bank app.
Technology to underpin future of financial services
Banks should boost their online infrastructure as digital assets become the norm.
Weekly Global News Wrap: Germany won't sell Commerzbank stake; BNP Paribas buys HSBC’s Germany unit
And California Bank & Trust is acquiring $730m in deposits from FirstBank.
Thailand received 5 applications for virtual bank licenses
It expects to announce the list of successful applicants by mid-2025.
MUFG Bank fined $1.75m for info management lapses
Sister firm MUMSS was separately fined $1.4m.