News

The Bank of Communications opened its Sydney branch, marking its 11th overseas branch.

The seven-year loan is the telecom's second borrowing this year.

Citibank Indonesia saw its profits from January to September go down by 27 percent.

Korean lenders will increase their loan-loss reserves by more than 20 percent to cope with a potential global financial crisis.

ABC realized a credit card income of RMB6.55 billion in the first three quarters this year.

Vietnam’s central bank plans to create a three-tiered financial industry dominated by 15 lenders.

The Bank for Investment and Development of Cambodia Plc has opened a new branch in Kampong Cham province.

BoC and SMBC will cooperate on yuan-related business to accomodate increasing trade between China and Japan.

Nank of China opened its its sixth branch in Japan in Kobe.

China issued 2.81 billion bank cards as of the end of the third quarter, up 4.9 percent from the end of June.

Group executive for Westpac retail and business banking, Rob Coombe, had resigned and had been replaced by Jason Yetton. 

While Hong Kong’s banking sector does not have a high level of exposure to European countries with severe sovereign debt problems, the global financial markets may still adversely impact Hong Kong's banking sector.

The People's Bank of China and the Hong Kong Monetary Authority have signed a renewed currency swap agreement for a term of another three years.

As it holds 6% of the system's total assets and facilitates 30% of the nation's trade finance.

Can HK banks dispel the risks from European banks’ fundings?

China’s sovereign fund now has 60.46% stake in the lender, up from 59.31%.