News

SBI SMILE aims to encourage aspiring Indian entrepreneurs to open business by providing seed-capital.

Bank Mega Syariah Indonesia said demand for Islamic products could boost Islamic lender's ROE by 40%.

Reduction of bad debts resulting from improving global financial climate caused the US$1.44bn cash profit.

The lender capitalises on robust trade between India and Indonesia.

Committee members approving foreign bank’s proposals for branch installation in the country unanimously favored ANZ's return.

100% stake in Sathorn Asset Management with $90.38mln NPL planned to be sold to CIMB Group.

Misery loves company, with Shinsei Bank continuing its slump as it fell to its lowest in two months in Tokyo trading after news went around on the supposed collapse of merger talks with equally beleaguered Aozora Bank.

The ban was lifted after accounting firms KPMG and PricewaterhouseCoopers said they were satisfied with the banks' plans and implementation.

Bocom International is seeking to raise as much as $500 million in its first private-equity fund focusing on Hong Kong and China.

Lender’s profit back to green despite KB Financial’s Q4 net slid by 59.4%.

Optimism attributed to expanding branch network coupled with SME owners’ 24-point Q4 confidence level.

Surge attributed to bank’s preference to maintain high lending margins despite low 10% lending growth.

Bank of East Asia's consolidated profit after taxation reached US$339.7 million for 2009.

Twelve of Asia Pacific’s banking systems were given improved stable outlooks by Moody’s Investors Service.

Over-reaction of regulators ranked as the biggest fear of Asian bankers.

Central bank's aversion for consolidation of lenders spurs government to shelve moves to discuss M&As.