Retail Banking
Hong Kong’s BEA expected to withstand asset quality strain in 2024: analyst
BEA’s reduced exposure to China’s commercial real estate sector is a positive.
Hong Kong’s BEA expected to withstand asset quality strain in 2024: analyst
BEA’s reduced exposure to China’s commercial real estate sector is a positive.
Mizuho appoints Hidekatsu Take as deputy president
He joins group CEO Masahiro Kihara as representative executive officer of MFG.
HSBC profit before tax is $30.3b in 2023
But the bank also had a $3b impairment charge related to the Bank of Communications.
Hong Kong’s BEA reports 5.5% lower profit in 2023
Basic earnings per share is HK$1.32, unchanged from a year ago.
Weekly Global News Wrap: HSBC gets approval to sell Russia unit; Chinese banks approve $17b property loans
And China cuts 25 basis points to five-year loan prime rate (LPR).
UOB hit record S$6.1b net profit; final dividend is 85 cents per share
Higher credit card and wealth management fees pushed fee income growth in 2023.
UOB giving out extra one-off bonus to 6,000 junior employees
This is to help them cope with rising costs of living.
Hang Seng profits up 58% to $2.28b in 2023; Dividend is HK$6.5 per share
A fourth interim dividend is HK$3.2 per share.
Judo Bank poised for growth over next two years
Strong margins, rising lending assets will push it to expand.
Standard Chartered names Jacob Berman as Australia CEO
Berman first joined SC in 2012 and has worked in Singapore and Dubai.
Mizuho designates US intermediate holding company
It is required under the US Federal Reserve Board’s Regulation YY.
Mizuho Bank acquires all shares in pension subsidiary
DPCS operates a call center and online services offering defined contribution pension plans.
Citi names Joy Cheng as head of Hong Kong commercial bank arm
Cheng brings 30 years of banking experience to the role.
UBC Chairman Nirvana Chaudhary aims for Top 5 spot in Sri Lanka’s banking sector
He says collaborations are key to driving the Union Bank of Colombo to the top.
Loan growth ambitions push Indian banks to ‘deposit war’
Loan growth is expected to fall in 2025 with possible intensified deposit competition.
Mizuho Financial Group’s total capital ratio is 15.97 as of end-Dec 2023
Both Mizuho Bank and Mizuho Trust & Banking reported higher total capital ratios.
Siam Commercial Bank’s Mae Manee app to undergo maintenance
It will be unavailable in the early hours of 23 February and 24 February.
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