News

Bank Negara Indonesia to lodge 7% net profit growth in 2024

UOBKH slashed the bank’s profit and NIM estimates, however.

Malaysia unveils policy for the disposal and purchase of impaired loans

The policy aims to provide a larger pool of buyers for the market, the central bank said.

Nomura Holdings amends securities and financial reports

The amendments correct classification errors in its cash flow statements.

Fintech venture investments in Asia to hit $548b in 2028

In 2023, Asian fintechs have clinched $369b in investments.

Property and transport loans drag down Public Bank HK’s profits

Minibus and taxi licenses made up over 40% of PBHK’s loans.

APAC lenders turn picky amidst trade disputes

China, Australia, New Zealand, and South Korea may be most impacted.

Mizuho appoints Yuta Hayashi as new group executive officer

Hayashi is also now the managing executive officer of Mizuho Bank.

APAC banks face potential impact from falling property prices

China’s declining property sales and home prices signal weakened confidence.

Financial firms to raise gen AI spending as they seek growth benefits

Despite hype, gen AI spending is low in 2023, at around $400,000 at its highest.

Planned merger broadens TCL’s diversity, auto-market exposure

Underwriting criteria may be tightened to combat integration risks.

Fintech Paywatch secures $30m in series A funding round

Vanderbilt University and Third Prime led the investment round.

Taiwan’s CTBC Bank unveils new private banking platform

The bank will use the new platform to offer products and services to Hong Kong in Singapore.

Citi names HSBC banker as head of corporate banking in Hong Kong

Matthew Hung is head of corporate coverage for HSBC’s operations in the city.

Union Bank of India enjoys stablising earnings, improving asset quality

The bank’s recently announced fund raising will provide capital growth, says S&P.