News
Malaysian financial system benefiting from Japan: Governor
Malaysian financial system benefiting from Japan: Governor
Malaysia welcomes the continued participation of Japanese financial institutions in the domestic financial sector and in the Labuan International Business and Financial Centre.
Bank Jatim stock sale to fund SME loans
Bank Jatim's lending in the first half has reached 94 percent of its full-year target touching Rp 18 trillion or US$1.9 billion, up 12 percent from last year.
CIMB withholds buying RBS India assets
CIMB will not proceed with plans of acquiring RBS India assets due to "unexpected" legal hurdles.
Singapore banks might ride out global financial crisis
Loans and investments made by Eurozone banks in Singapore comprise only 5% of their total exposure.
New Zealand banks profitable despite Euro crisis impact
New Zealand's banks managed to retain profits despite less investments caused by the European crisis.
S Korean Banks expected to net lower profits in 2Q
South Korean banks are expected to suffer sharp decline in second-quarter net profit.
HDFC quarterly net up 18.6%
HDFC reported 18.6 percent net profit at Rs.10,019.10 million for the quarter ended June 30 against Rs.8,445.30 million in the same period last year.
Chinese bank opens for business in Sweden
Bank of China has opened the first Chinese bank branch in the Nordic region.
Dena Bank eyes 20-25% credit growth
The deficit caused by rainfall has not caused any major worry on credit offtake for Dena Bank, although it could be a problem if it worsened.
Five foreign banks end Philippine operations
Financial turmoil in their home countries forces American Express Bank and four other foreign banks to depart the Philippines.
India's public sector banks continue expansion spree
India's public sector banks added about 5,000 branches in 2011-12, estimated to benefit seven crore customers in the country.
Taiwanese banks prepare more mainland expansion
Taiwanese banks are expanding their in the mainland with two opening branches in the last two weeks and another one on the way.
Korea Eximbank sets up Philippine office
Korea Eximbank has set up an office in the Philippines in anticipation of the expected rise in investments from South Korean firms.
UBI targets to boost credit growth by 20%
Union Bank of India intends to open three overseas branches by early 2013 to achieve this goal.
Malaysian banks to relocate off-site ATMs for security purposes
A spate of high-profile robberies in the Klang Valley had Malaysian banks thinking of removing ATMs in malls, supermarkets, petrol and rail stations.
Temasek in search of energy investments
Data from Temasek showed that resources and energy accounted for 6% of its portfolio as of the end of March.
Philippines' BDO targets loan growth of 20%, income growth of 19%
BDO expects a loan growth of over 20-percent in the next three to five years with the expanding economy.
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