News

Unable to lower commercial bank interest rates, Indonesia's central bank decided to nominate the rates beginning the close of the first quarter.

Banks in Singapore are lobbying against the US' Foreign Account Tax Compliance Act or Fatca.

Earnings of ANZ, ASB, BNZ, Westpac and Kiwibank for the last six months of 2011 rose by 25 percent to $2.8 billion.

HSBC is pleased with the progress of its Malaysian operations, which has been growing in the last two years.

Bank Islam Malaysia Bhd still has its eyes set on expanding in Indonesia.

Aided by steady demand for business funds in areas hit by the massive March earthquake, Japanese bank lending grew 0.7 percent in January from a year earlier to 396.73 trillion yen

Name your best banking and finance institutions in the inaugural Asian Banking and Finance Wholesale Banking Awards 2012.

One banker’s feast is another’s poison pill it seems.

China's "Big 4" banks extended about US$50.8 million of new loans in January, reports China Securities Journal.

Regulators are inclined to give Chinese banks more time to meet tougher capital rules requirements.

Citigroup, Inc. has become the first western bank and the second foreign bank permitted to issue its own credit card brand in China. It is the world’s largest issuer of credit cards.

A research group forecasts CIMB Group's non-interest income for financial year 2012 to be better-than-expected.

A leading Singapore bank raises the issue that some Indian taxes restrict the growth of branch banking in India.

VietinBank offically opened a branch in the Lao People’s Democratic Republic.

Eligible financial institutions operating in Malaysia might obtain Malaysian ringgit liquidity from Bank Negara by pledging Thai baht, or Thai government and central bank debt securities with it.

China’s Premier and Vice Premier want banks to keep veering away from speculators and instead support the real economy.