Cathay increases economic growth forecast to 4.2%

Cathay Financial Holding Co on March 24 raised its forecast for the nation’s economic growth this year to 4.2%, up from...

HNB celebrates excellence at inaugural WBG Conference and Awards Ceremony 2021

Hatton National Bank PLC’s (HNB) Wholesale Banking Group (WBG) hosted its inaugural WBG conference and Awards...

UOB prices Singapore’s first sustainability bond offering

UOB has priced Singapore’s first sustainability bond offering, with the US dollar-denominated issuance representing the...

RCBC’s green portfolio reaches P52B

The sustainable lending portfolio of Rizal Commercial Banking Corp. (RCBC) reached P52.165 billion in 2020. Broken down...

BML makes donation to ARC AID to assist vulnerable children during Ramadan

With an aim to assist vulnerable children during the fasting month of Ramadan 1442, Bank of Maldives (BML) has made...

Capital raising activities expected to return to pre-pandemic levels in 2021: Maybank

The Malaysian capital market activity is on track to improve in 2021, with fundraising interest across some sectors showing...

Mizuho eyes seeking Hitachi compensation for system crash

Japan’s Mizuho Bank may demand financial compensation from Hitachi for a system crash that held up wire transfers...

Chang Hwa Bank looks to recover profit momentum

Backed by an improving global operating environment, state-run Chang Hwa Commercial Bank said that it expects its...

Taiwan Cooperative Financial pursues stable profit growth

State-run Taiwan Cooperative Financial Holding Co is pursuing stable profit growth this year on the back of economic...

Vietinbank eyes 16.8 trillion VND in pre-tax profit

Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) has set a goal of posting 16.8 trillion VND (728.1...

MUFG Bank to rebuild headquarters in Tokyo, consolidating group functions

MUFG Bank plans to rebuild its headquarters building in the Marunouchi business district of Tokyo for the first time...

SBI puts up non-performing asset account MSP Metallics for sale

SBI has put up for sale non-performing asset (NPA) account MSP Metallics Ltd against which a total of 10 banks have...

Bank of East Asia to tap into AIA China power after sale of insurance unit

The Bank of East Asia is hoping to leverage on its network in mainland China and the region to distribute life insurance...

Taxi drivers and parking fee collectors to use scan and pay service

To observe global money week, Bank of Bhutan (BoB) issued quick response (QR) codes to taxi drivers in the eastern and...

Taipei Fubon becomes first domestic bank to issue SLL

Taipei Fubon Commercial Bank has approved a three-year sustainability-linked loan (SLL) to audio electronics maker...

SinoPac targets growth from overseas, looks to Vietnam, Singapore branches

SinoPac Financial Holdings Co aims to generate 30 percent of its profits from overseas operations this year, as well as...

CTBC wins award from magazine for sixth year

CTBC Bank Co has won Wealth Magazine’s Best Domestic Wealth Management Award for the sixth consecutive year, with...

Mega Financial Holding eyes growth as profit slips

Mega Financial Holding Co aims to improve its earnings ability this year by targeting overseas banking, mortgage lending...

Southeast Asia’s largest bank DBS to phase out thermal coal financing

Singapore bank DBS Group has said it would phase out financing for customers that derived revenue from thermal coal...

Doha Bank hosts meeting for Sri Lankan delegation

Doha Bank recently hosted a meeting with a Sri Lankan delegation which was headed by Sri Lanka’s State Minister of...

PNB plans to open digital bank, select technology partner

Philippine National Bank, the fifth-largest lender in terms of assets controlled by airline and tobacco tycoon Lucio Tan...

KDB commits $126m financing to satellite project

South Korea’s state-run lender Korea Development Bank has said that it had agreed on a $126 million commitment to...

Sumitomo Mitsui’s Takashima to Head Japan Banking Industry Association

The Japanese Bankers Association has tentatively decided to name Sumitomo Mitsui Banking Corp. President Makoto...

Bank of Taiwan looks to housing loans for growth

Bank of Taiwan is seeking to strengthen its consumer banking business this year, led by mortgage operations, in line with...

HNB Group posts PAT of Rs 13.7 Bn; deposits up by Rs. 158 bn

Hatton National Bank (HNB) demonstrated resilience and posted Rs 13.7 billion in Group Profit After Tax during 2020...

UOB and SBF to connect Singaporean companies to cross-border opportunities

United Overseas Bank (UOB) is stepping up its efforts to help more Singaporean companies seize cross-border...

DBS names new country head for Malaysia

DBS Bank has appointed a new Malaysia country head to take over from Mr. Jeffrey Ling, who will be retiring from the...

