Financial Services
Maybank’s Q1 FY25 net profit rises 4% to RM2.59b
Maybank has reported a 4% year-on-year increase in net profit for the first quarter of FY25, reaching RM2.59b. This growth was supported by a 1.8%...
Citi appoints Prashant Thakker as Asia South Corporate Bank head
Citi has announced the appointment of Prashant Thakker as the new Head of Asia South Corporate Bank, effective immediately. Thakker will be responsible for overseeing...
Deutsche Bank partners with Singaporean AI start-up finaXai for AI in tokenised funds
Deutsche Bank has announced a collaboration with Singaporean AI start-up finaXai to explore advancements in tokenised funds servicing. This partnership will extend Deutsche Bank's Project...
Moody’s affirms OCBC’s ratings with stable outlook
Moody's Ratings has affirmed the long-term and short-term foreign and local currency deposit ratings of Oversea-Chinese Banking Corp Ltd (OCBC) at Aa1/P-1, maintaining a stable...
Moody’s affirms UOB’s Aa1 ratings, outlook stable
Moody's Ratings has affirmed the Aa1 deposit and senior unsecured debt ratings of United Overseas Bank Limited (UOB), maintaining a stable outlook. This decision reflects...
Trust Bank reports strong growth in 2024
Trust Bank has announced its full-year financial results for 2024, highlighting significant growth and innovation. The bank's customer numbers soared to 974,000 by December 2024,...
Moody’s affirms Maybank Singapore’s A1 ratings
Moody's Ratings has affirmed Maybank Singapore Limited's (MSL) A1 long-term foreign and local currency deposit ratings, maintaining a stable outlook. The affirmation reflects the bank's...
Islamic finance assets to reach $7.5t by 2028
Global Islamic finance assets are expected to surge to $7.5t by 2028, up from $5.5t in 2024, as detailed in a new report by Standard...
Prudential appoints new regional and Eastspring CEOs
Prudential plc has announced the appointment of Naveen Tahilyani as Regional CEO for India, Africa, the Philippines, Cambodia, Laos, and Myanmar, effective 29 July. This...
Moody’s affirms DBS Group’s stable ratings
Moody's Ratings has affirmed the long-term bank deposits and senior unsecured debt ratings of DBS Bank Ltd at Aa1 and the issuer ratings of DBS...
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