News

Several banks expressed interest in establishing sharia banks in Indonesia.

Maybank Islamic expects a 30 per cent growth in Islamic finacing this year.

Bank Indonesia expects sharia banking assets to grow by 45 percent this year after five banks established sharia business units in 2010.

Moody's upgraded China Everbright Bank's (CEB) long-term foreign currency deposit ratings to Baa3 from Ba1. It also upgraded its short-term foreign currency deposit ratings to Prime-3 from Not-Prime. The outlook is stable.

Moody's affirmed Shenzhen Development Bank's Ba2 long-term foreign currency deposit Rating. It also affirmed its D- bank financial strength rating and Not Prime short-term foreign currency rating.

SBV adjusted the terms on the open market operations and made strong net injection of capital to support the liquidity for commercial banks.

DBS  promised better returns after beating expectations with a 38 percent rise in quarterly profit.

DBS  denies having talks with Temasek on buying its 68 percent stake in Indonesia's Bank Danamon .

The bank excluded China in moves as it does not allow foreign financial companies to have management rights.

The lender wants to capitalize on expected corporate lending boom by expanding institutional banking.

The lender wants to expand reach to rural masses by appointing business facilitators or business correspondents.

The total amount of remittance transferred to Vietnam is estimated at about $8 billion. Of which, the total inward remittance sent to Vietnam via VietinBank reached $1.2 billion, rising 30 percent against 2009's and accounting for over 15 percent of the market share.

Hana Financial Group plans to issue shares worth US$1.25 billion in a bid to help finance its takeover of Korea Exchange Bank.  

Industrial Bank of Korea's fourth-quarter earnings rose 5.3 percent from a year earlier on improved lending margins.

KB Financial Group swung to a loss in the fourth quarter from a year earlier due to a massive one-off charge for its job-cut program.

Commercial banks in Vietnam posted solid earnings in 2010 with an average growth in profit of over 20 per cent. Most of the growth is ascribed to lending and foreign exchange trading.