News

Escalating borrowing costs and declining property prices erodes demand for mortgages in the developed world.

The lender’s non-performing loan ratio was only 3.2% as of June as they continued to trim their soured loans and give out more loans.

The sovereign wealth fund’s support for state-owned banks spurred HKSE rally.

Sacombank estimated its pre-tax profit in January-September at VND2.17 trillion unconsolidated, according to Vietnam Daily News, citing a Dau tu newspaper report.

The Commercial Bank of Ceylon has enabled customers to transact in Chinese Yuan for import and export dealings with counterparts in the People’s Republic.

The State Bank of Vietnam governor has issued a decision approving Southern Bank's application to increase its chartered capital to over 3.212 trillion dong., reports Vietnam Daily News.

Twelve Vietnamese commercial banks which account for 85 percent market share have reached an agreement not to exceed the deposit interest rate ceiling of 14 percent per year, according to Vietnam Daily News.

A Deutsche Bank report said the country’s banks can weather recessionary risks and severe shocks to the international banking system.

The company eyes selling 66.74mn new common shares at $7.70 each.

The part of the lender’s school banking program is putting up miniature banks in target 68 schools.

DBS has in turn acquired a 7.25% interest of the enlarged Nikko AM.

The Agricultural Bank of China recorded cross-border RMB settlement volume of RMB121 billion by end of August, including an increase of RMB89.15 billion or increase rate of 1156% in 2011.

ICBC's aggregate assets in overseas subsidiaries rose 37.2% over the end of 2010 to USD 103.869 billion at the end of June. In the January-June period of 2011, overseas subsidiaries of ICBC posted a USD 735 million pre-tax gain, rising 43.0% year-on-year and chalking another historic high. As related by an executive with ICBC, up to end of June, the Bank has 220 overseas subsidiaries in 29 countries/regions and a global network of 1,516 correspondent banks in 134 countries/regions spreading over five continents of Asia, Africa, Europe, America and Australia for the better delivery of services to customers in different markets across the world.

Orient Commercial Joint Stock Bank has received approval from the governor of State Bank of Vietnam to raise its chartered capital to 3 trillion dong.

Habubank finished hiking its chartered capital from 3 trillion dong to 4.05 trillion dong and officially registered the new chartered capital in Hanoi Department of Planning and Investment from September 9, 2011.

Citibank Bhd expects to attract 100,000 new cardholders over the next three years with its newly-enhanced Giant-Citibank Credit Card.