Bangkok Bank reported a net profit attributable to shareholders of over $358.91m (THB12.47b) for the third quarter period that ended on 30 September 2024. Basic earnings per share was THB6.54 (approximately $0.19) for the period, higher than the THB5.95 ($0.17)...
The Spanish banking community has become the first EU market to enable instant cross-currency payments under the European Payment Council's OCT Inst (One-Leg Out (OLO) Instant Credit Transfer scheme. The entire Spanish banking community has been fully onboarded following pilot...
Non-interest income rose by 67.01%, although fee and commissions declined. The Industrial and Commercial Bank of China (Asia) (ICBC Asia) reported a consolidated profit attributable to shareholders of HK$4.26b (approximately US$547.2m) in the first six months of 2024 that ended...
Mitsubishi UFJ Financial Group, Japan's top lender by assets, raised its annual net profit forecast to a record 1.75 trillion yen ($11.23 billion) after second-quarter profit surged on higher interest rates and the sale of cross-held shares. Group net profit...
Oman’s non-oil sector experienced a 4.2 percent growth year on year in the first half of 2024, driven by the country’s strategic focus on economic diversification as outlined in its 10th Five-Year Plan (2021-2025). In an interview with the state-run...
Firms strong enough to face down weak flows, growing margin pressure. Despite weak flows of new money and intensifying competitive pressure on their margins, the credit profiles of traditional investment managers remain solid, according to Fitch Ratings. In a new report,...
About 80% of global banking groups have stable rating outlooks. Global banks are projected to maintain stable ratings through 2025, aided by easing inflation that could relieve pressures on struggling sectors, particularly commercial real estate, said S&P Global Ratings. Whilst lower...
These firms are adopting hybrid models that combine digital tools with limited human assistance. Asia Pacific is witnessing a significant shift in personal financial assets as up to $700b in wealth could flow to digital wealth management platforms, or "Wealthtechs,"...
Mizuho will repurchase 50 million of its own shares worth 100 billion yen in a rare share buyback for the company. Mizuho Financial Group reported a 62 per cent jump in second-quarter net profit and lifted its annual guidance on...
ABN Amro reported a smaller-than-expected fall in third-quarter profit, driven by sustained improvement in net interest income (NII) and strong performance of fees, the Dutch lender said. ABN Amro, one of three dominant banks in the Netherlands, said net profit...
