News
Agricultural Bank of China hit by 15% rise in operating expenses in 1Q13
Net profit was only RMB47b.
Agricultural Bank of China hit by 15% rise in operating expenses in 1Q13
Net profit was only RMB47b.
OCBC's net profit down 16% to S$696m in 1Q13
Blame it on lower trading gains.
Top 3 Chinese banks report double digit earnings growth
Growth rate will keep slowing as margins ease, however.
Vietnamese banks to decrease from 39 to 15 by 2017
Find out what will cause the drop.
Bank of China's net profit up 8% to RMB39.8b in 1Q13
Check out BOC's results here.
BOCHK is best geared to positive CNH developments
Thanks to HKMA easing restrictions on offshore RMB.
3 key takeaways from ICBC's analyst briefing revealed
NIM compression will bottom out in 2Q13.
2 key positives to China Construction Bank's RMB59.6b profit in 1Q13
Find out how profits grew 16%.
Retail credit will continue to drive Indian bank growth
Demand from the corporate sector will continue to remain weak, however.
Guess which is the leading Euro country in terms of RMB usage
RMB payments grew 249% since March 2012.
Maybank Singapore offers range of Islamic banking products
Shariah-compliant banking products to finance property acquisitions.
Only foreign banks doing retail banking will convert to PTs
New banking bill could also exempt foreign banks involved in wholesale business from this.
Deutsche Bank to boost global transaction banking services in Indonesia
Move due to Indonesia’s rising investment and strong domestic consumption.
Merger could follow Bank Danamon takeover
Bank Danamon to merge with Bank DBS Indonesia if deal pushes through.
Sumitomo Mitsui to open bank branch in Perth
Expansion into Western Australia driven by need to support Japanese firms.
Chinese money supply exceeds RMB100 trillion for the first time
It reached RMB 103.61 trillion in March.
Faster financial reforms needed to curtail shadow banking danger
Rising risks from shadow banking make this urgent.
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