Banks
China raises cross-border renminbi use requirement for major banks
The sharp increase highlights Beijing’s determination to accelerate the use of the renminbi in global tradePublished Mon, May 26, 2025 · 07:21 PM[BEIJING] China’s central bank asked its major...
EU weighs cutting 20 banks from Swift in new Russia sanctions
The European Union (EU) is considering cutting more than 20 banks from Swift, the international payments system, as well as lowering a price cap on Russian oil and banning...
Trust Bank’s FY2024 net interest income soars 124.7% to S$72.8 million; losses narrow
Deposit balances double to S$3.8 billion, from S$1.9 billion a year ago, attributable to the launch of Trust+[SINGAPORE] Trust Bank on Friday (May 23) reported net interest income of...
Trust Bank’s FY2024 loss narrows to S$93.4 million
Deposit balances double to S$3.8 billion, from S$1.9 billion a year ago, attributable to the launch of Trust+[SINGAPORE] Trust Bank on Friday (May 23) reported a loss of S$93.4...
Thai banks’ bad loans rise to 2.9% in Q1
Published Tue, May 20, 2025 · 04:21 PM[BANGKOK] Thai banks’ non-performing loans rose to 2.90 per cent of outstanding loans at the end of March from 2.78 per cent...
China banks cut deposit rates to aid margins, drive spending
MAJOR Chinese banks cut deposit rates again, in the latest efforts to preserve their shrinking profitability and drive consumers to spend more amid a flagging economy.Lenders including the Industrial...
Grand Banks Yachts Q3 profit falls 42.4% to S$2.3 million on weaker margins, higher costs
[SINGAPORE] Grand Banks Yachts posted a 42.4 per cent drop in net profit to S$2.3 million for the third quarter ended Mar 31, from about S$4.0 million in the...
Richest Thai man raises top bank’s stake to be No 3 shareholder
Kasikornbank is the country’s second-biggest lender with total assets of 4.4 trillion baht Published Mon, May 19, 2025 · 12:36 PM[BANGKOK] Gulf Development, controlled by Thailand’s richest man Sarath...
