The Asia Pacific Banking News Network http://apbankers.net/ Fri, 15 Dec 2017 04:16:30 GMT part of MediaG8way Group http://apbankers.net/ http://apbankers.net/assets/images/logo.png The Asia Pacific Banking News Network KohanaPHP HNIs turn to family offices for wealth transfer News Aggregation Team Thursday, December 14, 2017 12:00 am http://apbankers.net/article/40027/hnis-turn-to-family-offices-for-wealth-transfer Succession planning has gained importance among the rich Indians. Wealth and Asset Management In Asia, Julius Baer is Ready for its Close-Up News Aggregation Team Thursday, December 14, 2017 12:00 am http://apbankers.net/article/40029/in-asia-julius-baer-is-ready-for-its-close-up The effort has paid off: last year, the bank's profits topped 700 million Swiss francs. Wealth and Asset Management Look closer, and you’ll see charitable foundations are often not about giving News Aggregation Team Thursday, December 14, 2017 12:00 am http://apbankers.net/article/40049/look-closer-and-youamprsquoll-see-charitable-foundations-are-often-not-about-giving Examine the tax structure behind charitable foundations, and in some cases it turns out that the benefactor is the one to actually benefit Wealth and Asset Management Singapore Economy To Grow By 3% In 2018 - Central Bank Survey News Aggregation Team Wednesday, December 13, 2017 12:00 am http://apbankers.net/article/40017/singapore-economy-to-grow-by-3-in-2018-central-bank-survey The private sector economists' median growth forecast for 2018 is also at the high end of the government's outlook of 1.5% to 3.5% for next year. Wealth and Asset Management Nikko AM enters Australian LBO market News Aggregation Team Tuesday, December 12, 2017 12:00 am http://apbankers.net/article/39997/nikko-am-enters-australian-lbo-market The bespoke vehicle recognises a strong demand from institutional clients who want to access the return profile of private markets, Nikko AM Australia managing director Sam Hallinan said. Wealth and Asset Management Zurich Insurance to buy ANZ's life insurance businesses for $2.85 billion News Aggregation Team Tuesday, December 12, 2017 12:00 am http://apbankers.net/article/40000/zurich-insurance-to-buy-anzamp039s-life-insurance-businesses-for-285-billion ANZ's group executive for wealth in Australia, Alexis George, said the divestments reflected chief executive Shayne Elliott's strategy of focusing more sharply on competing where it was strongest. Wealth and Asset Management Charles Monat Associates looks to classic customer service in bid to attract high net worth clients News Aggregation Team Monday, December 11, 2017 12:00 am http://apbankers.net/article/39978/charles-monat-associates-looks-to-classic-customer-service-in-bid-to-attract-high-net-worth-clients Charles Monat Associates, one of the largest insurance brokers in Hong Kong, plans to boost staff by up to 30pc in effort to improve personalised services for wealthy clients Wealth and Asset Management Singapore’s Wealth Management Institute unveils programmes to upgrade talent pool News Aggregation Team Monday, December 11, 2017 12:00 am http://apbankers.net/article/39988/singaporeamprsquos-wealth-management-institute-unveils-programmes-to-upgrade-talent-pool WMI will now serve as a centralised training utility, with responsibility for improving training curriculum for private banking relationship managers. Wealth and Asset Management SBI launches Wealth Management services News Aggregation Team Sunday, December 10, 2017 12:00 am http://apbankers.net/article/39949/sbi-launches-wealth-management-services These fully equipped Wealth Hubs were inaugurated P . Gupta, Managing Director (Retail & Digital Banking) of SBI Corporate Centre, Mumbai. Wealth and Asset Management How Deutsche Bank staved off staff “exodus” to start hiring again in Asia News Aggregation Team Thursday, December 07, 2017 12:00 am http://apbankers.net/article/39902/how-deutsche-bank-staved-off-staff-ampldquoexodusamprdquo-to-start-hiring-again-in-asia The RMs stayed back when they realised that there was quite a lot