Asia-Pacific
Banking and finance news from China, Japan, India, Australia, Southeast Asia, and the Pacific
Reserve Bank of Australia Cuts Cash Rate to 4.10% in First Reduction Since 2020
The RBA cut its cash rate target by 25 basis points to 4.10% in February 2025, its first rate reduction in four years, citing continued progress in bringing inflation to target.
Bank Rakyat Indonesia Reports FY2024 Net Profit of IDR 60.64 Trillion on MSME Lending Strength
BRI posted FY2024 consolidated net profit of IDR 60.64 trillion, with MSME loans comprising 81.97% of its portfolio and total assets reaching IDR 1,993 trillion.
Commonwealth Bank of Australia Reports H1 FY2025 Cash NPAT of AUD 5.13 Billion, Up 2%, with Interim Dividend Raised 5%
Commonwealth Bank of Australia posted H1 FY2025 cash NPAT of AUD 5.13 billion, up 2% year on year, supported by mortgage and business lending growth, with the interim dividend lifted 5% to AUD 2.25 per share.
Indonesia's OJK Publishes Version 2 of Taxonomy for Sustainable Finance, Expanding Sector Coverage
Indonesia's OJK released the second edition of its Taxonomy for Sustainable Finance, broadening sector scope and aligning with ASEAN standards.
DBS Group Records SGD 11.4 Billion Net Profit in Full-Year 2024, Up 11%, with Fee Income Crossing SGD 4 Billion
DBS Group posted a record full-year 2024 net profit of SGD 11.4 billion, up 11%, as total income rose 10% to SGD 22.3 billion and fee income exceeded SGD 4 billion for the first time.
Woori Financial Group returns to KRW 3 trillion net profit in 2024 as Woori Bank crosses mark for first time
Woori's 2024 profit rose 23.1% to KRW 3.086 trillion, its second-best year after 2022, and the group set a record annual dividend of KRW 1,200 per share.
Reserve Bank of India Cuts Repo Rate by 25 Basis Points to 6.25% in First Reduction Since 2020
The RBI cut its repo rate by 25 basis points to 6.25% in a unanimous MPC vote, the first rate reduction since May 2020, as CPI inflation eased to 5.22% in December, within its target band.
Shinhan Bank Reports Record KRW 3.70 Trillion Net Profit for 2024, Reclaiming South Korea's Top Lender Position
Shinhan Bank posted a record KRW 3.70 trillion net profit for 2024, up 20.5%, overtaking Hana Bank as South Korea's most profitable lender for the first time since 2018.
Reserve Bank of India Cuts Repo Rate to 6.25% in First Reduction Since May 2020
The RBI cut its policy repo rate by 25 basis points to 6.25% at its February 2025 MPC meeting, marking the first reduction in nearly five years as inflation eased.
Indonesia's Bank Mandiri Reports FY2024 Net Profit of IDR 55.8 Trillion as Loans Grow 19%
Bank Mandiri posted full-year 2024 consolidated net profit of IDR 55.8 trillion, up 1.3%, with non-interest income up 4.1% to IDR 42.3 trillion and NPLs down to 0.97%.
KB Financial Group sets South Korean record with KRW 5.08 trillion net profit in FY2024
KB became the first South Korean financial group to earn more than KRW 5 trillion in a year, lifting ROE to 9.72% and bringing 2024 total shareholder return to KRW 2.02 trillion.
South Korea's Hana Financial Group posts record KRW 3.74 trillion net profit for 2024
Hana Financial's 2024 profit rose 9.3% as fee income grew 15.2% and Hana Securities returned to profit, offsetting a small fall in net interest income.