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ABC grants loans of over RMB100 B for SMEs

ABC grants loans of over RMB100 B for SMEs

ABC will implement nine financial and fiscal policies supporting the small and micro enterprises enacted by the State Council.

BNP Paribas dealing to buy out Indian broking partner

BNP Paribas is negotiating to but out its Indian partner Geojit Financial Services in an institutional broking joint venture.

City Union Bank holds off plans to raise savings account rates

City Union Bank has decided to hold off plans to revise its interest rates on savings bank accounts.

Commerce chamber in India wants stock brokers to run banks

The Associated Chambers of Commerce and Industry insists that stock broking firms should be permitted to operate banks.

Korean banks end financing for entrepot trade with Iran

South Korean trading firms have been barred from engaging in entrepot trade related to Iranian firms as local state-run banks suspended trade financing in a bid to join U.S.-led economic sanctions against Iran.

India's Andhra Bank to start operations in Malaysia

India's Andhra Bank plans to start operations in Malaysia by as early as next month, according to a report citing the bank’s chairman and managing director R Ramachandran.

China's central bank injects cash via open market

The People's Bank of China stopped draining liquidity from banks through its open market operations this week.

Korean banks to be required park cash reserves for bank bonds

Korean banks will be required to put aside cash reserves for won-denominated bonds that come due in less than two years.

India’s ING Vysya Bank implements Nucleus Software's FinnOne

The bank’s auto loan, home loan, personal loan, education loan and consumer loan functions are now automated.

Hong Leong Finance opens branch in South Bridge road

The new Hong Lim branch has wheelchair-friendly features such as ramp accessibility and lower service counters.

ICICI Bank profit up 22% to $307.5mn

Yet rate increases by the central bank have started hurting demand for retail loans.

CIMB's new product allows clients to trade shares online

CIMB Bank launched its CIMB Trader Deposit Account, a combination of savings deposit with a securitised direct share trading account that allows customers to trade online in any security listed on Bursa Malaysia.

Takaful Malaysia pays RM578,000 profit-sharing to university

Takaful Malaysia paid Mudharabah profit-sharing totalling RM578,000 to Universiti Kebangsaan Malaysia for their Group Takaful Scheme.

Exim Bank of China to boost Xinjiang's economic growth with new branch

The Export-Import Bank of China opened its 19th branch in China at Urumqi, capital city of northwestern Xinjiang Uygur Autonomous Region, according to Xinhua News.

China Construction Bank profit up 16% to $7.3bn

The figure fell short of analysts’ $ 7.72bn forecast.

China Merchants Bank nine month profit up 38% to $4.5bn

Earnings per share stood at 1.32 yuan In the same period.

Bank of Communications third quarter profit up 31% to $1.9bn

Profit met the 11.9 billion-yuan median analysts’ estimate.