News

The Commonwealth Bank of Australia bucked uncertain business environment to push its profit up 11 percent from last year to US$7.43 billion.

Alliance Financial Group 's revenue for the first quarter ended June 30, 2012 rose to RM319.34 million from RM307.07 million last year.

AMMB Holdings is targeting an annual net profit of between nine and 12 percent for the next three years.

Commercial banks in Thailand are more inclined to focus on medium-sized to large property developers, which are less likely to default, bank executives say.

ICICI Bank has become picky about lending to power and infrastructure projects, stopped motorcycle loans and has stopped offering new credit cards.

BNI is looking to partner with 46 Japanese regional  operating in Indonesia within the year.

Thailand's commercial banks are fiercely competing for deposits as lending expanded 14.2 percent in the second quarter against 10.1 percent year-on-year growth of deposits.

The bank aims to regain market share this fiscal year.

CIMB Group will expand in Laos through its Thai unit as the two countries share a historical and trade relationship.

Thai banks are cool to Finance Minister Kittiratt Na-Ranong's advice to recapitalise as many of them have built up reserves aggressively in the past year.

Bank Indonesia will require also Shariah banks to toughen down payments on housing and automotive loan.

KrungThai Bank hopes to raise at least Bt14 billion via a rights offering.

CIMB Thai Bank is adjusting its deposit structure to expand the number of retail customers.

This is over 20% below the market forecast of US$108 billion.

Taishin Financial Holding will diversify its product lines after securing a deal to buy the local unit of New York Life Insurance Co.

Rizal Commercial Banking Corp.'s income grew 35 percent year-on-year in the first semester to P3.01 billion or US$71.95 milllion.