News

Japanese banks, already reeling from the country’s massive debt, fear international sanctions on Iran could deliver a “big blow” to their system.

The bank will expand its retail lending, private banking and asset management businesses, with a special focus on China, India, Indonesia and Australia.

ICBC will aggressively extend the "Small Convenient Loan", credit loans to small and micro enterprises, in areas in China where a lot of small and micro enterprises located.

The mighty continue to fall victim to the ever-worsening fund drought.

The ongoing financial crisis in Europe will raise regulatory pressure on capital and liquidity for banks and insurers this year.

The Bankers' Association of the Philippines (BAP) believes demand for loans will grow by 15% to 20% this year because of the country’s sound macroeconomic fundamentals.

OCBC Bank plans to open seven new branches through Malaysia in 2012 to cater to its growing customer base.

Macao's loans to local private sector decreased by 0.3 percent month-to-month in November to US%20.57 billion.

The People’s Bank of China will suspend sales of its three-month bills ahead of the Lunar New Year holiday on Jan. 23.

HSBC Amanah Malaysia Bhd will introduce an innovative sukuk this year for retail investors to maintain HSBC's position as a leading sukuk house.

The People’s Bank of China hopes to avert mounting economic unrest with a series of measures that include more support for struggling entrepreneurs and relaxing curbs on investment and lending.

VietinBank held a conference to assess the results of business performance in 2011 and set the direction and tasks in 2012. Among the participants was State Bank of Vietnam Governor Nguyen Van Binh.

he public questioned why Eximbank invested and holds a quite large ownership ratio in Sacombank while some big shareholders of were divesting capital.

Vietcombank will target a 6.5 trillion dong of pre-tax profit in 2012.

Shanghai Pudong Development Bank's 2011 preliminary net profit rose 42.02 percent year-on-year to 27.24 billion yuan. Revenues for the Shanghai-based lender jumped 35.38 percent from one year earlier to 67.5 billion yuan. Earnings per share increased to 1.46 yuan, according a statement filed to the Shanghai Stock Exchange. The bank's preliminary net profit beat market expectations, as the United Bank of Switzerland previously estimated the lender's profit at 25.39 billion yuan. Total assets rose to 2.69 trillion yuan at the end of 2011, up 22.77 percent from the end of 2010, while the non-performing loan ratio fell 0.07 percentage points to 0.44 percent, the statement said. For the source of this story. click here.

Banking services were still absent in 1,696 remote towns and townships at the end of 2011.