China
Weak deposit growth hammers China’s banks
Loans exceed deposits at a faster pace.
Top 3 Chinese banks report double digit earnings growth
Growth rate will keep slowing as margins ease, however.
Bank of China's net profit up 8% to RMB39.8b in 1Q13
Check out BOC's results here.
3 key takeaways from ICBC's analyst briefing revealed
NIM compression will bottom out in 2Q13.
2 key positives to China Construction Bank's RMB59.6b profit in 1Q13
Find out how profits grew 16%.
China Merchants Bank's net profit up 12% to RMB13b in 1Q13
4 key positives revealed here.
Guess which is the leading Euro country in terms of RMB usage
RMB payments grew 249% since March 2012.
China Minsheng Bank's net profit up 20% to RMB11b in 1Q13
But asset growth decelerated to 2.7%.
The new BRICS bank and its implications for Asia
In the recently concluded 5th BRICS Summit in Durban, South Africa proposals for a new BRICS led development bank were floated and discussed. While the summit failed to finalize plans on the proposed bank’s operations and structure, a ‘broad consensus’ has emerged within the BRICS nations for the need of an alternate multi-lateral development agency operating outside the ambit of the World Bank and its sister agencies.
Chinese bank NPLs up 20.7% to US$84.83b in 1Q13
It's US$5.4 billion more than 2012.
Chinese money supply exceeds RMB100 trillion for the first time
It reached RMB 103.61 trillion in March.
Faster financial reforms needed to curtail shadow banking danger
Rising risks from shadow banking make this urgent.
CBRC orders banks to provide more detail on interbank deals
Unregulated channels may be used to pour funds into speculative real estate.
China secretly issues tougher anti-money laundering rules
Banks to rate their clients' risk of criminal conduct starting December 2015.
Chinese banks continue amassing US dollars
Attain forex surplus for seventh straight month.
BOC to expand operations in Cambodia
Bank of China prompted by rapid business growth in Cambodia.