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Thunes Empowers Banks to Deliver Faster Cross-border Payments to Bank Accounts via Existing Swift Connectivity

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SINGAPORE and LONDON, Sept. 29, 2025 /PRNewswire/ — Thunes , the Smart Superhighway to move money around the world, is transforming the cross-border payment experience by offering its Pay-to-Banks solution to financial institutions through their Swift connectivity. The new solution enables the 11,000 banks within the Swift network to connect to Thunes’ Direct Global Network with no additional integration required, providing faster business and consumer payouts to 4 billion bank accounts.

Banks can now leverage their existing Swift connectivity to send business and consumer payments via the Thunes Network globally, ensuring fast bank account transfers in over 130 countries, meeting demand for real-time payments and enhancing the customer experience.

Alongside the launch, Thunes has expanded its Pay-to-Wallets solution for financial institutions to send global business payments via their existing Swift connectivity. This comes during a period of major growth for the global B2B payments market, which accounted for $150 trillion in 2024. The expansion builds on Thunes’ launch in 2024 to enable banks to facilitate real-time consumer payments to 3 billion mobile wallets and over 120 wallet brands worldwide.

Thunes’ Pay-to-Banks and Pay-to-Wallets solutions leverage Thunes’ SmartX Treasury System for advanced liquidity management and transparency, while Thunes’ Fortress Compliance platform ensures comprehensive risk controls, making payments not only fast but fully secure and compliant.

Chloe Mayenobe, President and COO at Thunes, said: “By extending the accessibility of our Direct Global Network via Swift, we are enabling banks to deliver faster, secure payments across both traditional financial systems and emerging payment methods. Thunes is uniquely positioned to meet increasing demand for fast, cost-effective cross-border payments, powering the future of payments with a cutting-edge platform that bridges fiat currencies, digital assets, and global wallets. Our Direct Global Network is built for a world where speed, efficiency, and global reach are paramount.”

Elie Bertha, Chief Product Officer at Thunes, added, “At Thunes, we are committed to helping financial institutions deliver faster, more efficient services to their customers. Now, a person sending money to a loved one’s overseas bank account or a small business paying an international supplier can simply open their banking app and complete their transactions without delays. These solutions offer easy integration for banks and enable instant and secure cross-border payments for end users, wherever they are.”

Watch a demo video of our new solution here.

NX Belgium to Take Part in “Transport & Logistics Antwerp 2025”

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TOKYO, Sept. 29, 2025 /PRNewswire/ — Nippon Express (Belgium) N.V./S.A. (hereinafter “NX Belgium”), a group company of NIPPON EXPRESS HOLDINGS, Inc., will participate in the three-day “Transport & Logistics Antwerp 2025” trade fair to be held in Antwerp, Belgium, from Tuesday, October 14, to Thursday, October 16.

Logo:
https://drive.google.com/file/d/1dqm0cxpYamnvMUra1AGXMuGlX932Z353/view?usp=drive_link 

Booth image:
https://drive.google.com/file/d/1xeDh0Gf5_YUPqrBKHgMDqzO9ETOQWJg3/view?usp=drive_link 

Transport & Logistics Antwerp 2025 is Belgium’s largest logistics exhibition, showcasing the latest products, services and innovations in the fields of logistics, transport, information technology and supply chain management. More than 300 companies are expected to exhibit their goods and services to more than 15,000 visitors.

A dedicated team manning the NX Belgium booth will be presenting the NX Group’s latest logistics services and advanced solutions, offering an informative and enriching opportunity for those interested in the Group’s services and for those who wish to network and exchange ideas. Visitors are more than welcome to drop by at any time.

Exhibition overview
-Exhibition title: Transport & Logistics Antwerp 2025
-Dates: Tuesday, October 14 – Thursday, October 16, 2025
-Opening hours:
10:00 – 19:00, Tuesday, October 14
10:00 – 20:00, Wednesday, October 15
10:00 – 17:00, Thursday, October 16 (*The hours are Belgium time.)
-Venue: Antwerp Expo, Jan Van Rijswijcklaan 191, 2020 Antwerp, Belgium
-Booth: Booth 4086, Hall 4

Exhibit details
-Global logistics network and diverse services
The exhibit will highlight comprehensive services designed to meet a wide range of logistics needs, including transport using the NX Group’s major hubs in Central and Eastern Europe, specialized logistics for the medical and high-tech equipment sectors, and supply chain support for pharmaceuticals and consumer goods in the U.S.

