Asia-Pacific
Banking and finance news from China, Japan, India, Australia, Southeast Asia, and the Pacific
Japan's Daishi Hokuetsu Financial Group and Gunma Bank Announce Plans to Consolidate Operations
Daishi Hokuetsu Financial Group and Gunma Bank have announced plans to combine under a joint holding company.
Axis Bank Posts Q4 FY2025 PAT of Rs 7,117 Crore with Net Interest Income Up 6% Year-on-Year
Axis Bank reported Q4 FY2025 profit after tax of Rs 7,117 crore with net interest income of Rs 13,811 crore, a 6% year-on-year rise, as net advances grew 8%.
South Korea's FSC Implements Revised Enforcement Regime with Transaction Bans and Account Freezes for Market Abuse
South Korea's FSC activated a revised FSCMA enforcement framework on 23 April 2025, introducing transaction bans and account freezes for unfair trading and illegal short selling.
UOB's Leong Yung Chee Assumes Group CFO Role as Lee Wai Fai Steps Down After 20 Years
Leong Yung Chee officially became UOB Group CFO on 22 April 2025, as Lee Wai Fai retired after two decades in the role and Edmund Leong assumed leadership of Group Corporate Banking.
CIMB Thai Bank Appoints Wut Thanittiraporn as President and CEO as Paul Wong Completes Secondment
Wut Thanittiraporn has taken over as President and CEO of CIMB Thai Bank effective 21 April 2025, replacing Paul Wong Chee Kin after the completion of a four-year secondment to Thailand.
ICICI Bank Reports FY2025 Net Profit of INR 47,227 Crore, Up 15.5%, on Domestic Loan Growth
ICICI Bank posted FY2025 profit after tax of INR 47,227 crore, up 15.5% year-on-year, with total deposits rising 14% to INR 16.1 trillion and domestic advances up 13.9%.
Kasikornbank Reports Q1 2025 Net Profit of THB 13.79 Billion, as Credit Costs Fall
KBank posted Q1 2025 net profit of THB 13.79 billion, up 1.1% year-on-year, as lower credit costs and 15.4% growth in non-interest income offset net interest margin compression.
HDFC Bank Posts INR 673.5 Billion FY2025 Net Profit, Up 10.7%, as Post-Merger Integration Continues
HDFC Bank reported FY2025 net profit of INR 673.5 billion, up 10.7% year-on-year, with total assets reaching INR 39.1 trillion and gross NPA at 1.33%.
Abu Dhabi Investment Authority to invest Rs 2,624 crore in India's IDFC FIRST Bank
IDFC FIRST Bank's board approved a Rs 7,500 crore preferential issue on 17 April 2025, with Warburg Pincus taking Rs 4,876 crore and ADIA Rs 2,624 crore, subject to shareholder and regulatory approvals.
MUFG issues JPY 16.5 billion green bond to fund new headquarters building
The 11-year domestic bond, callable after 10 years, is MUFG's first under a March 2024 Green Finance Framework dedicated to the construction of its headquarters building.
Bank of China Discloses Full Allocation of 19 Offshore Sustainability Series Bonds in 2024 Annual Report
Bank of China's 2024 sustainability bond annual report confirmed full allocation of 19 offshore green and sustainability bonds to renewable energy, clean transport, and social projects.
Bangko Sentral ng Pilipinas Cuts Benchmark Rate to 5.50% in First Cut of 2025
The BSP reduced its target reverse repurchase rate by 25 basis points to 5.50%, its first cut of 2025 after a pause in February, with inflation having slowed to 1.8% in March, below the 2–4% target.