China

BOC has awarded contracts to GRG Banking Equipment Co Ltd for new automated teller machines and ATM management software.

Foreign banks and the Chinese government brace themselves for the inevitable economic slowdown.

Reshuffle in China’s financial leadership brought about appointment of Jiang Chaoliang as Agbank chair and Wang Hongzhang as CCB chairman.

The Chinese bank in talks with 3 banks and may shell out US$600mn in the move.

This year, ICBC will continue the launch of direct finance service to support economic restructuring and upgrade, the Bank announced.

A total of 1658 ICBC Telephone Banking call desk staff were on duty during the New Year holiday just passed, attending over 500,000 incoming calls from customers.

ICBC will aggressively extend the "Small Convenient Loan", credit loans to small and micro enterprises, in areas in China where a lot of small and micro enterprises located.

The People’s Bank of China will suspend sales of its three-month bills ahead of the Lunar New Year holiday on Jan. 23.

The People’s Bank of China hopes to avert mounting economic unrest with a series of measures that include more support for struggling entrepreneurs and relaxing curbs on investment and lending.

Europe continues to be the happy hunting ground for leading Asian banks seeking growth through mergers and acquisitions.

Bank of China and Japan's Mizuho Financial are among the banks eyeing parts of the Royal Bank of Scotland.

China's listed banks are expected to raise over 100 billion yuan or $15.78 billion through equity financing next year.

Shanghai Pudong Development Bank's 2011 preliminary net profit rose 42.02 percent year-on-year to 27.24 billion yuan. Revenues for the Shanghai-based lender jumped 35.38 percent from one year earlier to 67.5 billion yuan. Earnings per share increased to 1.46 yuan, according a statement filed to the Shanghai Stock Exchange. The bank's preliminary net profit beat market expectations, as the United Bank of Switzerland previously estimated the lender's profit at 25.39 billion yuan. Total assets rose to 2.69 trillion yuan at the end of 2011, up 22.77 percent from the end of 2010, while the non-performing loan ratio fell 0.07 percentage points to 0.44 percent, the statement said. For the source of this story. click here.

Banking services were still absent in 1,696 remote towns and townships at the end of 2011.

China's cross-bank card transaction surged 35 percent year-on-year to a record high during the three-day New Year holiday.

The China Banking Regulatory Commission has postponed the implementation of new criteria for commercial lenders to the second half of 2012. This is in response to current economic conditions and looser monetary policies, said an official, reports Xinhua News.