Doha Bank wins Golden Peacock Global Award 2020 for Sustainability

Doha Bank has won the ‘Golden Peacock Global Award for Sustainability 2020’, with Doha Bank Group CEO Dr. R...

PT Bank CTBC Indonesia receives appreciation award for education program

During the Covid-19 Pandemic, almost all activities were carried out online, including the learning process of young...

E.Sun Bank and 32 Taiwanese companies launch ESG initiative to promote sustainability

E.Sun Commercial Bank on February 19 launched its “E.Sun ESG and sustainability initiative” in a ceremony in Taipei...

First Commercial forecasts growth

State-run First Commercial Bank forecast that its loan growth would reach 7 to 8% this year, following an 8% increase to...

Hua Nan Financial eyes expansion in operations

State-run Hua Nan Financial Holding Co aims to expand fee incomes, investment gains, overseas operations and lending...

RCBC partners with DepEd to promote digital savings

he Philippines’ Department of Education (DepEd) and the Rizal Commercial Banking Corporation (RCBC) have teamed up...

PNB among top companies in corporate governance

Philippine National Bank (PNB) has been ranked among the country’s top companies and one of the top scorers in the...

Sanima renews agreement with Patan Hospital

Sanima Bank and Patan Hospital have renewed their agreement from the previous year per which Sanima Bank had...

BML donates educational tools to SEN classes in 10 more schools

Bank of Maldives (BML), on February 24, announced the donation of educational tools to aid students with special...

Maybank Indonesia records net profit of 1.3 trillion rupiah in FY20

Maybank Indonesia recorded a net profit and minority interest (PATAMI) of 1.3 trillion rupiah for the financial year ended...

KDB, Environment Ministry to develop framework to foil greenwashing

Korea Development Bank (KDB) said on February 16 it was working with the Ministry of Environment to foster a...

SMBC launches sustainability-linked loan for overseas Japanese customers

Sumitomo Mitsui Banking Corporation (SMBC) announced on February 5 the launch of Sustainability-Linked Loan (SLL)...

Erste Group expects lower cost of risk, better profitability in 2021

Erste Group Bank AG expects a decline in cost of risk and improvement in profitability in 2021, given the positive economic...

Mizuho Financial to appoint Kato as CEO of bank unit

Mizuho Financial Group has decided to appoint the current Managing Executive Officer of its banking unit, 55-year-old...

MUFG Bank inks MOU with India’s ICICI Bank to aid Japanese firms

Major Japanese commercial bank MUFG Bank has signed a memorandum of understanding with ICICI Bank to...

State Bank of India joins JPMorgan’s blockchain payments network

The State Bank of India (SBI) is looking to improve cross-border payments with a blockchain solution by US investment...

Bank of East Asia full-year profit rose 11% as mainland China losses narrowed

Bank of East Asia (BEA) reported on February 24 that annual profit for 2020 increased by 10.8%, or by HK$354 million...

DBS to double its hiring of financial planning advisers in 2021

DBS is planning to double the number of financial planning advisers it recruits this year compared to 2020, the bank said...

PNB to allow opening of accounts online via facility

Philippine National Bank (PNB) is set to introduce a digital account-opening facility this year in a bid to improve its online...

UOB completes acquisition of Vietnam fund manager

Sanima Mutual Fund IPO receives 5 times more applications than demand

Sanima Capital has received applications for ‘Sanima Large Cap Mutual Fund’ five times more than the demand as of...

HNB recognised at CMA Excellence in Integrated Reporting Awards

Hatton National Bank (HNB) once again secured its place among the 10 Best Integrated Annual Reports at the CMA...

BML to expand deposit, payment services with 100 cash agents

Bank of Maldives (BML), on February 1, announced plans to expand deposit and payment services with cash agents...

HSBC, Maybank’s insurance venture among bidders for AXA Singapore

HSBC Holdings and Malayan Banking's insurance venture are among shortlisted bidders for AXA's business in Singapore...

Cathay United Bank opens branch in Myanmar

Cathay United Bank opened a branch in Myanmar’s largest city, Yangon on January 6, in a move seen as a step forward under...

CTBC releases video thanking employees for hard work amid pandemic

CTBC Financial Holding Co. released a short video at the end of December thanking its employees for setting an extraordinary...

E.SUN Bank to provide nation-wide English services by 2026

E.SUN Financial Holding Company announced on December 22 that it aims to provide English-language services at all...

FSC awards First Commercial Bank D-SIB status

Taiwan’s Financial Supervisory Commission (FSC) has designated First Commercial Bank the nation’s sixth domestic systemically...

