BOS said that it was amongst its most successful closed-ended offerings in years. Bank of Singapore (BOS) offered the Keppel Data Centres S64 Access Fund SP9 to clients for a limited time. The structured fund was originated by and exclusively distributed through BOS and provides access to the Keppel Data Centre Fund III together with access to select data centre investment opportunities, BOS said in an announcement on 29 October. The offering is now closed. BOS said that it was amongst...
More banks expect to see an increase in enterprise loans in Q4. The majority of Philippine banks expect credit standards and loan demand to remain steady in Q4 2026, according to a poll by the Bangko Sentral ng Pilipinas (BSP). Of the banks polled, 80.8% expect unchanged credit standards for enterprise loans, whilst 85.7% expect steady standards for household loans, the central bank found. The bias towards tightening has moderated for both enterprise and household loans, the BSP said. ...
Singapore led the six markets whilst the Philippines and Vietnam lagged. Banks across six ASEAN countries are facing a gap between digital capabilities and service experience, according to a report by advisory firm Twimbit. The 45 banks in the study logged a banking customer experience (CX) score of 3.13 out of 5, but only 2.57 for service. Whilst digital capabilities are well-established, service consistency and brand clarity are uneven, Twimbit said. Amongst markets, Singapore led wi...
Park has 18 years of experience working in the corporate banking sector. Bank of America (BofA) has appointed Yoojin Park as head of global payment solutions (GPS) Korea and Korea corporate sales. Park will join BofA on 30 November and will be based in Seoul. Park is tasked with leading corporate sales and overseeing the overall GPS business in Korea, BofA said. She joins from Citibank Korea, where she managed client relationships and delivered solutions across lending, liquidity, trad...
Nearly 7 in 10 expect it to strengthen internal controls and governance, DBS and EY found. Tokenised money is expected to bring about real-time cross-border payments, stronger governance, and optimise liquidity management, according to a study by DBS and EY. In a poll of 422 business leaders across 11 markets, 72% expect tokenised money to improve auditability and traceability within their business. About 71% expect real-time cross-border payments, and 66% expect that it will strengthe...
Clients can connect their internal systems directly to HSBCnio. HSBC has launched HSBCnio, a digital AI-enabled solution that simplifies and unifies its transaction banking services. HSBC’s corporate and institutional clients can connect their internal systems directly with HSBCnio through an API, or use the solution through web and mobile using their existing HSBCnet login and permissions. HSBCnio also lets clients’ own artificial intelligence (AI) tools to access authorised bank acco...
It is expanding offers through e-commerce platforms and Korean beauty clinics. Indonesia’s PT Bank KB Indonesia Tbk (KB Bank) is expanding card benefits and refining its digital services to retain customers as shoppers increasingly compare financial products on their phones. “The loyalty is no longer to the brand or the bank,” Harryanto Pramono, retail banking director at KB Bank, told Asian Banking & Finance. “Customers are looking for the best pricing, the best accessibility, and the...
It is cutting about 6% of its current internal workforce through FY2027. National Australia Bank is reducing 6% of its internal workforce in FY2027, equal to up to 2,500 roles. Up to 1,500 roles will be cut before the end of 2026, the Australian bank said in an announcement on 20 October. NAB expects to recognise a restructuring charge of approximately $211m (A$300m) pre-tax in FY2027 related to redundancy, redeployment and organisational redesign costs. NAB Group CEO Andrew Irvine exp...
President and CEO John Ong has been approved as a full member of the trust committee. Philippine Bank of Communications (PBCOM) named new branch banking group heads on 28 October 2026. Sherwin Ng is appointed branch banking group head for Metro Manila and Luzon, whilst Arthur Gonzales is the branch banking group head for Visayas and Mindanao. PBCOM’s board of directors’ also appointed John Cary Ong, PBCOM’s president and CEO, as a full member of the trust committee. Ong was also appoin...
DBS Hong Kong will provide a loan to fund the projects. DBS Hong Kong and The Hong Kong and China Gas Company (Towngas) have signed a memorandum of understanding (MOU) to fund green hydrogen projects. DBS Hong Kong will provide Towngas a loan, with the proceeds allocated to green hydrogen projects undertaken by Towngas that meet the standards of the Hong Kong Monetary Authority’s sustainable finance taxonomy. Under the MOU, Towngas will commission an independent third-party certificati...
Mashreq wins two awards for digitising Trade Asset Sell-downs and launching GenAI-powered mobile onboarding for its Corporate Clients. Mashreq has been recognised with two accolades at the Asian Banking & Finance Corporate & Investment Banking Awards 2026, celebrating the bank’s digital innovation across corporate and investment banking. The awards recognise two distinctive capabilities: the digitisation of the Trade Asset Sell-down Distribution journey and the launch of GenAI-powered ...
Limcaoco will transition to senior governance roles in Ayala Group companies. The Bank of the Philippine Islands (BPI) announced Maria Cristina “Ginbee” Go as its next chief executive officer and president, effective 26 April 2027. Jose Teodoro “TG” Limcaoco, the incumbent CEO and president, will remain a member of the bank’s board of directors. Limcaoco has been CEO and president of BPI for five years. Under his leadership, BPI’s number of customers reached over 19 million in 2026, mo...
Adviser capacity and cross-border compliance are becoming key operating priorities. Hong Kong banks are reshaping wealth...
Gold, personal loans, two-wheeler, and MSME loans saw higher delinquencies. Shriram Finance expects softer loan growth from initial estimates due to the Middle East conflict and a weak monsoon season, said CreditSights by Fitch Solutions. The Indian non-bank financial company’s profitability and capitalisation is expected to remain solid, CreditSights said in an October 2026 report. Credit costs are expected to rise during the fiscal year. A weak monsoon drove credit costs to rise by 4...
It gives users an internal verified list of banks, super funds, registries, amongst others. National Australia Bank (NAB) is now in the estateXchange platform, which digitises deceased estates’ administration. NAB said that it is the first major Australian bank to join the estateXchange, an Australian business-to-business digital platform that aims to simplify, digitize, and streamline the administration of deceased estates and superannuation death benefit claims. The platform provides...
