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Julius Baer launches China Fund with direct access to domestic market

The Swiss bank used the US$100 million quota granted under its QFII licence by the State Administration of Foreign Exchange in China.

OSK-UOB starts offering Taiwan opportunity fund

With a minimum investment of $336, the fund gives investors opportunities to benefit from Taiwan’s economic growth.

Metrobank first half profit up 45% to $144.04mn

Metrobank’s profit is catching up with that of the industry leader BPI, which amounted to $146.4mn.

Bendigo and Adelaide Bank profit up to $342.1mn

More than 90% of the bank's on balance sheet funding comes from retail deposits.

UOB profit up 5.6% to $525mn

The lender warns of riskier times ahead for Asia amidst global economic uncertainties and volatility.

Prosecutors seek repatriation of Busan Bank's lobbyist from Canada

South Korea's prosecution will speed up the repatriation from Canada of a key lobbyist for Busan Savings Bank to probe his role in a massive influence-peddling scandal.

Maybank expects eDividend market share to increase from 30% to 70%

Maybank is confident of increasing its market share in the electronic dividend payment from 30% to 70% by 2013, with an expected transaction value of about RM10 billion.

Bank of China issues UnionPay dual-currency debit card in Thailand

Bank of China Bangkok became the first Chinese bank issuing the UnionPay dual-currency debit card in Thailand.

ABC Leads 1-Billion-Yuan Bond Underwriting for CITIC Pacific

Agricultural Bank of China Limited successfully led the 1-billion-yuan RMB bond underwriting for CITIC Pacific Limited's 5-year maturity with a coupon rate of 2.7%.

Corporation Bank targets senior citizens in expansion efforts

Corporation Bank is in the process of according special and exclusive services for senior citizens.

ICBC Macau offers precious metal trading

ICBC Macau drew the experience from domestic branches and launched the service of trading precious metal via accounts in order to meet the diversified investment requirement of overseas customers. ICBC Macau immediately became a local focus for being a commercial bank in Macau offering the most complete range of precious metal products, the longest trading hours and highest number of channels for users to buy/sell precious metals. This marked a new breakthrough of ICBC to launch global market services abroad and paved the way for the Bank to roll out across the world. The ICBC Macau's service of trading precious metal via accounts has generated wide response from the market since its launch, said an executive with ICBC. In just a month and a half, number of users has reached 185. A total of 10875.2 ounces, approximately 338 kilograms of gold, silver and platinum has been traded via accounts, generating a turnover of over USD 475,000.

ICBC supports private SMEs in Beijing

ICBC Beijing signed cooperation agreements with Beijing Federation of Industry & Commerce and Beijing Municipal Private and Individual Economy Association to provide financial support to the non-state-owned SMEs in Beijing.

ICBC "Merchant Friend Loan" Helps Small Merchants Grow Their Business

In an effort to help small business owners in various merchandise marts access bank loans, ICBC has recently launched the "Merchant Friend Loan".

ICBC provides RMB1.7B equipment leases to SMEs in first 6 months

ICBC Leasing is giving tailored financial leasing solutions are provided to assist SMEs in production expansion and improvement.

SCB boosts personal loan business by 30%

Siam Commercial Bank's personal loan business grew by 30% for the first half of the yearwith an outstanding loan amount of 18 billion baht.

Krung Thai Bank provides 2 short-term deposit products

To enable customers to gain the highest benefit from investment and to give an option for them to invest to their heart’s content, Krung Thai Bank launched 2 short-term deposit products.