Japan
Norinchukin Bank’s profits up 24% to $405.7m for FY2023
Net gains from sales of securities jumped over 800% over the period.
Norinchukin Bank’s profits up 24% to $405.7m for FY2023
Net gains from sales of securities jumped over 800% over the period.
Japan’s Norinchukin Bank proposes changes to board
One auditor, Masaki Ogata, is retiring on 21 June.
Japan’s Chugoku Bank maintains strong liquidity despite weak loans
Higher interest rates will help improve profitability, Moody’s said.
Japan’s SMBC bookmarks $64m for social value activities
The group has also established an investment fund.
Mizuho to help deploy AI to study Hachijo’s humpback whales
The project will run from May to October 2024.
Mizuho allots $12.95b to finance hydrogen production
The bank noted hydrogen as “key” to decarbonisation of various sectors.
Mizuho’s net income climbs 22% to $4.39b in FY2023
An annual dividend of JPY105 per share has been announced.
Japan’s Sumitomo Mitsui mulling stock split
It has not yet decided whether to push through or not, however.
Sumitomo Mitsui Card offers 1.98% merchant fees to SMEs
SMEs in Osaka will also be able to avail of an android terminal for free.
Mizuho Financial Group publishes impact business policy
The policy defines the bank’s course of action on impact-driven businesses.
Japanese banks back fund to develop space industry
SMBC, MUFG, and Mizuho Bank are all named limited partners.
Japan’s SMBC joins JV to support drug discovery start-ups
The bank will own 33.2% of the JV company, which will be established mid-2024.
Mebuki's profits to improve but unrealised losses to rise
Its problem loans ratio is stable due to strong borrower quality.
Rising rates lift profitability of Japan’s 77 Bank
The same rising rates will increase the bank’s unrealized losses on its domestic bonds.
Japanese banks ‘less reluctant’ to finance hostile takeovers: report
Banks are seeing a rise of deals related to unsolicited bids for corporate takeovers.
16 foreign e-wallets now accepted in Japan through Alipay+
Alipay, KakaoPay, Touch ‘n Go, GCash and TrueMoney are the most popuar.
Japan’s policy rate may rise to 0.25% by end-2025: Fitch
Regional banks will not benefit much from rising interest rates, however.
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Standard Chartered Hong Kong wins big at ABF Retail Banking Awards 2024
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The bank’s efforts and achievements have become a testament to its commitment to its colleagues and the communities it serves in.
The bank’s efforts and achievements have become a testament to its commitment to its colleagues and the communities it serves in.
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1. Labour force upskilling needed as SG nears 'super-aged' status 2. MAS, IBF working on gen AI job impact map 3. Australia’s P&N Bank scraps proposed merger with Beyond Bank 4. Australia’s P&N, Beyond Bank likely to seek other merger opportunities 5. Singapore’s financial sector employment rose 4,800 in 2023Events
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