News

Maybank eyes Muslim market in southern Philippines

Maybank will expand its financial services and investing in the Mindanao region of the Philippines.

Maybank eyes Muslim market in southern Philippines

Maybank will expand its financial services and investing in the Mindanao region of the Philippines.

Hong Kong banks threatened by intensifying competition from foreign banks

Aggressive Chinese banks increased their presence in Hong Kong from 9% to 15%.

Metrobank's loan growth forecast to increase 15% in 2013

Transaction fee income is an impetus for earnings expansion.

10 Thai banks' combined net profit up 24% to Bt162b

But guess which bank is the laggard with a 60% earnings drop?

Citibank achieves first cross-border renminbi lending deal

Citibank (China) Company last week completed its first cross-border renminbi lending transaction.

UK becomes G7 leader in offshore renminbi trade

The Bank of England will soon become first G7 central bank to enter into a foreign exchange swap agreement with China.

Morgan Stanley gives up banking license in India

New regulations forces hand of sixth largest US bank.

China's ICBC targets expansion in East Malaysia

ICBC sees its expansion in Kuching as a gateway to further expand throughout the Sarawak and into Sabah.

China banks no longer the main sources of long-term financing

They just provided 25% of financing to corporates in 2012.

Maybank injects US$100m capital for growth in the Philippines

It recently invested US$48m for a new head office in Manila.

Foreign banks protest proposed Indonesian banking law

Bill also limits investors to a controlling share in only one bank.

China claims foreign banks upbeat about its economy

Weak US recovery and the persistent Eurozone crisis make China a better bet.

PBOC to speed-up SLOs

Central bank to begin carrying out more Short-term Liquidity Operations (SLO).

China to cut bank card fees

Move aims to spark domestic consumption in wake of inevitable economic slowdown.

New Zealand banks leads in loan-to-deposit ratio

Bests 13 other Asia-Pacific countries, said Moody's Investors Service.

This is what HSBC's China stake restructuring does to its capital position

It increases HSBC's 2013 fully loaded Basel III core Tier 1 ratio by 80bp to 11.5%.