Retail Banking

Worries over funding costs in Hong Kong loom in 2012

Worries over funding costs in Hong Kong loom in 2012

Given the challenges in credit growth and deposit, Fitch warns of some increase in funding costs.

OCBC reports rosy results

The Oversea-Chinese Banking Corporation Ltd, Singapore’s largest local bank by market capitalisation, has reported encouraging operating results for...

NamA Bank classified as having average operations

NamA Bank has been categorised in the Group 2, among banks with average operations, by the State Bank of Vietnam.

Bangladesh's current account shows more surplus in December

Bangladesh's current account balance recorded more surplus in December due to more remittance inflow and increase in export.

CIMB's keeps focus on Asean amid RBS acquisition plan

CIMB Group’s Asian expansion plan will not be significantly impacted by its purported acquisition of Asian assets of the RBS.

IBK's earnings dip 73 % to $33M in Q4

Increase in loan-loss provisions caused IBK's fourth-quarter earnings to go down by 73 percent from one year ago.

Bank Islam's junior scheme well received in Sabah, Sarawak

Bank Islam elicited encopuraging response in Sabah and Sarawak for its Al-Awfar Junior savings account for young customers.

FATCA set to be a burden to Asian banks

As the US pushes for stricter regulations to avoid tax evasion, Asian banks are forced to follow implementation and remediation requirements by 2015...

A small victory for the Chinese bank depositor

The lowly depositor has taken one small step towards getting more respect from Chinese banks.

Danamon`s profit up 16% in 2011

Bank Danamon increased its consolidated profit by 16% to Rp3.34 trillion in 2011from Rp2.88 trillion in 2010.

Moody's issue stable credit ratings for Sacombank

Moody's announced credit ratings for HCM City-based Sacombank. It assigned ratings of B2 (not-prime) to Sacombank's long- and short-term foreign...

AMMB enjoys 19th month of consecutive profit growth

AMMB's 9-month pre-tax profit until Dec 31, 2011 surged to RM1.598 billion from RM1.439 billion it posted for the same period last year.

Graph of the Week: AsiaPac banks’ exposure to the EU crisis

Singapore and Hong Kong will be the hardest hit should euro area banks retreat.

S&P assigns stable outlook for Sacombank

Standard & Poor’s assigned its ‘B+’ long-term and ‘B’ short-term counterparty credit ratings to Sacombank.

India's Bank of Baroda sees Africa as" center of growth"

Bank of Baroda plans to expand its African business with ten new branches in the next four to five months.

Singapore banks want exemption from US FATCA rules

Banks in Singapore are lobbying against the US' Foreign Account Tax Compliance Act or Fatca.