of client overlaps with UBS.” Wealth and Asset Management SSGA Hires Wealth Management Veteran News Aggregation Team Thursday, December 14, 2017 12:00 am http://apbankers.net/article/40041/ssga-hires-wealth-management-veteran She was previously head of wealth management at Citibank Hong Kong and head of Institutional Sales for Jardine Fleming in Asia. Executive Moves William Blair distribution head takes on role at Deutsche AM News Aggregation Team Thursday, December 14, 2017 12:00 am http://apbankers.net/article/40039/william-blair-distribution-head-takes-on-role-at-deutsche-am Francois has previously worked at Deutsche AM as head of client relationships from 1998 to 2000 Executive Moves Chubb Makes Leadership Appointments in Asia Pacific Region News Team Thursday, December 14, 2017 12:00 am http://apbankers.net/article/40044/chubb-makes-leadership-appointments-in-asia-pacific-region John French named Head of Broker Distribution Executive Moves Charmian Wan moves to Man Group from Lazard News Aggregation Team Thursday, December 14, 2017 12:00 am http://apbankers.net/article/40046/charmian-wan-moves-to-man-group-from-lazard She will report to Hersh Gandhi, MD, Asia-Pacific at Man Group, who says: “I am delighted to welcome Charmian to Man Group. Executive Moves Man Group adds to Hong Kong team News Aggregation Team Wednesday, December 13, 2017 12:00 am http://apbankers.net/article/40033/man-group-adds-to-hong-kong-team She joins Man Group from Lazard Asset Management, where she was Director, Head of Business Development and Marketing, Asia ex-Japan. Executive Moves Citi Shuffles Asia Private Bank Management News Aggregation Team Tuesday, December 12, 2017 12:00 am http://apbankers.net/article/39985/citi-shuffles-asia-private-bank-management Citi's private bank created several new roles in Asia Executive Moves Sarasin Poaches from Deutsche News Aggregation Team Tuesday, December 12, 2017 12:00 am http://apbankers.net/article/39993/sarasin-poaches-from-deutsche The bank has made a number of hires in Asia throughout 2017 in both Hong Kong and Singapore. Executive Moves Former AustralianSuper risk head joins AIA ahead of CommInsure acquisition News Aggregation Team Tuesday, December 12, 2017 12:00 am http://apbankers.net/article/39995/former-australiansuper-risk-head-joins-aia-ahead-of-comminsure-acquisition AIA originally announced its agreement with CBA to acquire CommInsure for $3.8 billion in September. Executive Moves AMP names new chief risk officer News Aggregation Team Tuesday, December 12, 2017 12:00 am http://apbankers.net/article/39996/amp-names-new-chief-risk-officer AMP appointed a former long-serving ANZ executive as the head of risk. Executive Moves Zedra boosts Singapore team News Team Tuesday, December 12, 2017 12:00 am http://apbankers.net/article/40002/zedra-boosts-singapore-team Zedra is committed to expanding its business across the important North and South Asia markets from its offices in Singapore which boasts one of the more vibrant and faster growing teams in the region. Executive Moves Australian FSR insights 2018 outlook News Team Thursday, December 14, 2017 12:00 am http://apbankers.net/article/40020/australian-fsr-insights-2018-outlook The kinds of rules and the frequency with which APRA will make them will likely vary. Legal, Regulation & Compliance CBA admits to anti-money laundering breaches, AUSTRAC flags new allegations News Aggregation Team Thursday, December 14, 2017 12:00 am http://apbankers.net/article/40040/cba-admits-to-anti-money-laundering-breaches-austrac-flags-new-allegations It denied that this amounted to eight separate contraventions, but agreed it did not adhere to all transaction monitoring requirements relating to certain affected accounts. Legal, Regulation & Compliance 'That's not a lawsuit': Hogan suing Grill'd over famous line News Aggregation Team Thursday, December 14, 2017 12:00 am http://apbankers.net/article/40045/amp039thatamp039s-not-a-lawsuitamp039-hogan-suing-grillamp039d-over-famous-line The mugger demands Mick Dundee's wallet, with Kozlowski's