-Environmentally conscious logistics solutions
With sustainability as its theme, the booth will feature eco-friendly designs and materials to introduce logistics services that contribute to customers’ sustainability management.

About the NX Group:
https://drive.google.com/file/d/1mbvBL6C8THZNrR5LREgGeafNkEdaAmV-/view?usp=drive_link 

NX Group official website: https://www.nipponexpress.com/
NX Group’s official LinkedIn account: https://www.linkedin.com/company/nippon-express-group/ 

PAObank Celebrates 5th Anniversary, Accelerates the Expansion of Retail Banking Business, Customer Deposits Surged to over HK$8 billion in Q3

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Strengthened Core Profitability: 51% YoY Growth in Net Interest Income

  • PAObank’s customer deposits surged to over HK$8 billion in Q3. In 2025, PAObank accelerated its retail banking development by launching insurance, currency exchange and cross-border remittance services. PAObank aims to launch investment services within the year, offering Hong Kong stocks, U.S. stocks and Funds. Once launched, PAObank will provide a full suite of investment, insurance, and deposits services, establishing itself as Ping An Group’s comprehensive financial platform in Hong Kong.
  • PAObank remains a close partner of Tradelink to support trade SMEs. In the first half of 2025, total loan assets reached a new high of HK$3.72 billion, representing a year-on-year growth of 41%.
  • Lufax Holding Limited (“Lufax”) (06623.HK, NYSE LU) continues to support PAObank’s expansion in retail banking. In July, Lufax injected an additional HK$200 million in capital, underscoring its confidence in the Bank’s growth prospects.

HONG KONG SAR – Media OutReach Newswire – 29 September 2025 – PAO Bank Limited (“PAObank”) celebrates its 5th anniversary, with the strong momentum in retail banking development. Committed to offering more comprehensive financial products, PAObank is continuously shaping itself into a user-friendly digital bank. The diversified financial services and competitive deposit interest rates of the Bank have driven significant growth in total customer deposits in Q3 2025, surpassing HK$8 billion as of 26 September 2025.

In the first half of 2025, PAObank maintained steady growth and continued to strengthen its core profitability. Net interest income for the period rose 51% year-on-year to HK$90.62 million. Total customer deposits reached HK$5.94 billion as of 30 June 2025, maintaining strong upward momentum. In just three months, customer deposits increased by over HK$2 billion, exceeding HK$8 billion in total[1]. Meanwhile, PAObank remains committed to serving SMEs, with total loans and advances to customers increasing by approximately 41% year-on-year to HK$3.72 billion as of 30 June 2025. The loan-to-deposit ratio stood at a healthy 62.6%. Benefiting from the latest business strategies and interest income, the Bank narrowed its loss after income tax to HK$112 million.

Mr. Ronald Iu, Chief Executive of PAObank, said, “On the occasion of PAObank’s 5th anniversary, we remain steadfast in our mission to grow alongside our customers. Having started with a focus on SMEs, we have steadily expanded into the retail banking sector. This July, PAObank received an additional capital injection of HK$200 million from Lufax, demonstrating shareholder’s strong confidence in PAObank’s development hence. With the upcoming launch of investment services, we will further enrich our retail banking offerings to fulfil customers’ wealth management needs, striving to become ‘user-friendly digital bank’ in everyone’s mind.”

As a member of Ping An Insurance (Group) Company of China, Ltd. (SEHK: 2318; SSE: 601318), PAObank leverages the Group’s strengths to integrate insurance into its banking services, building a unique financial ecosystem that maximises synergies. At this 5th anniversary milestone, PAObank has taken the first step in its synergy-driven blueprint, launching its first joint initiative with China Ping An Insurance (Hong Kong) Company Limited this month. The “5th Anniversary Treasure Reward” campaign allows customers to enjoy banking services with additional benefits and protection. Looking ahead, PAObank will continue to leverage its unique competitive edge by integrating insurance into its banking services, offering efficient, hassle-free, and flexible one-stop financial solutions to support customers’ wealth management needs across all life stages.

