This is thanks to its non-interest income growing 28.4%. Maybank saw its profit after tax and minority interest (PATAMI) rise 9% year-on-year (YoY) to US$ 1.16 b in the first six months of 2024. Southeast Asia’s fourth largest bank by assets...
The bank’s wealth management arm earned more than a year earlier. Royal Bank of Canada reported a third-quarter profit of $4.49 billion, up from $3.86 billion a year earlier. The bank says its net income amounted to $3.09 per diluted share...
The bonds were priced at fixed rates of 2.75% and 3.10% per annum. DBS has priced Temasek’s 10-year (T2034-CNH) and 30-year (T2054-CNH) offshore CNY bonds under the US$25b Guaranteed Global Medium Term Note Programme. The 10-year tranche, T2034-CNH, valued at CNH1b...
The solar energy will be transported via a 4,300km subsea cable. Australia has approved SunCable's flagship Australia-Asia power link project (AAPowerLink), which will ship energy from a giant solar farm in Northern Australia to Singapore through a 4,300km subsea cable. The...
Chinese banks kept their benchmark lending rates unchanged for August, as profit margins come under pressure and policymakers focus on the health of financial institutions. The one-year loan prime rate (LPR) will stay at 3.35 per cent and the five-year...
It is the first South-east Asian bank to tap the People’s Bank of China’s carbon emission reduction facility programme. DBS in a tie-up with Envision Energy announced a 500 million yuan (US $70.5 million) green loan facility for the wind...
Consumers in Switzerland can now send and receive payments in seconds following the market launch of instant payments across the banking industry. Around 60 financial institutions are now able to receive and process instant payments, covering more than 95% of...
WESTPAC Banking’s profit edged higher as pressure on margins eased and mortgage lending grew faster than the wider industry, offsetting a fragile outlook for the nation’s economy. Unaudited net profit came in at A$1.8 billion (US$1.226 billion) in the three...
Singapore's economy grew 2.9% in the April-June quarter from a year earlier, matching the official advance estimate and above market expectations, government data showed. The trade ministry said it had adjusted its GDP growth forecast range for 2024 to 2.0%...
Britain's economy grew 0.6% in the second quarter of 2024, in line with economists' expectations and building on a rapid 0.7% recovery in the first quarter of the year after a shallow recession in the second half of 2023,...