character Sue telling him to comply because "he's got a knife". Legal, Regulation & Compliance Law firms’ bestie bond establishes new Asia-Pacific ties News Aggregation Team Wednesday, December 13, 2017 12:00 am http://apbankers.net/article/40015/law-firmsamprsquo-bestie-bond-establishes-new-asia-pacific-ties It was established by founding partners Philippa Fee and Craig Langstone in the late 1980s, with an additional three people – Pauline Davies, Cecily Brick and Matthew Atkinson – joining the partnership over the years. Legal, Regulation & Compliance Hong kong FSR insights 2018 outlook News Team Wednesday, December 13, 2017 12:00 am http://apbankers.net/article/40019/hong-kong-fsr-insights-2018-outlook The SFC has indicated that it will shortly be providing more granular guidance on cooperation in disciplinary, civil and Market Misconduct Tribunal proceedings. Legal, Regulation & Compliance China’s graft watchdog warns officials over ‘concealed’ extravagance News Aggregation Team Wednesday, December 13, 2017 12:00 am http://apbankers.net/article/40022/chinaamprsquos-graft-watchdog-warns-officials-over-amplsquoconcealedamprsquo-extravagance President Xi Jinping has waged a five-year war on graft at all levels of the ruling Communist Party, from high-level “tigers” to lowly “flies”. Legal, Regulation & Compliance Convoy raids put Hong Kong firms on notice News Aggregation Team Wednesday, December 13, 2017 12:00 am http://apbankers.net/article/40025/convoy-raids-put-hong-kong-firms-on-notice Hong Kong’s financial services firms can expect greater regulatory scrutiny as an unprecedented joint probe by the Independent Commission Against Corruption and the Securities and Futures Commission paves the way for future investigations. Legal, Regulation & Compliance Barclays Africa Group inks deal with China Development Bank News Team Wednesday, December 13, 2017 12:00 am http://apbankers.net/article/40026/barclays-africa-group-inks-deal-with-china-development-bank This partnership will unlock opportunities that are aligned to our shared growth approach and could facilitate positive socio-economic impact. Legal, Regulation & Compliance Canadian regulators and ASIC sign fintech cooperation pact News Team Wednesday, December 13, 2017 12:00 am http://apbankers.net/article/40038/canadian-regulators-and-asic-sign-fintech-cooperation-pact The Innovation Hub provides the opportunity for entrepreneurs to understand how regulation might impact on them. Legal, Regulation & Compliance Banks hire ex-RBI men to avoid slip-ups News Aggregation Team Tuesday, December 12, 2017 12:00 am http://apbankers.net/article/39998/banks-hire-ex-rbi-men-to-avoid-slip-ups Higher costs for non compliance mean banks would rather have a person who knows the workings of the central bank. Legal, Regulation & Compliance Fundnel Teams Up With Thirdrock To Accelerate Asian Growth Companies News Aggregation Team Wednesday, December 13, 2017 12:00 am http://apbankers.net/article/40028/fundnel-teams-up-with-thirdrock-to-accelerate-asian-growth-companies The collaboration marks the birth of a cross-referral program that brings the deal pipeline of both entities together into a data-driven funnel that quantitatively assesses applicant companies to determine the viability of each funding opportunity. FinTech Philippines reviewing 12 applications for bitcoin exchanges News Aggregation Team Wednesday, December 13, 2017 12:00 am http://apbankers.net/article/40031/philippines-reviewing-12-applications-for-bitcoin-exchanges The Bangko Sentral ng Pilipinas (BSP) is seeking to regulate the industry, which it says is open to misuse. FinTech PR Savings Bank in Apac signs with Temenos News Team Wednesday, December 13, 2017 12:00 am http://apbankers.net/article/40037/pr-savings-bank-in-apac-signs-with-temenos This signing demonstrates that our vision for banking and technology is resonating with banks. FinTech Follow the technology: HSBC offers special loans for tech-savvy small enterprises News Aggregation Team Tuesday, December 12, 2017 12:00 am