For the interim report 2025 of PAObank, please visit www.paob.com.hk

[1] As of 26 September 2025.

Hashtag: #PAObank #Interim #Results

The issuer is solely responsible for the content of this announcement.

PAO Bank Limited

PAO Bank Limited (“PAObank”), a wholly-owned subsidiary of Lufax Holding Ltd (“Lufax”) (SEHK: 6623; NYSE: LU) and a member of Ping An Insurance (Group) Company of China, Ltd. (“Ping An”) (SEHK: 2318; SSE: 601318), is committed to fostering financial inclusion and establishing a digital banking ecosystem by leveraging its extensive experience in SME banking services and its leading financial technology advantages. PAObank was granted a banking licence by the Hong Kong Monetary Authority in May 2019 to offer banking services via virtual channels. PAObank is expanding diverse business segments including retail banking and SME banking.

Gemtek Announces OMDN-107 800Gbps LPO Next Gen Transceiver

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Company adopts NewPhotonics LPO+™ transmitter-on-chip developed for 1.6T and 800G applications

COPENHAGEN, Denmark, Sept. 29, 2025 /PRNewswire/ — Gemtek Technology Company Ltd, a global leader in advanced networking solutions, today announced the OMDN-107 800Gbps DR Linear Pluggable Optics (LPO) transceiver. The new OSFP module features the NewPhotonics NPG10202 LPO+™ transmitter-on-chip (TOC) with integrated lasers, modulators, and optical signal processing (OSP). Gemtek OMDN-107 800G LPO transceiver offers high-speed optical connectivity for modern AI and cloud data centers.

 

The transceiver module features integrated optical equalization and enhanced link performance in a compact, power-optimized architecture enabling breakthrough efficiency, performance, and cost-effective scale-out interconnect for hyperscaler and data center AI factories.

As part of its long-term roadmap, Gemtek has increased its strategic investment in research and development as well as automated manufacturing of high-speed fiber transceiver products. The company is also expanding its fiber transceiver portfolio to serve both AI data centers and telecom transport networks, addressing the industry’s growing demand for scalable, flexible, and sustainable optical solutions.

“As hyperscalers demand faster, more efficient connectivity, our 800G LPO transceiver extends Gemtek’s leadership in pluggable solutions for AI and data center networks,” said James Lee, President, Gemtek. “With our high-volume automated manufacturing facilities, Gemtek is uniquely positioned to deliver reliable, cost-optimized transceivers at scale that will bridge the global supply gap as AI/ML-driven demand accelerates. Partnering with NewPhotonics allows us to bring to market the most advanced LPO solution available today, ensuring we meet both immediate customer needs and the industry’s long-term shift to silicon photonics.”

Leveraging the highly integrated NPG10202 LPO+ silicon photonics PIC, the transceiver will deliver industry-leading power efficiency, minimized latency, and robust performance under real-world network traffic conditions.

“Our collaboration with Gemtek is strong validation that the ecosystem recognizes LPO+ for today’s 800G and the step up to 1.6T LPO optical connectivity,” said Doron Tal, SVP & GM of Optical Connectivity at NewPhotonics. “Working with global leaders like Gemtek accelerates adoption of our LPO+ chips, which bring optical signal processing directly onto the photonic IC and redefines how data centers will scale interconnect for AI.”

To learn more about Gemtek products and the availability of NPG10202 LPO+ -based transceiver modules, please visit https://www.gemteks.com/en.

About Gemtek Technology

Founded over three decades ago, Gemtek Technology is a global leader in wireless communications, broadband access, and IoT solutions. Renowned for its innovation and quality, Gemtek partners with leading telecom operators and global brands to shape the future of connectivity. For more information, visit https://www.gemteks.com/.

About NewPhotonics

NewPhotonics is a fabless semiconductor company based in Tel Aviv, Israel that designs and supplies innovative photonic integrated circuit (PIC) solutions with advanced optical signal processing for scale-out and scale-up data center interconnect. Founded in 2020, NewPhotonics is privately held and funded. For more information, visit www.newphotonics.com.  

