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SBV adjusted the terms on the open market operations and made strong net injection of capital to support the liquidity for commercial banks.

DBS  promised better returns after beating expectations with a 38 percent rise in quarterly profit.

DBS  denies having talks with Temasek on buying its 68 percent stake in Indonesia's Bank Danamon .

The bank excluded China in moves as it does not allow foreign financial companies to have management rights.

The lender wants to capitalize on expected corporate lending boom by expanding institutional banking.

The lender wants to expand reach to rural masses by appointing business facilitators or business correspondents.

The total amount of remittance transferred to Vietnam is estimated at about $8 billion. Of which, the total inward remittance sent to Vietnam via VietinBank reached $1.2 billion, rising 30 percent against 2009's and accounting for over 15 percent of the market share.

Hana Financial Group plans to issue shares worth US$1.25 billion in a bid to help finance its takeover of Korea Exchange Bank.  

Industrial Bank of Korea's fourth-quarter earnings rose 5.3 percent from a year earlier on improved lending margins.

KB Financial Group swung to a loss in the fourth quarter from a year earlier due to a massive one-off charge for its job-cut program.

Commercial banks in Vietnam posted solid earnings in 2010 with an average growth in profit of over 20 per cent. Most of the growth is ascribed to lending and foreign exchange trading.

Bank loans in Vietnam will double by the end of 2013 on the back of subsidized interest rate schemes and large consumer credit demand.

KT seeks to take advantage of increasing use of mobile devices for payments, whose transactions amount to $37.4bn.

Malaysia’s central bank preserves sanctity of the country’s Islamic banking as it assures that products and services are operated under a robust sharia framework.

Orchid Card can be used with Mastercard Worldwide network for retail purchases, withdrawals and online transactions.

Vietnam President Nguyen Minh Triett said he believed that with its advantages in capital and its professionalism, Asia Commercial Bank  would develop faster and stronger. He sees it gradually expanding to penetrate regional and global markets.