News

RHB Capital has put on hold its application to acquire Indonesia's PT Bank Mestika Dharma amid Bank Indonesia's plans to limit single-party ownership in commercial banks to not more than 50%.

Singapore alerted banks from the risk of receiving assets of tax evaders or the proceeds of criminal activities.

It is concerned that the profitability and capital buffers of the banks will fall.

Malaysia is giving out financial services licenses to foreign companies to boost banking industry competition.

The move comes amidst renewed pressure to curb costs as many Australian lenders have seen their revenue decreased.

The lender’s strong deposit franchise seen as an advantage if funding remained tight.

Yet the lender denied issuing a proposal to raise $5bn via offshore loans by December.

Yet the realization of the move still depends on the health of US and European economy.

The setting up of office will facilitate greater economic, trade and investment flows between Indonesia, Australia and New Zealand.

The Big-Four banks also disclosed that they made a total provision of $14.4b as of end 1H11.

Full implementation of the new Basel III minimum capital requirements is scheduled for 1 January 2013.

The lender wants a long-term commitment in its growth in China without rushing things.

The bank intends to lend one billion dollars to local businesses in the next six weeks with perks and incentives.

Mizuho has also arranged a number of other cross-border syndicated loans for its clients in the Americas last year.

The lender would further concentrate on enhancing its presence in the corporate, commercial and wealth management businesses in Singapore.

The lender believes Japan offers opportunities for the group as the Japan’s hefty savings could help transform the Australian bank's structural dependence on offshore borrowing.