OCBC banking on AI
KUALA LUMPUR: OCBC Malaysia will utilise a combination of artificial intelligence (AI) and relationship managers (RMs) to grow its wealth management business, one of its main growth areas.
Financing boost for digital economy
PETALING JAYA: The world's first green sukuk developed for data centre (DC) infrastructure could pave the way for more sustainable financing of digital infrastructure projects, according to the Asian Development Bank (ADB), which says the deal demonstrates how Islamic finance can support a growing digital economy.
SBI beats profit estimates on strong loan growth
BENGALURU: State Bank of India (SBI) has posted a larger-than-expected quarterly profit, helped by healthy loan growth, pushing shares as high as 3.6%.
AEON Bank integrates MyTentera ID for armed forces personnel
KUALA LUMPUR: AEON Bank has integrated MyTentera ID into its digital banking app's electronic know-your-customer (eKYC) verification process, allowing eligible Malaysian armed forces personnel to open accounts using their military identification.
BNM, PBOC renew and expand bilateral currency swap arrangement
KUALA LUMPUR: Bank Negara Malaysia and the People's Bank of China (PBOC) have renewed their bilateral currency swap arrangement for another five years, while expanding its size to RMB220 billion (RM130bil) from RMB180 billion (RM110bil) previously.
Bank Negara’s international reserves edge up to US$132.1bil
KUALA LUMPUR: Bank Negara Malaysia's international reserves amounted to US$132.1bil as at July 31, up from US$131.8bil as at July 15.
Singapore banks ride Asia's wealth boom to weather rates headwind
SINGAPORE: A surge in income from wealth management and other fee revenue helped Singapore's top three banks to cushion the impact of low interest rates, as lenders bet the region's fast-growing affluent population will continue to underpin growth this year.
Islamic finance emerging as key connector for global capital, trade flows
KUALA LUMPUR: Islamic finance is evolving beyond its traditional role as a funding source into a key enabler of cross-border capital, trade and digital infrastructure as geopolitical shifts and supply chain diversification reshape global commerce, Standard Chartered said.
Singapore's OCBC, UOB beat forecasts as wealth income cushions margin pressure
SINGAPORE: Singapore lenders OCBC and UOB reported higher second-quarter profits on Friday, as income from wealth management and other fee-based businesses helped offset pressure from lower interest rates on their core lending operations.
Fitch expects Malaysian banks to remain resilient despite slower growth
KUALA LUMPUR: Fitch Ratings expects Malaysia's six largest banks to maintain resilient credit profiles, supported by a stable operating environment, sound asset quality, steady profitability and adequate capitalisation, even as the country's economic growth moderates in 2026.
