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ABC grants loans of over RMB100 B for SMEs
ABC will implement nine financial and fiscal policies supporting the small and micro enterprises enacted by the State Council.
ABC grants loans of over RMB100 B for SMEs
ABC will implement nine financial and fiscal policies supporting the small and micro enterprises enacted by the State Council.
BNP Paribas dealing to buy out Indian broking partner
BNP Paribas is negotiating to but out its Indian partner Geojit Financial Services in an institutional broking joint venture.
City Union Bank holds off plans to raise savings account rates
City Union Bank has decided to hold off plans to revise its interest rates on savings bank accounts.
Commerce chamber in India wants stock brokers to run banks
The Associated Chambers of Commerce and Industry insists that stock broking firms should be permitted to operate banks.
Korean banks end financing for entrepot trade with Iran
South Korean trading firms have been barred from engaging in entrepot trade related to Iranian firms as local state-run banks suspended trade financing in a bid to join U.S.-led economic sanctions against Iran.
India's Andhra Bank to start operations in Malaysia
India's Andhra Bank plans to start operations in Malaysia by as early as next month, according to a report citing the bank’s chairman and managing director R Ramachandran.
China's central bank injects cash via open market
The People's Bank of China stopped draining liquidity from banks through its open market operations this week.
Korean banks to be required park cash reserves for bank bonds
Korean banks will be required to put aside cash reserves for won-denominated bonds that come due in less than two years.
India’s ING Vysya Bank implements Nucleus Software's FinnOne
The bank’s auto loan, home loan, personal loan, education loan and consumer loan functions are now automated.
Hong Leong Finance opens branch in South Bridge road
The new Hong Lim branch has wheelchair-friendly features such as ramp accessibility and lower service counters.
ICICI Bank profit up 22% to $307.5mn
Yet rate increases by the central bank have started hurting demand for retail loans.
CIMB's new product allows clients to trade shares online
CIMB Bank launched its CIMB Trader Deposit Account, a combination of savings deposit with a securitised direct share trading account that allows customers to trade online in any security listed on Bursa Malaysia.
Takaful Malaysia pays RM578,000 profit-sharing to university
Takaful Malaysia paid Mudharabah profit-sharing totalling RM578,000 to Universiti Kebangsaan Malaysia for their Group Takaful Scheme.
Exim Bank of China to boost Xinjiang's economic growth with new branch
The Export-Import Bank of China opened its 19th branch in China at Urumqi, capital city of northwestern Xinjiang Uygur Autonomous Region, according to Xinhua News.
China Construction Bank profit up 16% to $7.3bn
The figure fell short of analysts’ $ 7.72bn forecast.
China Merchants Bank nine month profit up 38% to $4.5bn
Earnings per share stood at 1.32 yuan In the same period.
Bank of Communications third quarter profit up 31% to $1.9bn
Profit met the 11.9 billion-yuan median analysts’ estimate.