News

Krung Thai Bank reported a net income of 10,730 million baht, its highest semiannually net income in 16 years.  Its quarterly net income soared 55% year-to-year to 1,868 million baht.

BDO, BPI, Citibank Philippines, HSBC and Metrobank agreed to form a body to keep track of good, bad borrowers.

The issue to be used to boost the lender’s working capital is part of a $1.66bn programme.

The company’s largest product in terms of valuation is mutual funds’ assets reached $1.08bn.

Yet weakness in Australian economy’s consumer-exposed sectors and the impact of natural disasters may push bad debts up anew.

The lender’s units in Singapore were its second largest contributor after Hong Kong in the first half.

The $600mn transaction aims to strengthen the lender’s business network across Latin America and enhance our operating capability in the Americas.

The lender plans to open 147 branches in remote areas such as Kashmir, North East and Rajasthan.

South Korea will conduct daily checks on local banks' foreign currency levels to stave off a liquidity crunch amid rising market volatility.

The lender targets $3.1bn if the government retains its 59% stake, $2bn for 51% and $2.43bn for 55%.

HSBC Amanah Malaysia Bhd tapped Islamic Development Bank's International Islamic Trade Finance Corporation's expertise to implement its Shariah-compliant trade financing.

China Merchants Bank's first-half profits increased 40.12 percent year-on-year to 18.5 billion yuan or US$2.87 billion.

Concern on Indonesia central bank’s latest policy prompted the Malaysian lender to halt the bid.

Only six local lenders made it to the NT$10 billion (US$333.33mn) club last year.

Figure enough to fund 9.6 months of retained imports and was 4.5 times the short-term external debt.

Bidv Binh Duong will provide a credit program worth 7.7 trillion dong in 2011-15 period to Becamex IDC.