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In the latest trading session, Singapore’s three major banks, DBS, OCBC, and UOB, all witnessed record high closures. Spearheading gains on the Straits Times Index, OCBC saw a 3.3% rise, closing at S$26.34 (US$20.39). UOB climbed 2.9% to S$41.69, and DBS…
Jorge Rubio Nava, Global Head of Citi Social Finance, recently outlined Citi’s global role in social finance and the prospects for growth in Vietnam and throughout Asia. Citi’s Impact in Social Finance Since its establishment in 2005, Citi Social Finance has…
DBS Group, the largest bank in Southeast Asia in terms of assets, recently completed a pioneering synthetic securitization transaction. This transaction, which is tied to a corporate loan portfolio worth $1 billion, marks the first of its kind to be carried…
Beginning in October, Singapore will permit foreign central banks and sovereign entities to store their gold reserves within its borders. This move is aimed at reinforcing Singapore’s standing as a regional hub for gold trading and storage. The city-state’s…
The Chief Executive Officer of Singapore’s UOB, Wee Ee Cheong, experienced a decrease in his total remuneration in a year that also witnessed a fall in the company’s profit. This comes as per the bank’s annual report, which highlighted his reduced earnings.…
Former Citi veteran, Ida Liu, has been announced as the new Global CEO of HSBC Private Bank, effective from January 5, 2026. This strategic move aims to enhance the bank’s leadership among ultra-high net worth clients, bolster cross-border connectivity in…
On Tuesday, the VN-Index, Vietnam’s benchmark index, rose by 0.9% to reach 1,717.06 points. This marked the highest level it had reached since October 17. The index ended the day 15 points higher, with a total increase of over 56 points across the previous…
In a striking demonstration of caution, over 370,000 bank customers in Singapore have embraced the innovative Money Lock feature, collectively safeguarding more than $30 billion from potential scams as of June 30. This initiative, highlighted in the Singapore…
Banks operating in Hong Kong are urged to rethink their hiring practices if they aspire to attract and retain the best talent, according to insights from recruitment specialists. A recent survey by Asian Banking & Finance revealed that hiring rose by 2.5%…
Cambodia’s banking sector faces a challenging landscape as non-performing loans (NPLs) are projected to surge to between 9.5% and 10% of outstanding loans by 2026. S&P Global Ratings highlights a sluggish recovery in tourism and ongoing pressures in the real…
Weak loans in India’s banking sector are projected to climb to 3.1% by March 2026, a trend that S&P Global Ratings attributes to both ongoing economic pressures and specific vulnerabilities within certain retail lending segments. Nonetheless, the overall…
In a striking shift within South Korea’s banking landscape, deposits and household loans surged in June 2025, surpassing previous month’s figures, according to the latest data released by the Bank of Korea (BOK). This trend reflects an increasing consumer…
The retail landscape in Asia is witnessing a striking transformation as digital shopping experiences increasingly complement traditional brick-and-mortar stores. Consumers are embracing a fusion of online convenience and in-store engagement, creating a unique…
Despite the buzz surrounding the rise of virtual banks, Thailand’s existing financial institutions appear to retain a safe buffer against potential disruption, at least in the near term. Moody’s Ratings recently indicated that the new entrants, set to launch…
Malaysia’s digital banking landscape is shifting, as the nation’s new players in the sector are reassessing their approaches to deposit gathering amidst challenges in lending growth, which has turned out to be more costly and sluggish than initially…
According to Fitch Ratings, India’s banking sector is on a promising trajectory, poised for growth bolstered by enhanced asset quality, robust capital reserves, and a stable profitability outlook. As banks maneuver through the financial landscape, analysts…
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