News
ASEAN banking system to be adopted
Central banks in the ASEAN will set up an ASEAN bank system.
Agribank to double lending growth by 2015
Agribank aims to expand its operations and double its credit growth by 2015 even as it undergoes a partial privatisation.
Philippines' SMC to finalize bank sale to Malaysia's CIMB
San Miguel Corp is close to selling 60 percent of its Bank of Commerce to Malaysia's CIMB Group.
Chinese banks loosens stranglehold on struggling property market
China begins to relent after two years of resorting to almost Draconian measures to cool down an overheated property market.
OCBC Bank launches iPad app for home loan fact sheet
The Oversea-Chinese Banking Corporation Ltd has developed an application or app that makes it easier for customers to navigate complex loan requirements.
Bank of China, Huaxia Bank offer lowest rates for first-home buyers in China
Chinese banks have begun offering preferential loan rates for first-home buyers.
Meeting between Taiwan and China monetary leaders in next 3 months
Cross straits banking stands to receive a needed shot in the arm.
Bank Mandiri allocates $4.3 B for SMEs
Bank Mandiri is allocating about 4.3 billion U.S. dollars of loans to SMEs across the country this year,
Sanima becomes India's 32nd commercial bank
Sanima Bank formally launched its operation as a category ´A´ financial institution, making it 32nd commercial bank in India.
Laos' BCEL reports higher profits in 2011
BCEL's initial unaudited profit for 2011 is a 70 percent increase over the 2010 audited figure.
Lao, Thai banks extend cross-border ATM services
Phongsavanh Bank and Bangkok Bank have signed and launched a cross border ATM link project with the Processing Center Company Limited.
Sacombank target of first banking takeover bid in Vietnam
A hostile takeover is brewing as Eximbank leads other shareholders of Sacombank in demanding a new management board.
HSBC Singapore aims ambitious: US$1 billion in profits
HSBC Singapore is 60% on the way to achieving its profit target of US$1 billion by 2016.
Indonesian state banks enjoy big jump in net profits
Three Indonesian state banks reported solid growth in their earnings in 2011 as lending rose substantially during the year.
Only 5 players dominate South Korean banking: data
Only five groups are dominating South Korea's banking industry, industry data showed.
Banco de Oro posts record profit
The Philippines’ largest bank in assets, loans and deposits reports record performance metrics for 2011.
BNI looks to boost Islamic banking business
The fourth largest bank in the world’s largest Muslim country wants to do more Islamic or “Shariah” banking.
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