News

Household loans from banks are down in South Korea for the first time in eight months in September as lenders try to curb growing household debt. Kookmin Bank and three other major banks extended household loans amounting to 276.9 trillion won or US$234.9 billion as of Sept. 29, down 91 billion won from the end of August, according to the data. The September report marked the first monthly fall since January, when banks' household loans declined by 474 billion won. The decline in bank home loans came as local banks scurried to curtail household loans, mostly credit loans, in a bid to meet an advised target by the Financial Services Commission of a 0.6 percent monthly loan growth. The full story is available at Yonhap News.

Taiwan's  Mega International Commercial Bank opened its first branch in Cambodia to attract more Taiwanese investors in the kingdom.

Will the group's investment trusts cause its third major punishment in Japan in 7 years?

The recent PBoC fixes may have played a role in stalling the powerful bid for USD-AXJ amid liquidation dynamics in emerging markets.

Chinese banks have extended more loans to small firms to ease their financial predicaments as the government tightens monetary supply.

Bank Rakyat expects its profit before tax and zakat to reach RM2 billion for its current financial year ending Dec 31, 2011.

VietinBank-CTG gained 87% of the year's profit plan based on its recently released report on performance for the first eight months of this year.

The State Bank of Vietnam’s governor Nguyen Van Binh approved Saigon Bank's application to scale up its chartered capital in 2011.

A strategic alliance has been agreed that will see DBS and NDB collaborate in equity and fixed income issuances, syndications, project financing and mergers and acquisitions. An MoU has been signed by the two groups.

Agribank said it faces no finacial problems even as 6.67 percent of its total loans are bad debts.

Maybank expects its community financial services revenue to grow to RM12 billion in 2015, from the current RM6 billion, due partly to increases in businesses derived from its transformed branches.

Yinson Holdings has signed agreements with UOB Group and Oversea-Chinese Banking Corp Ltd for a US$105 million or RM334.2 million loan.

The proposed amendments would allow banks, credit unions and building societies to issue covered bonds in the Australian market.

The slump in performance of key economies around the world seen to drag down lender’s profits.

Most non-bank lenders were absorbed by giant banks after the financial crisis.

The lender also eyes setting up branch in Phnom Penh.