http://apbankers.net/article/39992/follow-the-technology-hsbc-offers-special-loans-for-tech-savvy-small-enterprises In October, bank loans for use in Hong Kong rose 23.9pc year on year, according to figures released last week by the Hong Kong Monetary Authority FinTech Malaysia, Indonesia, Thailand Launch Local Currency Settlement Framework News Aggregation Team Monday, December 11, 2017 12:00 am http://apbankers.net/article/39981/malaysia-indonesia-thailand-launch-local-currency-settlement-framework Malaysia's bilateral trade volume totalled $13.8 billion with Indonesia and $13 billion with Thailand in 2016. FinTech FinEX Asia Secures Hong Kong Advising on Securities and Asset Management Licenses News Team Monday, December 11, 2017 12:00 am http://apbankers.net/article/39961/finex-asia-secures-hong-kong-advising-on-securities-and-asset-management-licenses FinEX Asia aims to provide a highly transparent platform that leverages on its tech capability to bring high-quality assets to institutional and professional investors. FinTech YBR partners with top fintech News Aggregation Team Friday, December 08, 2017 12:00 am http://apbankers.net/article/39927/ybr-partners-with-top-fintech This year Prospa made the KPMG Fintech100 list, together with ZipMoney and AfterPay Touch in recognition of technology companies pushing the envelope in financial services. FinTech ASX pioneers blockchain technology News Aggregation Team Thursday, December 07, 2017 12:00 am http://apbankers.net/article/39906/asx-pioneers-blockchain-technology Australian bourse becomes first big exchange to commit to the technology FinTech ANZ bank adds Garmin Pay to its payment repertoire News Aggregation Team Wednesday, December 06, 2017 12:00 am http://apbankers.net/article/39889/anz-bank-adds-garmin-pay-to-its-payment-repertoire Now boasting six different payment wallets, ANZ bank has added Garmin Pay to the mix FinTech Christopher Beukers to head Avaloq’s APAC business News Team Tuesday, December 05, 2017 12:00 am http://apbankers.net/article/39864/christopher-beukers-to-head-avaloqamprsquos-apac-business Avaloq is addressing this development and now taking the next step in building a market facing organisation for the APAC region that serves these customer needs. FinTech Group insurance awareness encouraging: MetLife News Aggregation Team Thursday, December 14, 2017 12:00 am http://apbankers.net/article/40011/group-insurance-awareness-encouraging-metlife Almost 70% of employees are satisfied with their group insurance cover, but are unaware that they can change their level of cover. Alternative Investments MetLife Hong Kong Wins Five Awards News Team Thursday, December 14, 2017 12:00 am http://apbankers.net/article/40043/metlife-hong-kong-wins-five-awards This achievement follows its success at the Hong Kong Insurance Awards 2017 where MetLife Hong Kong took home five top-three finalist awards. Alternative Investments Mideast, Asian buyers dominate prime Central London property market News Aggregation Team Wednesday, December 13, 2017 12:00 am http://apbankers.net/article/40008/mideast-asian-buyers-dominate-prime-central-london-property-market The research suggests international buyer appetite for high-end property in the capital is returning after fears about the impact of Brexit coupled with economic problems within their home countries had put off some overseas investors. Alternative Investments Birch Century International to establish Tokyo office News Team Wednesday, December 13, 2017 12:00 am http://apbankers.net/article/40035/birch-century-international-to-establish-tokyo-office Birch Century International expands international capabilities as the alternative asset manager opens Tokyo office in early 2018. Alternative Investments Investor's wealth doubled in these tax-savings funds in less than three-and-a-half-years News Aggregation Team Tuesday, December 12, 2017 12:00 am http://apbankers.net/article/39986/investoramp039s-wealth-doubled-in-these-tax-savings-funds-in-less-than-three-and-a-half-years One can also invest in ELSS funds through Systematic