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She takes over Paul Macpherson, Chief Information Officer, CPBB since 2018, who will be leaving to pursue opportunities outside the bank. Standard Chartered has appointed Anshu Sharma Raja as chief information officer, Consumer, Private & Business Banking…
HSBC has agreed to sell its French retail bank to Cerberus-backed My Money Group, furthering the British lender’s non-Asia retreat. HSBC has agreed to sell its French retail bank to the Paris-based banking group in a deal that includes 244 branches, 3,900…
Analysts believe that the banking sector will be able to maintain its earnings potential this year, as margin pressure is expected to ease and continued loans growth with stable asset quality. MIDF Research said while the industry’s loans growth moderated to…
CIMB Group Holdings Bhd is finally completing its operating footprint in Asean with the launch of its banking presence in the Philippines. It has received regulatory approval from the Securities and Exchange Commission of the Philippines for its investment…
Banks have hiked deposit interest rates by 0.1-0.5 percentage points as the country’s spending demand surges prior to Tet. Private lender Asia Commercial Bank last Friday introduced a new interest schedule with an increase of 0.2-0.3 percentage points in…
While profit across the banking sector grew by an estimated 40 percent last year, VietinBank, LienVietPostBank and SaigonBank have reported steep declines. The biggest surprise came from state-owned VietinBank, the country’s second biggest lender by assets,…
Commercial banks have adjusted their service fees to individual customers since beginning of the year in order to focus on the retail segment. For money transfer services in the same banking system, some commercial banks, such as VIB, VietinBank and…
Maybank has introduced its mobile banking app in Cambodia as part of efforts to strengthen its presence in the country. The app is the first in Cambodia to offer augmented reality and a QR code reader. A similar app was launched in Malaysia in 2014. Maybank…
DBS launched a “mobile-only bank” and said it aims to garner 5 million customers and a deposit base of Rs50,000 crore over the next five years On Tuesday, DBS launched a “mobile-only bank” and said it aims to garner 5 million customers and a deposit base of…
Publicly traded lender PT. Bank Negara Indonesia Persero Tbk reported Rp2.9 trillion in net profit in the first quarter of this year up 5.5 percent year-on-year. The profit was attributable mainly to net interest income especially interest on infrastructure…
Maybank is planning to “aggressively expand” its retail small and medium enterprises (RSME) financing across Singapore and the region, it said on Monday. The bank will be lending money to more businesses with revenues of up to $20 million, termed “retail…
HSBC, the largest bank in Europe and Hong Kong, is planning to expand its retail banking business in China’s Guangdong province in the coming years, with credit cards. securities trading and residential mortgage business in the pipeline, said Asia-Pacific…
Singapore’s OCBC Bank has launched a new mobile banking app designed for the Apple Watch. With the app, users can have instant access to their personal banking information, including the full list of their balances – bank accounts, cards and investments,…
Collaboration between CIMB and Tesco Stores (Malaysia) Sdn Bhd today, the group’s CEO of group consumer banking Renzo Viegas told pressmen that while the current marketplace remains tough for business, the mass affluent community will still continue to…
Maldives central bank on Thursday lamented the decision by Banking giant Hong Kong and Shanghai Banking Corporation (HSBC) to cease retail banking in the Maldives from April. Speaking at the parliamentary finance committee governor Azeema Adam insisted that…
PT Bank Rakyat Indonesia Tbk. made a net profit of Rp25.2 trillion in 2015, representing a 4.5 percent growth from Rp24.2 trillion it made in the previous year. “The growth is driven by an increase in the interest income that reached Rp82.2 trillion,…
