News

China to use forex reserves for commercial loans

China to use forex reserves for commercial loans

China has set up an office to handle trusted loans of foreign exchange reserves.

Improved access to credit urged in Thailand

Thai experts wants reduction of people's dependence on loan sharks be pushed on to the national agenda.

Competition in Korean card industry intensifies

Woori Financial will spin off its credit-card unit.

Thailand's TMB Bank slashes NPLs, eyes profitability

TMB Bank is now focusing on return on equity and sustainable profitability.

Singapore banks' mortgage loans to grow by 8% in 2013

Thanks to natural new home buyers and HDB upgraders.

Here's why ICBC outperformed CCB

Find out the 2 factors that led to ICBC's outperformance.

Indian banks seek relief from liquidity squeeze

Look to the Reserve Bank of India to conduct OMOs.

Pakistan wants more branchless banking

There exists a large ‘financially-excluded’ market in Pakistan.

Thailand's SCB aims for double-digit lending growth

Siam Commercial Bank unveiled its plans for 2013 to boost growth.

Siam Commercial Bank takes bigger role as financial adviser

Siam Commercial Bank has gradually reduced its role as a lender for wholesale customers.

S.Korean credit card firms slash rates

South Korean credit card firms vowed to support the low-income bracket with lower interest rates.

Bank service said to affect domestic bliss

A China Merchants Bank service could deposit part of a husband's monthly salary into his wife's account.

Japan's Mitsubishi hopes to acquire Indonesian, Philippine banks

Japan's BTMU is looking to offset its stagnant domestic market by acquiring an Indonesian bank.

HDFC Bank to expand by 250 branches in Gujarat

HDFC will focus on expanding in Gujarat, opening 250 branches over the next three years.

Vietnam’s banks hesitant to charge new ATM fees

Some Vietnamese banks will not charge fees for every ATM transaction.

Foreign stakes to rise in ‘weak' Vietnamese banks

The State Bank of Viet Nam may increase the limit on foreign ownership in ‘weak' banks.

Vietinbank to sell 20% stake to Japanese bank

Vietinbank will selll a 20 percent stake to the Bank of Tokyo Mitsubishi UFJ for US$743 million.