Asia-Pacific
Banking and finance news from China, Japan, India, Australia, Southeast Asia, and the Pacific
DBS Group Installs Tan Su Shan as CEO, Targeting 15–17% Return on Equity
Tan Su Shan became DBS Group CEO on 28 March 2025, succeeding Piyush Gupta and reaffirming a 15–17% ROE target for the S$132 billion bank.
Japan's Chiba Bank Acquires Nearly 20% Stake in Chiba Kogyo Bank
Chiba Bank has agreed to acquire a 19.9% stake in Chiba Kogyo Bank from Ariake Capital, and Chiba Kogyo Bank said it would hold talks with Chiba Bank on strengthening their relationship.
China Construction Bank Reports RMB 336.28 Billion FY2024 Profit with Improving Asset Quality
China Construction Bank reported FY2024 net profit of RMB 336.28bn, up 1.15%, with total assets at RMB 40.57tn and NPL ratio improving three basis points to 1.34%.
ICBC Retains World's Largest Bank Title with RMB 366.95 Billion FY2024 Net Profit
ICBC reported FY2024 net profit of RMB 366.95bn, up 0.5%, with total assets near RMB 49 trillion and overseas pre-tax profit rising 19% to over USD 4.4bn.
Agricultural Bank of China FY2024 net profit rises 4.7% to RMB 282 billion as NPL ratio falls to 1.30%
ABC's 2024 attributable net profit rose 4.72 per cent to RMB 282.08 billion on operating income of RMB 710.56 billion, while its non-performing loan ratio eased three basis points to 1.30 per cent.
Shizuoka, Hachijuni and Yamanashi Chuo banks sign comprehensive business alliance in Japan
The three regional lenders in central Japan formed the Fuji-san Alps Alliance, targeting a combined revenue effect of about ¥20 billion over five years while remaining independent.
Kaspi.kz Signs Share Purchase Agreement to Acquire Rabobank's Turkish Subsidiary
Kazakhstan's Kaspi.kz has signed a share purchase agreement to buy Rabobank A.Ş., the Dutch lender's Turkish subsidiary, subject to regulatory approval from Turkey's BRSA.
Bank of China Posts RMB 237.84 Billion FY2024 Profit as Non-Interest Income Rises
Bank of China posted FY2024 net profit of RMB 237.84bn, up 2.6% year-on-year, with non-interest income rising 16.65% as trading gains offset net interest margin compression.
Bank Mandiri AGM keeps Darmawan Junaidi as President Director, names Riduan deputy and Kuswiyoto chair
Shareholders retained Darmawan Junaidi as Bank Mandiri's President Director on 25 March 2025, appointed Riduan as Vice President Director in place of Alexandra Askandar and named Kuswiyoto President Commissioner.
Hana Financial Group Shareholders Reappoint Ham Young-joo as Chairman for Second Three-Year Term
Ham Young-joo secured reappointment as Hana Financial Group Chairman and CEO with 81.2% shareholder support, extending his tenure to March 2028.
Bank Negara Malaysia Imposes RM18.9 Million in Fines Across 326 Supervisory and Enforcement Actions in 2024
Bank Negara Malaysia took 326 supervisory and enforcement actions totalling RM18.9 million in penalties in 2024, with AML/CFT violations leading the list of breaches.
DBS Group Incoming CEO Tan Su Shan Signals Openness to Bolt-On Acquisitions, Rules Out Large-Scale M&A
DBS's incoming CEO Tan Su Shan has said the Singapore bank would consider accretive bolt-on deals that fit its strategy while ruling out large-scale M&A.