Retail Banking

GoTyme Bank launches multi-currency time deposit with $1 minimum

The Philippine-based digital bank promises interest rates between 3% to 3.5%.

GoTyme Bank launches multi-currency time deposit with $1 minimum

The Philippine-based digital bank promises interest rates between 3% to 3.5%.

Top banks’ assets expanded 5.1% in 2023

HSBC is a top performer, whilst China Merchant’s Bank saw fees decline.

Bank of Queensland’s tech bet leaves operating performance to chance

The bank may achieve savings— or leave its operating performance structurally weaker.

Korea’s USD deposits decline in April amidst weakening won

Companies reportedly withdrew part of their US dollar deposits.

Japanese banks’ total assets total $9.12b in March

Deposits in domestic branches were at $6.32t as of end March 2024.

APAC’s top bankers sound alarm over impact of rising living costs

CEOs are optimistic yet cautious, but tout banks’ resilience.

Australian banks’ dividends to stay flat amidst cash earning pressures

The higher payouts in H1 were to establish shareholders’ confidence, S&P said.

Maybank’s net income up 9.8% to RM2.49b in Q1

Non-interest income jumped 79.2% and lifted operating income for the quarter.

UOB poised to benefit from growth of SEA's mass affluent segment

UOB has woven partnerships with privilege banking to appeal to the segment.

Norinchukin Bank’s profits up 24% to $405.7m for FY2023

Net gains from sales of securities jumped over 800% over the period.

Japan’s Norinchukin Bank proposes changes to board

One auditor, Masaki Ogata, is retiring on 21 June.

APAC’s Top 20 banks' combined revenue up 4.3% in 2023

Japanese banks were the biggest winners whilst Chinese banks’ total revenue dipped.

Korea’s Shinhan Card likely to maintain stable capital and liquidity

However, asset quality and profitability are expected to weaken, says Moody’s.

Japan’s Chugoku Bank maintains strong liquidity despite weak loans

Higher interest rates will help improve profitability, Moody’s said.

Citi Commercial Bank Indonesia appoints Edwin Pribadi as its head

Pribadi returns to Citi after spending a decade with OCBC Indonesia.

Public Bank’s net profits down 3.5% to $351.94m in Q1

Total loans and deposits grew in Q1 compared to Q4 2023.