Investment Plan or SIP route with as low as Rs 500 per month. Alternative Investments ANZ Bank sells life insurance arm to Zurich for US$2.14b News Aggregation Team Tuesday, December 12, 2017 12:00 am http://apbankers.net/article/39991/anz-bank-sells-life-insurance-arm-to-zurich-for-us214b Zurich's experience in working with banks around the world to provide insurance solutions, combined with its commitment to innovation and strong presence in Australia is a good outcome for our customers, shareholders and distribution partners. Alternative Investments Industry fund stepping up advice offering News Aggregation Team Tuesday, December 12, 2017 12:00 am http://apbankers.net/article/39994/industry-fund-stepping-up-advice-offering LUCRF Super chief operating officer Antony Thow said advice was an integral part of the fund's service offering. Alternative Investments Global concludes exit from Asian Finance Bank, Malaysia News Team Tuesday, December 12, 2017 12:00 am http://apbankers.net/article/39999/global-concludes-exit-from-asian-finance-bank-malaysia This program focused on strengthening and growing the core business of AFB by optimizing the balance sheet position, enhancing the corporate governance, implementing adequate ERP and risk management systems and organizational rightsizing. Alternative Investments ANZ sells life insurer to Zurich News Aggregation Team Tuesday, December 12, 2017 12:00 am http://apbankers.net/article/40018/anz-sells-life-insurer-to-zurich The remaining balance will be paid on completion, which is expected by the end of 2018. Alternative Investments Metlife Names Fintech Winners News Aggregation Team Tuesday, December 12, 2017 12:00 am http://apbankers.net/article/40009/metlife-names-fintech-winners Launched in November 2016 the initiative aims to give innovators a platform to address business challenges in areas such as customer engagement, sales, and operations. Alternative Investments South Korea considers cryptocurrency tax as regulators grapple with ‘speculative mania’ News Aggregation Team Thursday, December 14, 2017 12:00 am http://apbankers.net/article/40047/south-korea-considers-cryptocurrency-tax-as-regulators-grapple-with-amplsquospeculative-maniaamprsquo Australia’s central bank governor Philip Lowe warned on Wednesday the fascination with the assets felt like a “speculative mania.” Tax Taxing private wealth may affect Singapore's reputation News Aggregation Team Sunday, December 10, 2017 12:00 am http://apbankers.net/article/39950/taxing-private-wealth-may-affect-singaporeamp039s-reputation They said it is a tricky tightrope to navigate as levies could take on many forms, from further imposts on property to perhaps the reintroduction of estate tax, which was abolished in 2008. Tax ATO targets hundreds of Australia's richest people News Aggregation Team Sunday, December 10, 2017 12:00 am http://apbankers.net/article/39957/ato-targets-hundreds-of-australiaamp039s-richest-people It is an entirely different approach for the ATO, which has typically relied on audit and review activity to catch cheats. Tax Foreign property buyers feel SA sting of dumped bank tax News Aggregation Team Wednesday, November 29, 2017 12:00 am http://apbankers.net/article/39778/foreign-property-buyers-feel-sa-sting-of-dumped-bank-tax High existing stamp duty rates on residential property combined with the increase in the foreign buyer surcharge would dampen activity among builders and developers also. Tax Samsung Group Chairman Lee Kun-hee ‘s Offshore Account May Cost Him at Insurance Subsidiary News Aggregation Team Tuesday, November 28, 2017 12:00 am http://apbankers.net/article/39777/samsung-group-chairman-lee-kun-hee-amplsquos-offshore-account-may-cost-him-at-insurance-subsidiary Lee self-disclosed his secret offshore account Tax No second tax amnesty, official says News Aggregation Team Thursday, November 23, 2017 12:00 am http://apbankers.net/article/39688/no-second-tax-amnesty-official-says This is fair for those who participated in the tax amnesty,” said Hestu in Manado on Wednesday as