Retail Banking

SMBC appoints ex-Credit Suisse China CEO as new APAC managing director

Carsten Stoehr will join SMBC on 19 February after 25 years in Credit Suisse.

SMBC appoints ex-Credit Suisse China CEO as new APAC managing director

Carsten Stoehr will join SMBC on 19 February after 25 years in Credit Suisse.

Citi Korea to enjoy strong capitalisation, stable credit profile through 2025: Moody’s

The bank’s winding down of its consumer banking business is a positive.

Citi names Luke Lu as head of banking in China

He will oversee all of Citi’s business and operations in China.

Bangkok Bank enables remote account identity verification through Boonterm kiosks

Customers need only a smart Citizen ID card and their reference code from the app.

Thailand banks’ profits underperform in Q4

Thai banks are expected to see THB130b in new bad loans in Q1, UOBKH warns. 

Hong Kong banks should play ‘long con’ to reap 2025 growth benefits

2024 is expected to be challenging for Hong Kong banks, KPMG reports.

Higher loan demand, low credit losses spell better year for PH banks

Philippines’ digital banks will continue to make losses due to weak asset quality.

Thailand’s KBank targets 5% loan growth in 2024 under ‘3+1’ strategy

The bank is scaling up its wealth advisory business to grow fee income.

SMBC’s Indonesian arm begins offering ESG deposit product

BTPN will earmark deposits made under this for financing in the ESG field.

Thailand’s KBank unlikely to meet credit cost normalisation target: analysts

Credit costs are expected to remain at a high level in 2024.

DBS, OCBC to log higher net profits, muted loan growth for Q4: analyst

DBS may hike its quarterly dividend by 6 cents to return surplus capital.

Bangkok Bank sees net profit rise 42.1% to $1.16b in 2023

Net interest income rose, but fees and service income decreased.

India’s ICICI Bank to maintain healthy earnings in the near term

Credit growth is expected to remain strong, at between 17% to 20%.

Thailand’s SCBX sees net profit rise 15.9% to $1.22b in 2023

Cost-to-income ratio decreased to 42% from 45.2% in 2022.

OCBC appoints ex-SMBC bankers as new China corporate banking head

Seth Tan brings over 27 years of experience into the role.

Thailand’s Krungsri net profit up 7.2% in 2023

Contributions from overseas businesses drove up loan growth and fee income.

Banks urged to exit low-return businesses to clinch $7t value: analysts

They must also simplify business models and embrace their “tech” identity.