Retail Banking
Vietnam’s Techcombank sees net profits slide 17.1% in Q1
                                                                                                 
                        
                          Net interest income fell, but net fee income rose.
                    
                                        
                    
                How will China’s new rules on asset classification affect banks?
                                                                                                 
                        
                          The new measures expand on classifying asset risks of banks.
                    
                                        
                    
                Citi’s institutional, corporate banking arm in Asia sees 14% higher revenue in Q1
                                                                                                 
                        
                          The Institutional Clients Group’s net income for Asia went up 31% compared to Q1 2022.
                    
                                        
                    
                India’s Yes Bank records 45% net profit drop: report
                                                                                                 
                        
                          Net profit fell much lower than anticipated by analysts.
                    
                                        
                    
                Steady margins will push Daegu Bank to stable profits in 2023
                                                                                                 
                        
                          The bank’s dividend payouts will remain at current levels of 40% to 50%, Moody’s reported.
                    
                                        
                    
                Japan’s Chiba bank to maintain above domestic average profitability
                                                                                                 
                        
                          The bank will maintain strong loan quality and liquidity, Moody’s said.
                    
                                        
                    
                Weekly Global News Wrap: UBS to retain only few Credit Suisse senior bankers; open banking to increase liquidity risk
                                                                                                 
                        
                          And the UK must make it easier for banking staff to work remotely, says industry body. 
                    
                                        
                    
                Brankas-MPT mobility partnership grants motorists quick toll reload via bank accounts
                                                                                                 
                        
                          This collaboration targets to attract new app users that will benefit from lower service fees.
                    
                                        
                    
                VPBank’s stake sale to SMBC to uplift its capital, balance growth plan
                                                                                                 
                        
                          But “aggressive” growth plan, real estate sector woes will weigh on asset quality.
                    
                                        
                    
                Australia, New Zealand’s banks face higher costs, weaker profits in H2 2023
                                                                                                 
                        
                          Overall performance will be broadly similar to 2022, according to S&P Global Ratings
                    
                                        
                    
                Bank of Ayudhya’s profitability recovers to pre-pandemic levels
                                                                                                 
                        
                          Bad loans are expected to stay at a ratio of 3% over the next 12 to 18 years.
                    
                                        
                    
                End-to-end redesign, customer satisfaction key trends for Thailand’s banking leaders
                                                                                                 
                        
                          Industry leaders and experts from 29 different organisations gathered for the Asian Banking & Finance Bangkok forum held at JW Marriott Bangkok on 4...
                    
                                        
                    
                BPI launches refreshed mobile app
                                                                                                 
                        
                          New clients can open an account within five minutes with just one valid ID.
                    
                                        
                    
                Japan Post Bank maintains strong liquidity in 2023, but profits still weak: Moody’s
                                                                                                 
                        
                          Diversifying its bond portfolio will improve profits but exposes it to more risk.
                    
                                        
                    
                CIMB on track to realise sustainability goals
                                                                                                 
                        
                          The bank doubled its sustainable finance target after achieving the initial target in 2022.
                    
                                        
                    
                OCBC NISP allocates $87.5m of 2022 net profits as cash dividend
                                                                                                 
                        
                          The bank’s annual general meeting of shareholders saw changes made to its board of directors.