More News

Standard Chartered Bank Malaysia is now offering a business debit card for SMEs in Malaysia. Through the launch of the SME Business Debit Card, the bank aims to issue a total of 12,500 cards by 2012 to deepen penetration rate and increase debit card spend in the country. "As the sector continues to grow, SMEs require sophisticated range of solutions to meet their changing needs," said Standard Chartered General Manager of SME Banking Vishal Shah. "The SME Business Debit Card is a value added solution that we are extending to our customers and further strengthening our value proposition." The SME Business Debit Card is available to all Standard Chartered's SME customers with current accounts with the Bank. Each account is entitled to apply up to 10 cards. The full story is available at Bernama.

The lender applied for a second branch in China with its Shanghai operations earning US$500,000.

The bank’s profit was better-than-expected estimate of $266.5mn by analysts.

In collaboration with Malaysian travel agent, a new service is eyed to provide boost in its BdC operations.

Liberty Insurance's customers can now pay their insurance premium online by registering for Vietcombank's internet banking service.

The Laos-Vietnam Joint Venture Bank will transform its CorBanking software system with a US$431 million loan from the Corporation for Financing and Promoting Technology of Vietnam . A contract to this effect was inked between FPT and LVB in the Lao capital city of Vientiane. According to LVB General Director Nguyen Kim Dieu, the US$ 4.31 million will help the bank improve the efficiency of using resources and brand name, save expenditures and supply modern products and services.

More than 97% of Standard Chartered Bank customers in Vietnam were served within less than eight minutes since the initiative was implemented in July.

Techcombank has beedn assigned by the State Bank of Vietnam to serve the urban transport development project in Hai Phong City funded by World Bank.

Credit Risk Asia aims to explore how redit risk management, measurement and modeling will change under Basel III.

South Korea's Financial Services Commission suspended the operation of a local savings bank for six months, citing its capital shortage, according to Yonhap News.

Dubai-based Etisalat's Sri Lanka unit said it had inked a deal with with OpenArc, a Colombo-based information technology company to provide a mobile banking service. "At Etisalat we understand that a mobile telecommunication provider's role is changing," Etisalat chief executive Dumindra Ratnayaka said in a statement. OpenArc chief Daya Hettiarachchi said its software was secure and complied with Sri Lanka's central bank guidelines and could be used by any bank, finance company or other firm.

Maybank is aiming for least a RM2.5 billion deposit growth from the new Save & Win Campaign and online savings account called M2U Savers, to strengthen its market leadership in the traditional deposit segment.

The second quarter net beats forecasts as bad loan provisions fall to less than half year-ago level.

The thrift bank achieves double-digit surge amidst interest rate competition on mortgage loans.

Vietnam Eximbank is among the world’s top 25 banks with high growth rates, according to an international financial affairs publication.

Vietnam's central bank allowed Lien Viet Bank to change its name to Lien Viet Post Joint-Stock Commercial Bank after joining forces with Vietnam Post Corporation.