More News

OCBC NISP posted a net income of Rp 407 billion in the first half.

The Association of Banks in Malaysia is sharing ideas with SMEs, business organisations and banks in Sabah and Sarawak through dialogue.

Bank Simpanan Nasional will appoint 260 agents by year-end to boost the current 57 agents for its 3B services in Penang.

Bank of East Asia (China) Ltd has opened a sub-branch in Zhanjiang, Guangdong province to provide comprehensive renminbi and foreign currency banking services.

Bank BJB increased its net profit by 10.29 percent to Rp 600 billion or US$63.21 million the first half.

The former Shenzhen Development Bank will now operate under the name Ping An Bank after it has been absorbed in a merger.

Myanmar has outlined a master plan for monetary development to be implemented with the assistance of the World Bank.

Federal Bank has reported a net profit of Rs.190.35 crore for the first quarter ended June 30, 2012, against Rs.146.16 crore in the year-ago period, an increase of 30 per cent.

Security Bank has expanded its branch network and has put up Security Bank Savings.

Woori Finance suffered a 63.1 percent dip on its second-quarter earnings on higher loan-loss reserves and a falling profit margin.

Standard and Poor's foresees most banks in Southeast Asia capable of withstanding external pressures but must brace for slower economic growth amid the uncertain external environment in 2012.

Bank of India is mandating a seven-bank group for a $175m two-year loan.

For the past two years, a branch of the Vietnam Development Bank has received no customer capable of meeting its criteria for loans.

The solution was demonstrated in front of more than 300 business partners and representatives.

Higher provisioning for bad loans pulled Punjab & Sind Bank'snet profit by 62.5 percent at Rs 24.03 crore for the first quarter ended June 2012.

Polaris Financial Technology successfully implemented its state of the art Intellect Core Banking Solution at MAXBANK.