Maya’s Post

Digital banks’ bad loans eased to 3-mo low in April - https://lnkd.in/g_Kp7bHk MANILA, Philippines — Bad loans held by digital banks in the country eased to a three-month low in April, which likely softened cost pressures for this new breed of lenders as they navigate the path to profitability. Data from the Bangko Sentral ng Pilipinas (BSP) showed that digital banks’ nonperforming

Did you know 1-in-2 Canadians are dissatisfied with financial incentives from banks? EQ Bank | Equitable Bank is looking to change that in a major way by increasing bonus interest on everyday banking to 4.00% with direct deposit! Check out the details here: https://rb.gy/jgiq6g #makebank #eqbank #equitablebank #secondchance

Did you know half Canadians are dissatisfied with financial incentives from banks? We can all use a second chance, especially when it comes to getting everyday banking right! Check out how EQ Bank | Equitable Bank is challenging the industry by giving Canadians 4.00% bonus interest on everyday banking, plus no fees! It’s never too late for a second chance: https://rb.gy/jgiq6g #makebank #eqbank #equitablebank #secondchance

Did you know 1-in-2 Canadians are dissatisfied with financial incentives from banks? We can all use a second chance, especially when it comes to getting everyday banking right! Check out how EQ Bank | Equitable Bank is challenging the industry by giving Canadians 4.00% bonus interest on everyday banking, plus no fees! It’s never too late for a second chance: https://rb.gy/jgiq6g #makebank #eqbank #equitablebank #secondchance EQ Bank | Equitable Bank

Great to see TBC Uzbekistan with its first rating has been rated as the same as the sovereign! Congratulations to the entire TBC team . Fitch Ratings Initiates Coverage of TBC Bank Uzbekistan with a BB- Rating TBC Bank Group PLC is pleased to announce that Fitch Ratings has published a Long-Term Issuer Default Rating (IDR) of ‘BB-’ with a Stable Outlook for its subsidiary, TBC Bank Uzbekistan, which is in line with the Uzbekistan sovereign rating. Nika Kurdiani, CEO of TBC Group operations in Uzbekistan, said: “This is a historic milestone for TBC Bank Uzbekistan, underscoring our outstanding results. Fitch's rating is a testament to our profitable growth, strong balance sheet, and dedication to building a best-in-class fintech ecosystem. We are one of few companies to achieve a credit rating of BB- in Uzbekistan, which is the same level as the current sovereign rating.” Oliver Hughes, Head of International Business at TBC Group, added: “TBC Bank Uzbekistan achieved profitability just two years after launch—a record time-to-profit among global digital banks. We are scaling our digital banking business and launching a wide range of digital financial services to improve the lives of the people of Uzbekistan. Operating a fully-licensed, consumer lending-led, and deposit-funded business model, we are committed to delivering further growth and long-term value for our shareholders.” For further enquiries, please contact: Director of Investor Relations Andrew Keeley Or Head of Investor Relations Anna Romelashvili ir@tbcbank.com.ge About TBC Bank Group PLC ("TBC PLC") TBC Bank Group PLC ("TBC PLC") is a public limited company registered in England and Wales. TBC PLC is the parent company of JSC TBC Bank ("TBC Bank") and a group of companies that principally operate in Georgia in the financial sector. TBC PLC also offers non-financial services via TNET, the largest digital ecosystem in Georgia. Since 2019, TBC PLC has expanded its operations into Uzbekistan by operating fast growing retail digital financial services in the country. TBC PLC is listed on the London Stock Exchange under the symbol TBCG and is a constituent of the FTSE 250 Index. It is also a member of the FTSE4Good Index Series and the MSCI United Kingdom Small Cap Index. TBC Bank, together with its subsidiaries, is a leading universal banking group in Georgia, with a total market share of 39.1% of customer loans and 39.5% of customer deposits as of 31 March 2024, according to data published by the National Bank of Georgia on the analytical tool Tableau. Contact Details: If you have any questions or if you need additional information please contact IR@tbcbank.com.ge or visit our website www.tbcbankgroup.com