Press Contacts:

Gemtek 
sales@gemteks.com, +886 3 598 5535

NewPhotonics 
press.relations@newphotonics.com, +972 3 614-3147  

 

Gemtek Announces OMDN-107 800Gbps LPO Next Gen Transceiver

By
Advertorial Desk
-

Company adopts NewPhotonics LPO+™ transmitter-on-chip developed for 1.6T and 800G applications

COPENHAGEN, Denmark, Sept. 29, 2025 /PRNewswire/ — Gemtek Technology Company Ltd, a global leader in advanced networking solutions, today announced the OMDN-107 800Gbps DR Linear Pluggable Optics (LPO) transceiver. The new OSFP module features the NewPhotonics NPG10202 LPO+™ transmitter-on-chip (TOC) with integrated lasers, modulators, and optical signal processing (OSP). Gemtek OMDN-107 800G LPO transceiver offers high-speed optical connectivity for modern AI and cloud data centers.

 

The transceiver module features integrated optical equalization and enhanced link performance in a compact, power-optimized architecture enabling breakthrough efficiency, performance, and cost-effective scale-out interconnect for hyperscaler and data center AI factories.

As part of its long-term roadmap, Gemtek has increased its strategic investment in research and development as well as automated manufacturing of high-speed fiber transceiver products. The company is also expanding its fiber transceiver portfolio to serve both AI data centers and telecom transport networks, addressing the industry’s growing demand for scalable, flexible, and sustainable optical solutions.

“As hyperscalers demand faster, more efficient connectivity, our 800G LPO transceiver extends Gemtek’s leadership in pluggable solutions for AI and data center networks,” said James Lee, President, Gemtek. “With our high-volume automated manufacturing facilities, Gemtek is uniquely positioned to deliver reliable, cost-optimized transceivers at scale that will bridge the global supply gap as AI/ML-driven demand accelerates. Partnering with NewPhotonics allows us to bring to market the most advanced LPO solution available today, ensuring we meet both immediate customer needs and the industry’s long-term shift to silicon photonics.”

Leveraging the highly integrated NPG10202 LPO+ silicon photonics PIC, the transceiver will deliver industry-leading power efficiency, minimized latency, and robust performance under real-world network traffic conditions.

“Our collaboration with Gemtek is strong validation that the ecosystem recognizes LPO+ for today’s 800G and the step up to 1.6T LPO optical connectivity,” said Doron Tal, SVP & GM of Optical Connectivity at NewPhotonics. “Working with global leaders like Gemtek accelerates adoption of our LPO+ chips, which bring optical signal processing directly onto the photonic IC and redefines how data centers will scale interconnect for AI.”

To learn more about Gemtek products and the availability of NPG10202 LPO+ -based transceiver modules, please visit https://www.gemteks.com/en.

About Gemtek Technology

Founded over three decades ago, Gemtek Technology is a global leader in wireless communications, broadband access, and IoT solutions. Renowned for its innovation and quality, Gemtek partners with leading telecom operators and global brands to shape the future of connectivity. For more information, visit https://www.gemteks.com/.

About NewPhotonics

NewPhotonics is a fabless semiconductor company based in Tel Aviv, Israel that designs and supplies innovative photonic integrated circuit (PIC) solutions with advanced optical signal processing for scale-out and scale-up data center interconnect. Founded in 2020, NewPhotonics is privately held and funded. For more information, visit www.newphotonics.com.  

Press Contacts:

Gemtek 
sales@gemteks.com, +886 3 598 5535

NewPhotonics 
press.relations@newphotonics.com, +972 3 614-3147  

Logo – https://laotiantimes.com/wp-content/uploads/2025/09/gemtek_logo-1.jpg
Logo – https://laotiantimes.com/wp-content/uploads/2025/09/newphotonics_logo-1.jpg

Ministry of Health Launches Five-Month BN on the Move Championship 2025 to Promote National Wellness

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BANDAR SERI BEGAWAN, Brunei, Sept. 29, 2025 /PRNewswire/ — Over 2,000 residents across all age groups converged at BIBD Connects, Taman Mahkota Jubli Emas, Bandar Seri Begawan, on 28 September 2025 as the Ministry of Health officially launched a five-month nationwide health campaign aimed at combating sedentary lifestyles and promoting preventive healthcare across the nation.