Fubon to extend public tender offer for Jih Sun

Fubon Financial Holding Co on January 29 said that it is to extend its public tender offer for Jih Sun Financial Holding Co...

KDB, Hyundai Motor Group Join Forces to Invest in Mobility Startups

Hyundai Motor Group had signed a business agreement with Korea Development Bank to support promising...

Mizuho posts 19.4% rise in Q3 profit

Mizuho Financial Group Inc, Japan's third-largest lender by assets, reported a 19.4% rise in third quarter net profit, as the...

Japan’s MUFG Bank to Introduce Fees on Dormant Accounts from July

The banking unit of Japan's Mitsubishi UFJ Financial Group said on January 22 that it would introduce maintenance fees on...

State Bank of India Asset Quality Remains Healthy: Chairman Khara

The asset quality situation at State Bank of India (SBI) remains healthy and the faster-than expected economic recovery may...

BEA Appoints Head of GBA Office

The Bank of East Asia, Limited (BEA) announced on January 26 the appointment of Christine Lo as the Head of Greater Bay...

Risk-averse investors flocking to short-term instruments, says RCBC

Cash-rich domestic investors are flocking to short-term investment instruments to protect themselves against market...

Doha Bank announces the launch of Doha Bank Easy Pay Wallet

Doha Bank, one of the largest private commercial banks in Qatar, has announced the launch of Doha Bank Easy Pay...

Singapore’s DBS Bank picks Taiwan for third technology development center

Singapore-based DBS Bank has chosen Taiwan as the site for its third technology development center after Singapore...

HNB launches A Banker for every Sri Lankan

In a bid to celebrate the achievements of unique and exceptional local entrepreneurs, HNB PLC announced the launch of...

CTBC Financial beats its own record for accolades

CTBC Financial Holding Co not only remained stable during a trying year last year, but also outperformed itself, setting...

E. Sun and Hua Nan aim to have all branches bilingual by 2026

E. Sun Commercial Bank and Hua Nan Commercial Bank, two major Taiwanese banks, said that they will make all of their...

Fubon net profit surges 55% on bullish stock market

Fubon Financial Holding Co on January 11 reported net profit of NT$90.85 billion (US$3.19 billion) for last year, up 55%...

PNB moves to foster use of digital banking

Philippine National Bank (PNB) announced it is extending the waiver of electronic fund transfer fees in its digital...

BML Islamic launches Education Financing for higher studies

Bank of Maldives (BML)'s Islamic branch announced an Islamic Shariah compliant facility, offering financial assistance...

Maybank temporarily closes 69 branches due to MCO

A total of 69 Malayan Banking Bhd (Maybank) branches across Malaysia will not be operational temporarily from...

Hana Bank pushes for English-language documentation

Hana Bank will introduce documents written in both English and Korean in the latter half of 2021, as part of a group-wide...

Mizuho to hire Moelis Technology Banker Zach Righellis

Mizuho Financial Group Inc. has hired Zach Righellis from Moelis & Co. to cover hardware and semiconductor investment...

MUFG’s next banking unit chief, targets Asia for growth

Mitsubishi UFJ Financial Group Inc.’s next banking unit chief has vowed to target business in Asia, while signaling the...

SBI raises $600 million from overseas bonds

State Bank of India (SBI), India’s largest bank, on January 7 raised $600 million through bonds issued to international...

Bank of Bhutan introduces American Express to Bhutan

Bank of Bhutan Limited (BoBL), announced its partnership with American Express on December 18. The partnership will...

Taiwan Cooperative aims to match economic growth

Taiwan Cooperative Financial Holding Co (TCFH) aims to improve its business next year in line with the nation’s economic...

Bangkok Bank Co-Develops Thai Language AI Chatbot with Pand.ai

Bangkok Bank PLC announced the launch of its Thai language Artificial Intelligence (AI) powered chatbot that was built-in...

Sustainability indices include CTBC

CTBC Financial Holding Co said that the Dow Jones Sustainability Indices (DJSI) have once again selected the company as...

HNB ranked among Sri Lanka’s ‘Most Admired Companies’ for 3rd consecutive year

Hatton National Bank (HNB) once again secured top rankings among Sri Lanka’s ‘Most Admired Companies’ for the 3rd...

Fubon Financial eyes larger market share after acquisition

Fubon Financial Holding Co., one of the leading financial holding companies in Taiwan, has set a goal of securing a higher...

DBS to launch digital exchange as demand for virtual currencies soar

DBS Group Holdings, Southeast Asia’s biggest bank, is to set up an exchange for digital assets, including cryptocurrencies...

