News
China's banking authorities deny 30% home lending discounts
China's banking authorities deny 30% home lending discounts
The PBOC said reports that it allowed 30 percent lending discounts to first-time home buyers contain deliberate misinterpretations.
CIMB sees its Indonesia earnings surpassing that from Malaysia
CIMB predicts that its business in Indonesia will surpass that from its home base of Malaysia in profit before tax in three years.
TienPhongBank to lend $144M in low interests
TienPhongBank has allocated US$144 million to provide low-interest loans for enterprises.
Electronic fund transfers in India to become free
The Indian government urged the Reserve Bank to find a way in making electronic fund transfers free of charge.
Allahabad Bank targets 21% growth
Allahabad Bank has set a business growth target of 21.39 percent by end of the current fiscal.
Indonesia’s Bank Jabar to acquire 51 small banks
Bank Jabar plans to buy a majority stake in 51 rural banks this year to tap the potential of small and micro businesses.
S. Korean banks warned against loan defaults
Loan delinquency rates have accelerated in Korea, making it imperative for lenders to better manage their loans.
Cathay United Bank to acquire Cambodian bank
Cathay United Bank will purchase 70 percent of the Cambodia-based Singapore Banking Corp. Ltd.
BSN's new service helps bring deals worth $15.8M
BSN posted over 600,00 transactions nationwide worth RM50 million or US$15.8 million since introducing its Banking Beyond Branches service in January.
Competition among small and big Chinese banks increasing
Small Chinese banks are taking away business from their bigger, state-owned rivals with simple offerings such as higher interest rates.
China to relax limits on lending
China's central bank implemented an interest rate cut by 25 basis points, the first reduction since the end of 2008.
China's first tech-focused bank to open in Shanghai
The first bank in China focusing on technology companies will start operating in July.
Shinhan Card market share eroded
Shinhan Card’s supremacy in the credit card market has eroded due to the aggressive marketing from rivals.
Liberalization to stoke volatility in China's banking sector
The stable policy environment that is the foundation of stability in China's baking sector is under threat.
S. Korea’s Woori to buy 33% stake in Indonesia’s Bank Saudara
Woori Bank plans to buy a 33 percent stake in a small Indonesian bank.
Pakistan's central bank wants more focus on SMEs
State Bank of Pakistan Governor Yaseen Anwar wants banks to prioritize SME banking and ensure the uninterrupted flow of finances to SMEs.
China's 'city commercial banks' post good results in 1Q12
The banks recorded total assets of US$1.62 trillion with deposits at US$1.1 trillion during the first quarter.
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