News

Standard Chartered experienced faster expansion of its Chinese mainland business than the rest of its units in the  first half of 2011.

Maybank hopes Indonesian ruling on bank shareholding will not be detrimental to foreign investors.

 Ten Chinese commercial banks reported higher-than-expected net profits of 244.7 billion yuan or 72.11 billion U.S. dollars.

And according to Reuters, it’s now looking to buy a retail bank in Thailand.

None of the major banks participated in the latest bidding process presumably because of the huge KRW9.3 trillion funding requirement.  

The Australian bank now has a licence from the Hong Kong Monetary Authority.

China Minsheng Banking Corp's current capital level will still meet operational needs for this year even if the government rejects its financing plan.

ICICI Bank has been asked to pay a fine and return the amount deducted from a customer.

Hong Leong Investment Bank cut its forecasts for CIMB Group's financial years 2011-2013 by 5.2-5.6 per cent due to lower-than-expected loan growth, non-interest income and net interest margin.

The lender’s total bad loans reached $906.53mn in the first half of 2011, an increase of $83.62mn from a year ago.

The rights issue’s proceeds targeted to increase lending in small-to-middle sized businesses and the automotive sector.

In Shanghai, the lender will provide corporate fund collection, corporate loan distribution, export import trade transactions and remittance services.

Uses the social networking site as venue to offer promotional and marketing tool.

The lender’s aims to double the share of internet transactions to 10% by 2013.

Techcombank plans to raise its charted capital to VND8.79 trillion from current VND6.93 trillion through issuing 185.59 million new shares.

Maybank's group profit before tax increased to RM6.27 billion for the year ended June 30, 2011.