News

China’s first private bank posted a second-quarter net income 20% larger than the year before but triggered a sell-off at the Hong Kong exchange that dragged down other major Chinese banks.

ANZ Bank profited A$4.4 billion for the nine months to June for a 10 percent increase of profits.

Visa has stared a series of training workshops to prepare selected local banks for the introduction of electronic payments in Myanmar.

Alliance Financial Group is pushing for more more business in the consumer and SME sector.

Indian banks have been asked to double the number of ATMs and upgrade it cash collecting machines.

A steady fall in foreign direct investments are crimping the expansion of China’s monetary base.

Krung Thai Bank believes that it will have enough financial muscle to serve non-Thai customers such as state agencies in Myanmar and Vietnam.

Malaysia's central bank has given the green light for Affin to commence negotiations for a possible acquisition of equity interests in Bank Muamalat.

SPD Silicon Valley Bank which focuses on commercial services for technology start-ups opened this week in Shanghai.

Driven by growing loans and wealth management services Maybank beat expectations with a 25 percent rise in second-quarter net profit of RM1.44 billion.

Maybank expects its growth pattern to be in tandem along with the countries it operates in.

ANZ would sell some of its stakes in Asian banks if Australia does not ease stringent capital requirements, said chief executive Mike Smith.

riven by rising loan demand, Bank Tabungan Negara's profit jumped 63 percent in the first half of the year.

Bad debts sour the outlook for India’s largest lender despite a 138% rise in net profit in the three months ended June 30.

The NPL ratio of China's commercial banks at the end of June remains unchanged from the end of the first quarter at 0.9 percent.

Kasikorn Bank plans to offer Chinese-language forms and documents, Chinese-speaking call center and a number of Renminbi-based transaction services.