Retail Banking

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.

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. 

MUFG aims to double asset management exposure to JPY200t by 2029

The bank has outlined growth plans to grow its AM business.

China’s big four banks saw market value growth in Q4

But capital ratios and loan-to-deposit ratios declined during the year.

SMBC, Jefferies expand investment banking collaboration to EMEA

In 2023, SMBC had raised its ownership of Jefferies to 15%.

Thailand’s Krungsri teams up with Klook to elevate position in travel market

Exclusive privileges will be offered to the bank’s customers.

Weekly Global News Wrap: Citi to cut 20,000 jobs in two years; Spain’s BBVA expects higher dividend payout

And crypto firms in UK are introducing new risk assessment and profile tests ahead of stricter regulations.

Boost-RHB digital bank clinch official approval to commence operations

Boost Bank aims to pave the way for a new era of embedded finance

Philippine central bank amends policy on bounced checks

It has also reintroduced the Intraday Settlement Facility for banks.

Partnerships, carbon action, talent acquisition key for SEA banks’ in 2024: analyst

Developing new workforce capability is now a necessity given macro factors.

Mizuho introduces new medium-term targets for financed emmissions

The new targets are in the automotive and maritime transport sectors.

BPI, RBC merger approved

It will take effect on 1 January, with BPI as the surviving entity.