reported by kompas.com. Tax India slips in OECD ratings on exchange of tax info News Aggregation Team Wednesday, November 22, 2017 12:00 am http://apbankers.net/article/39658/india-slips-in-oecd-ratings-on-exchange-of-tax-info A pertinent suggestion for India, is to "ensure the quality of the exchange of information requests sent to tax authorities of other countries and an efficient communication with its EoI partners, in all cases". Tax Singapore to raise taxes as govt spending increases News Aggregation Team Monday, November 20, 2017 12:00 am http://apbankers.net/article/39581/singapore-to-raise-taxes-as-govt-spending-increases Just as older generations saved and invested Tax India, Hong Kong To Sign Double Tax Pact News Aggregation Team Monday, November 13, 2017 12:00 am http://apbankers.net/article/39497/india-hong-kong-to-sign-double-tax-pact It will improve transparency in tax matters and will help curb tax evasion and tax avoidance," the Government announced. Tax Paradise Papers Expose Rich And Famous Using Tax Havens News Team Monday, November 06, 2017 12:00 am http://apbankers.net/article/39335/paradise-papers-expose-rich-and-famous-using-tax-havens The paper called in the International Consortium of Investigative Journalists to oversee the investigation. Tax Strong growth outlook for 2018: RAM Group News Team Thursday, December 14, 2017 12:00 am http://apbankers.net/article/40042/strong-growth-outlook-for-2018-ram-group Real Asset Management 2018 Outlook Comment, Analysis & Research The insane life of Brunei's super-rich Prince, who flies choppers, chills with tiger cubs, and plays polo News Aggregation Team Thursday, December 14, 2017 12:00 am http://apbankers.net/article/40048/the-insane-life-of-bruneiamp039s-super-rich-prince-who-flies-choppers-chills-with-tiger-cubs-and-plays-polo He is one of five sons and seven daughters born to Brunei's ruler, Sultan Hassanal Bolkiah, according to Elite Daily. Comment, Analysis & Research Bright outlook for region's insurance industry in 2018 News Aggregation Team Wednesday, December 13, 2017 12:00 am http://apbankers.net/article/40004/bright-outlook-for-regionamp039s-insurance-industry-in-2018 In the case of Chinese life and P&C insurers, the increased asset risk is also reflected in their rising allocation to alternative investments, with often complex transaction structures and a lack of transparent disclosure standards. Comment, Analysis & Research Principal legal risks faced by asset management institutions News Aggregation Team Wednesday, December 13, 2017 12:00 am http://apbankers.net/article/40030/principal-legal-risks-faced-by-asset-management-institutions The core of asset management is “management”, and management risks include the risk of diversion of funds Comment, Analysis & Research Southeast Asia's digital economy to hit $50bn this year News Aggregation Team Wednesday, December 13, 2017 12:00 am http://apbankers.net/article/40036/southeast-asiaamp039s-digital-economy-to-hit-50bn-this-year Based on “proprietary Google data, Temasek research, expert interviews, and secondary data sources”, the report covers four key sectors: travel, media, ride hailing, and e-commerce. Comment, Analysis & Research Foreign financial firms eyeing China’s market News Aggregation Team Tuesday, December 12, 2017 12:00 am http://apbankers.net/article/40014/foreign-financial-firms-eyeing-chinaamprsquos-market The report added that more foreign institutions are likely to join the Chinese market. Comment, Analysis & Research India’s luxury hotel for dogs has a swimming pool, spa and serves Belgian beer News Aggregation Team Monday, December 11, 2017 12:00 am http://apbankers.net/article/39979/indiaamprsquos-luxury-hotel-for-dogs-has-a-swimming-pool-spa-and-serves-belgian-beer Critterati, which claims to be South Asia’s first luxury hotel for dogs, offers suites at up to US$70 per night for pets of “no expense spared” parents Comment, Analysis & Research Hong Kong's Fintech Watershed News Team Monday, December 11, 2017 12:00 am http://apbankers.net/article/39977/hong-kongamp039s-fintech-watershed