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Overseas remittance via Vietnam banks is up.

Ficombank inked a deal with  Remit2Vietnam in transferring remittances from overseas to Vietnam.

Household lending among South Korean banks went up last month due to lower borrowing costs and local lenders'efforts to expand loans. According to figures by the Bank of Korea, household loans, including home-backed lending by domestic banks, reached an outstanding 443.2 trillion won or US$417.2 billion as of the end of June, up 3.4 trillion won from a month earlier.

The Vietnam Eximbank allocated VND 2 trillion to lend local exporters at interest rates of 19.5% p.a. The loan program lasts for 6 months, designed to create favourable conditons for enterprises to access cheap bank loans as requested by the State Bank of Vietnam. The interest rate of 19.5% p.a. was subject to apply for loans to add working capital, purchase goods, materials, andnpay for production costs, etc, it added.  

Banks in Vietnam will face a fine of up to VND100 million if they buy or sell foreign currencies at unofficial rates or impose illegal transaction fees on customers.

South Korea's financial watchdog  requested savings banks with substandard levels of capital to submit self-rescue measures as part of its efforts to overhaul the troubled sector.

SC First Bank temporarily shut down operations at 43 branches in a bid to minimize the impact of a prolonged labor strike, according to Yonhapnews.

CIMB Niaga will lend financial assitance to 7-Eleven suppliers.

Bao Viet Bank raised demand deposit interest rates for businesses to the highest of 12% per annum.

Government investigators found Asian Commercial Bank and Sacombank violating interest rate support.

The decision to raise the Statutory Reserve Requirement by 100 basis points to 4.00 per cent effective July 16, is unlikely to have any visible impact on the credit growth of banks, according to research.

Outstanding loans of Japanese banks fell 0.6 % in June from a year earlier.

Maritime Bank and Vinacomin signed an agreement to cooperate in many fields. Under the agreement, Maritime Bank will provide the State-owned group such services as local and international payment, credits, risk management, and foreign exchange. In addition, the bank will provide consulting and financial services to raise long-term capital for Vinacomin in local and international financial markets. Moreover, the two sides also agreed to consider opportunities to jointly invest in projects. Le Minh Chuan, CEO of Vinacomin, said in a statement that Vinacomin’s capital demand was around US$1.6 billion annually to fund its projects. Therefore, the support from credit institutions like Maritime Bank is very important for the group, he said.

Sberbank would offer its shares in China during a global roadshow this fall.

South Korea's financial watchdog penalized SC First Bank for its violations of local banking laws such as the illegal handling of metal loan services to corporate customers.

Bank Negara Malaysia has raised the Statutory Reserve Requirement ratio from 3.0 % to 4.0 %.