News
China delays new capital rules for banks
The China Banking Regulatory Commission has postponed the implementation of new criteria for commercial lenders to the second half of 2012. This is in response to current economic conditions and looser monetary policies, said an official, reports Xinhua News.
China delays new capital rules for banks
The China Banking Regulatory Commission has postponed the implementation of new criteria for commercial lenders to the second half of 2012. This is in response to current economic conditions and looser monetary policies, said an official, reports Xinhua News.
Vietnam's first merged bank officially inaugurated
Saigon Commercial Bank, the first merged bank to be formed under the State Bank of Vietnam’s plan to restructure the banking system, officially became operational.
IMF to test Japanese banks' vulnerability to govt bonds
The IMF is conducting is gauging the vulnerability of Japanese banks to a potential drop in the value of their huge holdings of Japanese government bonds.
ANZ to expand own brand in Vietnam
ANZ will sell its 9.6 per cent stake in Sacombank to another Vietnamese lender, Eximbank.
Indonesian banks asked to slash interest rates to fuel growth
Indonesia's commercial banks were told to cut interest rates on loans to less than 10 percent to fuel economic growth.
Closed Philippine rural banking system opens to foreign investments
A recently passed bill will allow non-Filipinos to buy and own up to 40% of a rural bank’s authorized capital stock.
UCO Bank auctions non-perfroming assets next week
UCO Bank will open the auction for sale of Rs.3 to 4 billion non-performing assets next week.
Taiwan's Cathay Fin buys stake in Taishin from Newbridge
Cathay Financial has bought a 3.45 percent stake in Taishin Financial for T$4.7 billion or $155 million from private equity fund Newbridge Capital.
Taiwan banks upbeat with new China ties
Banking ties with China may boost Taiwan's banks this year amid an overcrowded home market and a global economic environment that could reduce their profits.
Thailand relaxes tight controls over foreign banks
Foreign banks, long prohibited from opening branches in Thailand, will find this strangling state of affairs somewhat easing in 2013.
Plans of Indian banks to form subsidiaries get nixed
The Reserve Bank of India rejected proposals by several banks to launch wholly-owned subsidiaries.
Taiwan's Hua Nan seeks 20% stake in Fujian Haixia Bank
Hua Nan Financial is seeking a 20 percent stake in Fujian Haixia Bank, in what would be the first direct banking investment between Taiwan and China.
Chinese regulators reclassify local govt debts as corporate loans
Local government debts in China are being reclassified as general corporate loans to ease banks’ provisioning requirements for potential bad loans.
South Korea's top banks brace for lower profits in 2012
This year won’t be a happy one for the bottom line of South Korea’s major banks.
Chang Hwa Bank targets launching sub-branch in China
The lender plans to increase presence in Kunshan, where many Taiwanese investors have formed manufacturing clusters.
Cathay United Bank strikes deal with China Development Bank
Part of the MOU is to further efforts to carry out personnel training to further boost business exchanges between lenders.
China regulator allows entry of 2 additional Taiwanese banks
The first six Taiwanese lenders given license in China may soon be allowed to offer Renminbi services.
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