Campaign targets improving daily physical activity levels as national data shows 35.5% of adults do not meet WHO exercise recommendations
Campaign targets improving daily physical activity levels as national data shows 35.5% of adults do not meet WHO exercise recommendations

The BN on the Move Championship 2025 will run through February 2026 with monthly challenges and lucky draws designed to sustain participation among the 400,000 Bruneians already using the BruHealth application.

Yang Berhormat Dato Seri Setia Dr Haji Md Isham bin Haji Jaafar, Minister of Health, attended as Guest of Honor and joined other VIPs and participants in the morning walkathon, demonstrating leadership commitment to the national wellness initiative.

Building on 2023’s BN on the Move programme which engaged 92,342 users, this year’s championship introduces monthly lucky draws, contributed by 49 corporate sponsors led by Bank Islam Brunei Darussalam (BIBD) as Main Sponsor. Participants earn lucky draw entries by completing daily step goals and weekly health challenges through the BruHealth app. Each completed monthly challenge provides entries into that month’s draw, with additional entries for team-based achievements.

This morning’s launch featured three simultaneous activity zones, with participants split between a 2.5-kilometer walkathon route, an Aerobics session, and high-energy exercise classes. The event also provided free health screenings including cardiovascular disease screening, and the debut of the BN on the Move’s mascot, Oyen and his friends – Abu, Petir and Rimba.

The campaign connects with recent Ministry initiatives including the National Health Screening Programme (NHSP), reinforcing the government’s preventive healthcare strategy under Brunei Vision 2035.

EVYD Technology Sdn Bhd, the technology partner behind BruHealth, is coordinating the campaign integration. “This championship transforms the success of our 2022 BN on the Move pilot programme and 1 Billion Steps Together, which saw 12,000 registrations within 3 days, into a nationwide movement,” said Abby Tan, General Manager of EVYD Technology.

At EVYD Technology, partnering with the Ministry of Health of Brunei on the BN on the Move National Fitness Challenge is not only about driving participation — it embodies our vision of “innovation for better lives.”

As more Bruneians use BruHealth to manage their health and engage in physical activity, the initiative demonstrates how technology can be transformed into a force for inclusive well-being — bringing the warmth of a trusted “health partner” to communities in Brunei, the region, and beyond.

Corporate partners contributing to the campaign include Bank Islam Brunei Darussalam, Kristal Media Sdn Bhd, Imagine Sdn Bhd, Superwater Marketing Sdn Bhd, AIA Singapore Pte Ltd, Concepts Computer, RTCT Diagnostics and Vitaliv Health and Wellness Clinic, providing prizes ranging from fitness equipment and vouchers to wellness experiences.

Citizens can participate by downloading the free BruHealth app and registering for BN on the Move Championship.

 

Lupin Strengthens its Global Specialty Ophthalmology Business with Acquisition of VISUfarma from GHO Capital

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LONDON, ROME and ZUG, Switzerland, Sept. 29, 2025 /PRNewswire/ — Global pharma major Lupin Limited (Lupin) (BSE: 500257) (NSE: LUPIN) (REUTERS: LUPIN.BO) (BLOOMBERG: LPCIN), today announced its wholly owned subsidiary, Nanomi B.V. (‘Nanomi’), has signed a definitive agreement for the acquisition of VISUfarma B.V. (VISUfarma), a portfolio company of global healthcare specialist investor GHO Capital Partners LLP (GHO). The acquisition of VISUfarma, with its broad portfolio of innovative eye health products and established commercial infrastructure, aligns with Lupin’s strategy to expand its European business and footprint and to advance the company’s global specialty franchise.

By integrating VISUfarma’s established commercial operations, Lupin will tap into the attractive ophthalmology market, which is experiencing significant global growth driven by an aging global population, the increasing incidence of diabetes-related eye complications, and growing awareness of preventive care.

VISUfarma’s established European operations will provide market expansion opportunities, direct presence and further business diversification across major European countries, including Italy, the UK, Spain, Germany and France. In addition, VISUfarma’s broad portfolio of 60+ branded ophthalmology products will present growth opportunities to accelerate Lupin’s expansion into the specialty segment across regions, and is projected to drive growth in Europe as well as in other markets.