RCBC to stop funding coal power projects

Rizal Commercial Banking Corporation (RCBC) has declared that it will no longer extend financing to new coal-fired power...

Bank of Maldives honors long service employees

Bank of Maldives (BML), on December 7, held an event to honor and celebrate the loyalty of its long serving employees...

Maybank among participating banks in newly launched Singapore Financial Data Exchange

Malayan Banking Bhd (Maybank) is among participating banks of the newly launched Singapore Financial Data Exchange...

KDB Life deal gets back on track

The Korea Development Bank (KDB) is expected to sign a stock purchase agreement with local private equity firm...

SMBC boosts New Delhi branch’s capital by $660m

Sumitomo Mitsui Banking Corp. (SMBC) has added $600 million to the capitalization of its New Delhi branch, boosting its...

MUFG Bank and Afreximbank sign a $520 million COVID-19 response facility

MUFG and African Export-Import Bank (Afreximbank) have signed a $520 million facility, following Nippon Export and...

Mizuho signs MOU for business cooperation with Saudi Arabia Ministry of Investment

Mizuho Bank, Ltd. signed a memorandum of understanding (MOU) for business cooperation with the Ministry of...

State Bank of India to hold mega e-auction of properties on December 30

India’s largest lender, State Bank of India, is giving property buyers an opportunity to bid on their dream property. SBI will...

BEA Wins Best SME’s Partner Gold Award for Three Straight Years

The Bank of East Asia, Limited (BEA) today announces that it has won the “Best SME’s Partner Gold Award”, organized by...

Bank of Maldives Appoints New Directors for Retail and SME Banking and Corporate Banking

Bank of Maldives has appointed Mr. Moosa Nimal as its Director of Retail and SME Banking and Mr. Ahmed Aseef as its...

CTBC Financial Holdings wins five Asian Excellence Awards

The 10th Asian Excellence Award hosted by Corporate Governance Asia magazine recently announced that CTBC...

Cathay United prepares to compete with virtual banks

Cathay United Bank plans to use artificial intelligence and big data analysis to learn what customers need and maintain...

HNB partners with Prime Group to offer special housing loans for 60 days

Sri Lanka’s Hatton National Bank (HNB), announced an exclusive partnership with local real estate developers Prime...

DBS Bank Taiwan releases revamped banking app

DBS Bank Taiwan released a revamped online banking platform, dubbed DBS Digibank, in a bid to provide wealth...

Intesa Sanpaolo to buy 69% stake in Swiss private bank REYL

Italy’s Intesa Sanpaolo is purchasing a 69% stake in Swiss private bank REYL & Cie, the groups said in a joint statement...

Bangkok Bank integrates Indonesia branches into PermataBank International network

Bangkok Bank received in-principle approval from OJK to integrate its three Indonesian branches into its subsidiary PT...

Commerzbank Appoints Deutsche Bank’s Manfred Knof as Chief Executive

Commerzbank AG named Manfred Knof, head of rival Deutsche Bank AG’s private bank in Germany, as its new chief...

Maybank introduces EzyQ, first in Malaysia

Maybank Bhd has launched Maybank EzyQ, an online appointment management system for customers, making it...

Korea Development Bank issues $200 million SOFR bonds in the U.S.

The state-run Korea Development Bank (KDB) said on September 14 that it has issued $200 million in SOFR...

J.P. Morgan launches S&P 500 Warrants in Hong Kong

n a first for the Hong Kong warrants market, J.P. Morgan has issued derivative warrants linked to the Standard and...

Bank of East Asia to sell life insurance business following strategic review

The Bank of East Asia (BEA) said it would sell its life insurance business and seek potential partnerships to grow its core...

RCBC named Best Digital Bank in the Philippines

This year’s edition of the Annual Alpha Southeast Asia Best FI Awards deliberated on the performance of participating...

Asiamoney recognizes PNB as Best Bank for Corporate Social Responsibility in PH

Philippine National Bank (PNB) was honored by Asiamoney with Best Bank for Corporate Social Responsibility (CSR) in...

Mizuho to offer shorter workweek for employees

Mizuho Financial Group plans to allow staff to work three or four days a week on reduced pay, as the Japanese bank...

MUFG Bank to Invest in Nagano Prefecture’s Green Bond

MUFG Bank on October 7 announced its decision to invest in publicly offered municipal bond No. 2020-2 (10-year green...

SBI appoints Charanjit Attra as CFO

State Bank of India (SBI) has appointed Charanjit Surinder Singh Attra as Chief Financial Officer (CFO) on October 2...