Did you know 1-in-2 Canadians are dissatisfied with financial incentives from banks? We can all use a second chance, especially when it comes to getting everyday banking right! Check out how EQ Bank | Equitable Bank is challenging the industry by giving Canadians 4.00% bonus interest on everyday banking, plus no fees! It’s never too late for a second chance: https://rb.gy/jgiq6g #makebank #eqbank #equitablebank #secondchance

Did you know 1-in-2 Canadians are dissatisfied with financial incentives from banks? We can all use a second chance, especially when it comes to getting everyday banking right! Check out how EQ Bank | Equitable Bank is challenging the industry by giving Canadians 4.00% bonus interest on everyday banking, plus no fees! It’s never too late for a second chance: https://rb.gy/jgiq6g #makebank #eqbank #equitablebank #secondchance

The 80-20 principle in action in Hong Kong's Personal Loan Landscape! 🏦 With over 130 banks and 19.69M credit cards in circulation, Hong Kong's financial ecosystem is a study in contrasts. Interestingly as per latest TransUnion report, 2000+ licensed non-bank lenders actively dominate the personal loan market for small-to-medium loans (i.e. < HK$300,000), representing a significant 79% of the consumer loan customer base. 🤯 Given their access to alternative data and advanced risk assessment tools [CDI, IADS / Open Banking, PDF Scraping, e-DDA, etc.], why aren't HK banks (both traditional and Virtual Banks) more involved in this lucrative 80% of the market? 💳 Interested in your thoughts on this evolution in Hong Kong's financial landscape! Share your insights. Reference: TransUnion Report https://lnkd.in/gCHeCy4t cc: Planto, FinTech Association of Hong Kong

Boom 🎆 🔥 Since many of you been asking, here are some YOY metrics: +133% in new loan production / +94% loan portfolio / +79% increase in lending income. As well as #5 GLOBALLY in digital bank CX - and the only one in the Top 10 from the Philippines. To requote my own quote in the article: "While metrics such as deposits, number of transactions, or customer count are important, these are all loss generating activities, and therefore they do not capture the essence of a profitability strategy of a digital bank. At the end of the day, a bank needs to become profitable, and in a market like Philippines that is only possible through aggressively solving for unit profitability and growth on mass market consumer lending / credit inclusion segment. Our exceptional 1H 2024 results are a strong validation of our team’s revolutionary efforts to make mass market consumer lending in the Philippines profitable and massively scalable within the framework of a regulated deposit-taking bank institution and on the basis of a digital-first platform. We're leading the way in digital banking, and we're proud to be making a real difference in people's lives.” https://lnkd.in/grADNZHb

📊 ACLEDA Bank Plc. Q1 2024 Performance Highlights 🌟 Hey everyone! 🚀 Check out the key highlights from ACLEDA Bank's latest financial report. Despite some industry challenges, there are plenty of positive developments from the Yuanta Securities (Cambodia) report! 🌱💼 1️⃣ Resilience Amid Challenges: ACLEDA Bank’s net profit dropped 30% 📉, but they achieved 1% growth in gross loans 📈 and a slight decrease in the Non-Performing Loan (NPL) ratio, showcasing resilience despite broader sector difficulties. 💪💰 2️⃣ Digital Banking Boom: The number of mobile users surged 23.9% YoY 📲 to 3.7 million, and transaction values skyrocketed by 75.2% YoY 🚀 thanks to user-friendly app enhancements. 📱✨ 3️⃣ Deposit Growth: Customer and bank deposits increased 12.5% YoY to USD 7,637 million 💵, with deposit accounts rising 17.0% YoY to 4.76 million. 🏦💳 4️⃣ Industry-Wide Challenges: The banking sector faced flat loan growth and financial struggles among SMEs and households 🏠💼, impacting overall stability. ACLEDA’s cautious approach is helping navigate these hurdles. 🌐⚖️ 5️⃣ Positive Outlook: Despite higher impairment losses and interest expenses 📉, ACLEDA’s strategic growth and improved loan quality lay a strong foundation for future recovery. 🌱📈 한경태Han Kyung Tae (KT Han), Dara Sim What do you think about ACLEDA Bank’s performance? 🤔 Let’s discuss! 💬👥