Vinita Gupta, CEO of Lupin, said, “We are delighted to welcome VISUfarma into the Lupin family. This acquisition strengthens our commitment to delivering innovative medicines to the patients and communities we serve. Beyond being immediately accretive, it also broadens our presence in Europe and further builds our specialty franchise in Ophthalmology.”

With the integration of VISUfarma, Lupin will offer a complete portfolio of products in the areas of dry eye, glaucoma, eyelid hygiene, blepharitis, retinal health and highly focused nutraceuticals prescribed by ophthalmologists.

Lupin will finance the acquisition with existing cash on balance sheet. The acquisition is expected to be accretive to Lupin’s growth and margin profile. The transaction is projected to close by the end of 2025, subject to certain closing conditions.

Andrea Ponti, Managing Partner and Mike Turner, Partner at GHO Capital, added, “Working closely with the VISUfarma management team, GHO Capital has transformed the company from a domestic Italian ophthalmic player into a unique pan-European business with established operations across key markets, a robust product portfolio covering the main disease areas impacting both the front- and back-of-the-eye, and the infrastructure to continue its growth trajectory. We are pleased to have found a partner to help grow VISUfarma further and leverage its strengths to build a global ophthalmology franchise.”

Paolo Cioccetti, CEO Italy, VISUfarma, added, “Combining with Lupin represents an exciting new chapter for VISUfarma. As part of Lupin’s ophthalmology operations, we will build towards a global ophthalmology franchise with a commitment to advancing eye care and improving patient outcomes. We want to express our sincere gratitude to GHO Capital for their unwavering support and strategic guidance. Their investment and expertise have been instrumental in transforming VISUfarma into a pan-European leader of ophthalmology pharmaceuticals.”

Centerview Partners UK LLP served as exclusive financial advisor to Lupin and Herbert Smith Freehills Kramer LLP served as legal counsel to Lupin. 

Stifel acted as exclusive financial advisor to GHO Capital. Slaughter and May, Giliberti, Triscornia e Associati and Norton Rose Fulbright acted as legal counsel and Deloitte served as financial and tax advisor to GHO Capital.

About Lupin
Lupin Limited is a global pharmaceutical leader headquartered in Mumbai, India, with products distributed in over 100 markets. Lupin specializes in pharmaceutical products, including branded and generic formulations, complex generics, biotechnology products, and active pharmaceutical ingredients. Trusted by healthcare professionals and consumers globally, the company enjoys a strong position in India and the U.S. across multiple therapy areas, including respiratory, cardiovascular, anti-diabetic, anti-infective, gastrointestinal, central nervous system, and women’s health. Lupin has 15 state-of-the-art manufacturing sites and 7 research centers globally, along with a dedicated workforce of over 24,000 professionals. Lupin is committed to improving patient health outcomes through its subsidiaries – Lupin Diagnostics, Lupin Digital Health, and Lupin Manufacturing Solutions.

To know more, visit www.lupin.com or follow us on LinkedIn https://www.linkedin.com/company/lupin

About VISUfarma
Founded in 2016 through the combination of the Italian company Visufarma SpA and the European commercial activities of the Nicox SA, VISUfarma is a specialty pharmaceutical company focused on ophthalmology. It generated €48m in revenue in 2024 across Italy, the UK, Spain, Germany, France and certain international markets. VISUfarma has been owned by GHO Capital since 2016.

About GHO Capital
Global Healthcare Opportunities, or GHO Capital Partners LLP, is a leading specialist healthcare investment advisor based in London. We apply global capabilities and perspectives to unlock high growth healthcare opportunities, targeting Pan-European and transatlantic internationalisation to build market leading businesses of strategic global value. Our proven investment track record reflects the unrivalled depth of our industry expertise and network. We partner with strong management teams to generate long-term sustainable value, improving the efficiency of healthcare delivery to enable better, faster, more accessible healthcare. For further information, please visit www.ghocapital.com.