The coming year will see a number of positive initiatives and developments the report highlights. Comment, Analysis & Research Philippines Wins Fitch Upgrade in Boost for Duterte's Plans News Aggregation Team Monday, December 11, 2017 12:00 am http://apbankers.net/article/39982/philippines-wins-fitch-upgrade-in-boost-for-duterteamp039s-plans Despite the controversy over Duterte’s bloody anti-drug war, Fitch said there’s no evidence it’s undermined investor confidence. Comment, Analysis & Research What's the state of wealth management in Asia today? News Aggregation Team Monday, December 11, 2017 12:00 am http://apbankers.net/article/39968/whatamp039s-the-state-of-wealth-management-in-asia-today Their first report issued in 1996 featured Asia as the 3rd largest wealth market in the world. Comment, Analysis & Research Vietnam makes slow progress in listing its banks News Aggregation Team Thursday, December 07, 2017 12:00 am http://apbankers.net/article/39922/vietnam-makes-slow-progress-in-listing-its-banks HD Bank will list its shares on the Ho Chi Minh bourse early next year Retail Banking Bank of Baroda to shut Hong Kong branch, Thailand office News Aggregation Team Thursday, November 30, 2017 12:00 am http://apbankers.net/article/39797/bank-of-baroda-to-shut-hong-kong-branch-thailand-office Hit by resource crunch, especially capital, many public sector banks are reviewing their international operations Retail Banking ASB named New Zealand Bank of the Year News Aggregation Team Thursday, November 30, 2017 12:00 am http://apbankers.net/article/39799/asb-named-new-zealand-bank-of-the-year ASB Chief Executive Barbara Chapman says ASB is proud to be named New Zealand Bank of the Year for the fifth year in a row, especially as the market continues to go through rapid technological change. Retail Banking Maybank Q3 earnings up 13% on higher net interest income, Islamic banking scheme News Aggregation Team Thursday, November 30, 2017 12:00 am http://apbankers.net/article/39823/maybank-q3-earnings-up-13-on-higher-net-interest-income-islamic-banking-scheme Its net impairment losses also dropped 51.0% in the quarter Retail Banking CIMB Philippine ops strengthen group as universal Asean bank News Aggregation Team Monday, November 20, 2017 12:00 am http://apbankers.net/article/39601/cimb-philippine-ops-strengthen-group-as-universal-asean-bank The award of the licence is in line with liberalisation of the banking sector in the Philippines. Retail Banking The Co-Operative Bank Lifts Profit News Aggregation Team Friday, June 03, 2016 1:00 am http://apbankers.net/article/29097/the-co-operative-bank-lifts-profit The bank also says its increasing rebates paid to member-customers by almost 17%. Retail Banking AMMB's 4Q net profit down 46% News Aggregation Team Monday, May 30, 2016 1:00 am http://apbankers.net/article/28953/ammbamp039s-4q-net-profit-down-46 Reduction in earnings for current financial year ended 31 March 2016 was mainly due to lower income. Retail Banking Maybank’s results below expectations due to chunky provisioning News Aggregation Team Monday, May 30, 2016 1:00 am http://apbankers.net/article/28994/maybankamprsquos-results-below-expectations-due-to-chunky-provisioning The research house said Maybank’s first quarter net profit fell 16.1% year-on-year, dragged down by a 248.8% year-on-year jump in LLP. Retail Banking Hong Leong Bank Q3 net profit dips News Aggregation Team Thursday, May 26, 2016 1:00 am http://apbankers.net/article/28922/hong-leong-bank-q3-net-profit-dips Despite the lower earnings, HLB has proposed a second interim dividend of 25 sen per share. Retail Banking Confidence wanes in Malaysia govt-backed 1MDB bonds News Aggregation Team Tuesday, May 24, 2016 1:00 am http://apbankers.net/article/28887/confidence-wanes-in-malaysia-govt-backed-1mdb-bonds The contrast reflects growing investor concern about the Malaysian government's backing as it grapples with an economy forecast to expand at its slowest pace in seven years amid a collapse in oil prices. Retail Banking