News

ANZ to protect margins with increased interest rates

ANZ chief executive Mike Smith  promised to protect future profits by again raising lending rates independently of the Reserve Bank.

ANZ to protect margins with increased interest rates

ANZ chief executive Mike Smith  promised to protect future profits by again raising lending rates independently of the Reserve Bank.

Outlook rosy for South Korea's financial groups: analysts

Analysts forecast that South Korean financial services groups will post robust earnings this year.

IBK's earnings dip 73 % to $33M in Q4

Increase in loan-loss provisions caused IBK's fourth-quarter earnings to go down by 73 percent from one year ago.

Korea Eximbank forms consultative body with 5 Chinese banks

Korea Eximbank will form a consultative group with five Chinese banks to help Korean firms win large overseas projects.

Bank of Tokyo explores Cambodian market

The Bank of Tokyo Mitsubishi UFJ will penetrate deeper into the Cambodian market with the launching of its representative office.

HK's credit card receivables up 10.9% in 4Q

Hong Kong's total credit card receivables went up 10.9 percent to US$13 million in the fourth quarter of 2011 from a year earlier.

Australia’s Westpac begins to bleed

One of Australia’s most stable banks is cut by the banking crisis.

Pakistani banks failing to mobilise deposits

While Pakistani banks are earning profits, they failed to mobilise deposits which fell between June and November 2011 and in January 2012. There was a marginal rise in December.

Indonesian bank to open Saudi branch

Bank Negara Indonesia will open a branch in Saudi Arabia this year.

HSBC to increase Mainland branches by over sevenfold

Mainland Chinese will soon be seeing much more of HSBC.

Danamon`s profit up 16% in 2011

Bank Danamon increased its consolidated profit by 16% to Rp3.34 trillion in 2011from Rp2.88 trillion in 2010.

SMFG leads Japan’s second wave of global M&As

The strong yen, a bane for Japanese exporters, is proving a gold mine for Japanese banks intent on mergers and acquisitions aboard, especially in Europe.

ICBC Beijing posts over 60% growth in small business loans in 2011

ICBC Beijing branch's total outstanding small business loans grew more than 60% to nearly RMB 15 billion by end-2011.

AMMB enjoys 19th month of consecutive profit growth

AMMB's 9-month pre-tax profit until Dec 31, 2011 surged to RM1.598 billion from RM1.439 billion it posted for the same period last year.

Bank of Taiwan to open Shanghai branch

It’s another advance for cross-strait banking.

Malaysian intitutions alerted against US FATCA

Malaysian financial institutions were asked to make an impact assessment on the proposed FATCA regulations.

HSBC opens 58th Malaysian branch--the first in Sabah-Sarawak

HSBC opened its first branch in the Sabah-Sarawak area at Inanam, expanding the total Malaysian branch network to 58 location.