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DBS Group, Singapore’s dominant bank, has reached a new milestone with its market value surpassing SGD200 billion (US$154.8 billion) as of Monday. This achievement marks a key moment for DBS, known for being the largest bank in Singapore in terms of asset…
Profitability in the first ten months of 2021 at Julius Baer «rose significantly», according to the Swiss bank, on the back of client asset growth and improved cost efficiency. Julius Baer’s profitability rose significantly in the first ten months of 2021 on…
State-owned lender VietinBank has recorded pre-tax profits of VND13 trillion ($565.2 million) in the first six months of 2021, a year-on-year increase of 75 percent. Its ratio of non-performing loans at the end of Q2 was 1.38 percent, chairman Le Duc Tho…
This expansion to the startup’s fourth market comes after more than a year of working with Thai regulators and planning for market entry. Singapore-based Funding Societies, Southeast Asia’s largest SME digital financing platform, has rolled out its platform…
Vietnam Maritime Commercial Joint Stock Bank is set to sign an exclusive bancassurance deal with a leading but unidentified insurer worth hundreds of millions of dollars to it. It will be signed next year for 15 years with one of the three biggest insurers in…
United Overseas Bank is buying more shares in troubled Chinese mid-sized lender Hengfeng Bank with a subscription of 1.86 billion shares for a sum of 1.86 billion yuan (S$360.4 million). The purchase comes as part of a capital-increase exercise undertaken by…
Indonesia, forecast to grow at 5 percent in 2020, offers growth potential for Bangkok Bank, which is looking for a new market in the region. Bangkok Bank is said to have emerged as the frontrunner for Bank Permata, Standard Chartered’s Indonesia bank, citing…
Lender Citibank Indonesia expects to book single-digit loan growth next year although it believes lending will pick up speed in the second half of 2017, the company’s top management said on Wednesday. “For Citibank, we expect single-digit [lending growth]. It…
