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ABC firms up support for Xinjang development
ABC firms up support for Xinjang development
Chinese banks and neighbor banks should enhance cooperation between Asia and Europe amd the rapid development of Xinjang, said Mr. Che Yingxin, Chairman of the Agricultural Bank of China.
Vietnam banks race to raise gold saving interest rates
Gold saving interest rates at many Vietnam banks have increased sharply from 0.1% – 0.5%/year to 1% -1.5%/year. There are some banks that have raised the interest rate of gold savings up to 2.6% per year.
BPI microfinance bank taps microinsurance business
3 BPI units join forces to deliver insurance products to low-income earning Filipinos
CIMB Group acquires 70% of SICCO Securities Public Company in Thailand
The total cash consideration was THB767,907,519.20 or approximately RM78,426,395.
Public Bank's low share price warns of downside risk for banks
Public Bank's share price fell to almost a year low in late September, closing 16 sen lower at RM12.04, according to Bernama.
Rough times ahead in Australia banking system
Yet Prime Minister Julia Gillard stressed local banks have only marginal exposure to the euro-zone woes.
AmBank Group to introduce ANZ's Signature Priority Banking
AmBank Group and ANZ have signed an MoU to introduce ANZ's Signature Priority Banking service to AmBank and AmIslamic Bank's affluent retail banking customers.
Bank Islam targets 100,000 depositors for junior account
Bank Islam Malaysia Bhd expects to attract 100,000 depositors and deposits of RM50 million within the first year of the launch of Al-Awfar Junior Savings Account-i for young customers.
Citi opens fourth lending company in China
Chongqing Beibei Citi Lending is the bank’s first lending company located in the western region of China.
Bank Rakyat campaigns for credit card balance transfer
Bank Rakyat launched a credit card balance transfer campaign which allows over 200,000 holders of its credit cards to enjoy an annual profit rate of nine percent and a three percent cash rebate.
Bank of China sets up first overseas commodity units in Singapore
This is the first time that a Chinese commercial bank has established such business overseas.
DBS Bank collaborates with NDB Group in investment banking
Their alliance will cover fixed income issuances, syndications, project financing and mergers and acquisitions.
Asia Commercial Bank eyes joining Vietnam’s top four
The lender’s chief targets to join the club in four years.
Oracle’s new app supports compliance requirements for Islamic banking products
Oracle Financial Services Basel II enables banks to meet Islamic Financial Services Board Guidelines for capital adequacy.
Bank of China to employ GRGBanking cash reconciliation solution nationwide
F@ST Liquid Data is mainly for the reconciliation between ATM Switch data, ATM Journal data and branch data.
Saxo Capital Markets introduces new offshore renminbi
Clients of the firm can now trade the offshore Chinese Renminbi against the US Dollar.
India's housing bank raises provisioning requirement for doubtful assets
The National Housing Bank raised the provisioning requirement for doubtful assets up to 100% while directing housing finance companies to set aside 0.4% of the total outstanding “standard” loans as a buffer.