News

Hong Kong delivered the highest profit of US$3.1b.

Indonesia’s average annual 6% growth opens up opportunities for more small loans.

Maybank’s subsidiary had no plan to delist from the Thailand’s stock exchange as a free float of 15% was still held by retail investors.

CBRC raised concern that $1.7 trillion of lending to local governments may trigger a series of bad debts that could lead to another banking bailout.

Bank Rakyat Indonesia's January-June profit rose 57 percent to Rp 6.79 trillion or US$ 801 million from the same period a year earlier.

The use of Internet banking in South Korea rose 0.7 percent in the second quarter from three months earlier.

The lender seeks to sell at least 40% to funds, companies or wealthy individuals as it is expected to list in Hong Kong on Aug. 18.

The sale to Hana of its 6.25% stake in KEB will earn KEXIM about $209.1mn in net profit.

The central banks of Kazakhstan and China have agreed to open special accounts under an agreement on yuan/tenge swap.

Kim Eng says DBS may profit the most with $719m in 2Q11.

International Finance Corporation has loaned a record US$505 million to Vietnamese banks for the fiscal year 2011.

Asia Commercial Bank has launched a new service that allows its cardholders to transfer money to other banks through automatic teller machines.

Mizuho Financial Group Inc. is in final talks to buy a stake in Vietcombank for as much as ¥60 billion.

Commonwealth Bank of Australia chairman David Turner appointed Ian Narev as new CEDO to replace Ralph Norris who will retire in November.

Bank of China announced that it has provided more than 12 billion yuan or 1.9 billion U.S. dollars of loans to support Tibet's development over the past ten years.

Maybank plans to add 120 branches in Indonesia overthe next two years.