 

ASEAN Banks Make Progress on Climate Action but Gaps Remain, ARE Report Reveals

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SINGAPORE, Sept. 29, 2025 /PRNewswire/ — Asia Research & Engagement (ARE) today launched Bridging the Gap: Have ASEAN Banks Caught Up on Climate Action?, a report assessing the climate strategies of major banks in Indonesia, Malaysia, Thailand, and the Philippines. The study finds that ASEAN banks are making measurable progress, with 11 of 14 setting long-term net-zero goals for financed emissions—up from three in 2022—but still trail banks in Japan, Singapore, and South Korea, where decarbonisation targets are broader, deeper, and aligned with national net-zero goals for 2050.

The Region’s Biggest Banks in Focus
The report covers 14 banks across four ASEAN markets:

  • Indonesia: Bank Central Asia, Bank Negara Indonesia, Bank Rakyat Indonesia, Bank Mandiri.
  • Malaysia: CIMB, Maybank, Hong Leong
  • Philippines: BDO, Bank of the Philippine Islands, Metrobank
  • Thailand: Bangkok Bank, KBank, Krungthai, Siam Commercial

Policy Progress: Malaysia Leads, Thailand and Indonesia Catching Up
Average policy performance rose to 38% in 2025 from 20% in 2022. More than half of banks have committed to stop new coal financing, and five have timelines to phase out existing coal exposures. Six lenders have policies addressing high-carbon industries, though only five have net-zero targets aligned to 2050.

Thailand’s KBank is the only bank that has a disclosed policy on restricting gas-fired power financing. Overall, Malaysian banks CIMB and Maybank lead the rankings, while Indonesia’s BRI and Thailand’s Siam Commercial Bank have shown strong improvement.

Governance Strengthening: Thailand and Malaysia Lead, Indonesia Shows Rapid Improvement
Governance practices improved significantly, with average performance rising to 54% from 39% in 2022. All banks disclose board sustainability responsibilities, and more than half have climate expertise at board level. Thailand’s KBank and Malaysian banks CIMB and Maybank are top performers, while Indonesia’s BCA and HLB show the most improvement.

Risk Management: Indonesia and Malaysia Lead, Thailand Strengthens
For the first time, eight banks disclosed financed emissions in 2025, up from none in 2022, while 10 banks now report portfolio exposure to high-carbon sectors (up from four). Indonesia’s BRI and Mandiri stand out as the most improved performers, with Thailand’s KBank also showing notable progress. The adoption of client-level transition risk plans and PCAF methodologies reflects growing maturity across the region, though only three banks have yet integrated physical risk scenario analysis effectively.

Opportunity: Green or Sustainable finance up an order of magnitude from a low base
Banks have found significant growth in green and sustainable finance opportunities. In 2025, nine banks disclosed targets, up from only five in 2022. For those banks with targets in both years, the level of financing is an order of magnitude higher, albeit from a low base.

Commenting on the findings, Ben McCarron, Founder and Managing Director of ARE, said, “ASEAN banks are making significant progress—from stronger governance and net-zero commitments to new restrictions on coal financing—but there’s more to do. Through our benchmarking series – from Shifting Gears (2024) and Banking Asia’s Future (2022) – ARE acknowledges the institutions leading change, while pressing the region’s banks collectively to accelerate the transition to a low-carbon ASEAN.”

-Ends-

Note to editors:

Selection Criteria and Methodology for ASEAN Banks Assessment

The report covers 14 banks across four developing Asian economies:

  • Thailand: 4 banks
  • Indonesia: 4 banks
  • Philippines: 3 banks
  • Malaysia: 3 banks
  • Combined Assets & Loans: USD1.6 trillion in total assets; USD1 trillion in total loans.
  • For each market, 3–4 of the largest banks were selected by market capitalisation.
  • 12 banks overlap with 2022’s Banking Asia’s Future report.

Visit ARE to download our full series of reports on banking and climate action in Asia.

About Asia Research & Engagement (ARE) 

ARE brings leading investors into dialogue with Asian-listed companies to address sustainable development challenges and help companies align with investor priorities. With decades of Asia experience, our cross-cultural team understands the region’s unique needs. Our high-quality independent research, robust investor network, and engagement expertise, provide corporate leaders and financial decision makers with insights leading to concrete action.

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