HNB partners with Browns Agriculture for offers on agricultural equipment

Sri Lanka’s leading private sector bank, Hatton National Bank (HNB), partnered with Brown & Company PLC to offer affordable...

39th UOB Painting of the Year launched in solidarity with ASEAN artists

United Overseas Bank (UOB) announced on August 12 that artists in Southeast Asia will be able to submit their entries for...

Bangkok Bank and Thammasat University to develop app for a cashless campus

Thammasat University has appointed Bangkok Bank to develop its TU GREATS app to provide students and university...

Taishin to buy Prudential Life Insurance for NT$5.5 billion

Taiwan's Taishin Financial Holdings Co. Ltd. announced on August 11 that it will purchase Prudential Life Insurance...

Mega says profitability at HK branch may decrease

Mega International Commercial Bank said on July 20 that profitability at its Hong Kong branch might decline this year due...

Hua Nan eyeing renewal projects

Hua Nan Commercial Bank, the banking arm of Hua Nan Financial Holding Co, is looking to fund more urban renewal...

CTBC video tells story of Taiwan

TV host Ugur Rifat Karlova, as well as YouTubers Logan Beck and Ikulaoshi have all given thumbs-up to CTBC Bank’s “Our...

Bank SinoPac says profit at HK branch down 10%

The bank did not provide exact profit figures for the branch, which made profit of HK$192 million (US$24.77 million) in the...

DBS supports IRAS in digital payment implementation

As part of the Singapore’s drive to adopt digital contact-free payments, DBS Bank has been collaborating with government...

IBEC Supports Development of Insurance Business in the Markets of Member States

The International Bank for Economic Co-operation (IBEC) has signed a loan agreement with the largest Bulgarian private...

Doha Bank Donates QAR 300,000 to Help Victims of Beirut Explosion

Doha Bank, one of the largest private commercial banks in Qatar, recently contributed QAR 300,000 in donations to...

RCBC posts P800-M net income in 2nd quarter

Rizal Commercial Banking Corp. (RCBC) posted a net income of P800 million in the second quarter on the back of strong...

PNB sustains strong core income growth in first half of 2020, continues to boost loan reserves

Philippine National Bank (PNB) registered total revenues of P23.6 billion for the first half of 2020, 24% higher compared to its...

Maybank offers repayment aid package via three easy channels

Malayan Banking Bhd (Maybank) is offering its customers repayment assistance package options to ease their cashflow...

KEB Hana Bank & Korea Expressway to Facilitate Blockchain Powered Toll Payments

KEB Hana Bank, a leading commercial bank in South Korea, has entered into a deal with the Korea Expressway Corporation...

Korea Development Bank to open venture capital in Silicon Valley to back Korean startups

Korea Development Bank will set up a venture capital firm in Silicon Valley to back Korean startups in making inroads to...

SMBC joins blockchain platforms Contour, Komgo for trade finance

Sumitomo Mitsui Banking Corp. (SMBC) is accelerating its adoption of blockchain technology for trade finance amid increasing digitization of international...

Mizuho signs a business cooperation agreement with Thailand-based TISCO Financial Group

Mizuho Bank, Ltd. has signed a business cooperation agreement with TISCO Financial Group Public Company Limited (TISCO FG) on July 30...

MUFG Bank and Liquidity Capital Establish Joint Venture Debt Fund in Singapore

MUFG Bank and Liquidity Capital M.C. Ltd. (Liquidity Capital), an Israeli fintech company, announced on August 7 that they would be entering...

State Bank of India Profit Surges 81% In June Quarter

State Bank of India (SBI), the country’s largest lender by assets, has reported an 81% annual increase in net profit to ₹ 4,189.4 crore in the last quarter, which...

BEA China Appoints Montgomery Ho Shun-wah as Executive Director & Chief Executive

The Bank of East Asia (China) Limited (BEA China) has announced the appointment of Montgomery Ho Shun-wah as Executive...

CTBC video lauds successful virus battle

To highlight the success of the Taiwanese government’s relief efforts, CTBC Bank launched its “Our Ordinary Home” corporate video on major TV channels...

CTBC named Taiwan’s Best Domestic, Corporate and Investment Bank

CTBC, Taiwan’s largest private sector bank, has been named Best Domestic Bank, and Best Corporate and Investment Bank by...

New information sharing feature for bankers

The ABA is pleased to introduce the “Bankers’ Corner”, a new feature of the ABA website. This section is designed...

How to fight off cyberattacks in an age of remote working

With tens of millions of people working remotely in the wake of the COVID-19 pandemic, the cybersecurity weaknesses...