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Bank’s access to SDAs curbed by Philippine government |
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63 reads
Total cuts now more than 200 basis points since July 2012. Read ›› |
Fitch affirms ratings of four top Philippine banks |
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43 reads
Gives them a stable rating. Fitch Ratings affirmed the ratings of Banco de Oro Unibank Inc., Bank of the Philippine Islands, Development Bank of the Philippines and Land Bank of the Philippines. Read ›› |
Japanese megabanks predict lower profits this year |
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47 reads
Says monetary easing made loans less profitable. Japan’s three biggest banks have forecast an earnings drop this year. Sumitomo Mitsui Banking Corporation, the second largest bank, said in a statement that its net income will fall 27% to US$5.7 billion in the year ending March. Read ›› |
Chinese banks should do more online business |
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45 reads
Ernst & Young also recommends they develop their intermediary business. Read ›› |
BOC Hong Kong backs SME financing |
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31 reads
Launches privileged guarantee fee subsidy. Bank of China (Hong Kong), Ltd has launched a privileged guarantee fee subsidy to support the Special Concessionary Measures of the SME Financing Guarantee Scheme of the Hong Kong Mortgage Corporation, Ltd. Read ›› |
Philippine banking system deposits rise 10.7% |
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22 reads
Government says it highlights ability of banks to provide credit to the economy. Read ›› |
China pledges to forge ahead with banking reform |
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46 reads
Also promises increased flexibility in managing exchange and interest rates. Read ›› |
China’s shadow banking sector now valued at over U$5.8t |
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363 reads
It's 69% of China's GDP. JPMorgan Chase said this total was equivalent to 69% of China’s gross domestic product and almost double what it was two years earlier. Read ›› |
BOC cuts business ties with North Korean bank |
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20 reads
Foreign Trade Bank accused of funding North Korea’s missile and nuclear programs. Read ›› |
ICBC Thai focusing on retail market |
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49 reads
Wants retail to account for 50% of total income by 2016. Read ›› |
Bad loans up, asset quality down for big Chinese banks |
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67 reads
Fourteen of 16 banks report rise in bad loans. The asset quality of major Chinese banks continued to worsen in the first quarter as the Chinese economy weakened further, according to the financial reports of major banks. Read ›› |
Westpac reports record first-half profit |
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28 reads
First half profit to March 31 hits $3.3 billion. Westpac Banking Corporation, one of the Australian Big Four banks and the second-largest bank in New Zealand, said this figure was 11% higher than the previous corresponding period. Read ›› |
Indian banks’ retail credit rises 14.5% |
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207 reads
Economic slowdown forces banks to push retail loans. The Reserve Bank of India said banks’ outstanding retail loans grew 14.5% in March 2013 as against the 12.9% growth year-on-year. Read ›› |
Weak deposit growth hammers China’s banks |
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258 reads
Loans exceed deposits at a faster pace. China’s largest lender, the Industrial and Commercial Bank of China Ltd, and other banks are now paying more for savers' money and are being hit by falling margins. Read ›› |
India to deposit government cash in commercial banks |
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76 reads
Move will add liquidity and make it easier for banks to cut lending rates. Read ›› |
Yudhoyono calls for quick end to Bank Danamon takeover |
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81 reads
Move suggests possible political intervention in the high-profile takeover. President Susilo Bambang Yudhoyono said he hoped the deal could be resolved in a “very short time” after being stalled for one year. Read ›› |
Chinese bank NPLs up 20.7% to US$84.83b in 1Q13 |
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51 reads
It's US$5.4 billion more than 2012. At the end of Q1, Chinese bank NPLs reached US$84.83 billion, up 20.7% year-on-year and US$5.4 billion more than 2012. Read ›› |
CBRC orders banks to provide more detail on interbank deals |
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58 reads
Unregulated channels may be used to pour funds into speculative real estate. Read ›› |
China secretly issues tougher anti-money laundering rules |
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85 reads
Banks to rate their clients' risk of criminal conduct starting December 2015. Read ›› |
Chinese banks continue amassing US dollars |
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68 reads
Attain forex surplus for seventh straight month. The State Administration of Foreign Exchange said Chinese banks bought more foreign currency than they sold in March. Read ›› |
Indonesia's 4 large banks' loan growth likely to reach 23% |
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50 reads
Barclays says credit quality is stable. Overall, Barclays expects PAT growth to be muted (12% y/y) at BBRI but strong (+30%) at the three other large banks (BBNI, BBCA and BMRI). Read ›› |
Bank Mandiri to invest US$130 million in IT |
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154 reads
Indonesia’s largest lender will use the investment to improve its information technology system to increase its efficiency. Read ›› |
Singapore to replace Switzerland as the bank for the super-rich |
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94 reads
To become top destination for the wealth of the world's richest by 2020. Read ›› |
Bank Mandiri to increase corporate loans by 18% |
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54 reads
Loans are for the infrastructure, consumer goods and plantation sectors. Read ›› |
Senior executive movements at China’s top banks |
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349 reads
Changes follow the once-in-a-decade leadership transition at the Chinese communist party. Read ›› |
Citi Philippines named Best Bank in Asia Pacific--again |
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112 reads
Is the ninth straight year the bank has won the award. Read ›› |
Asia's share of global revenues doubled in the last 7 years: Citi |
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153 reads
Find out how Citi benefits from this growth. According to a recent study by Citi, Asia’s share of global revenues had doubled in the last seven years. Read ›› |
3 in 4 Filipinos do not visit bank branches anymore |
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166 reads
They prefer to do banking online. According to the Citi Fin-Q Survey, an annual online poll that measures the Fin-Q or Financial Quotient of Filipino consumers, more and more Filipinos are taking advantage of the convenience of online banking, Read ›› |
China reorganizes Monetary Policy Committee |
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120 reads
Cause is the retirement and reshuffling of committee members. The 15-member Monetary Policy Committee of the People’s Bank of China, the central bank, will need to appoint new members since two of its members have been reassigned while one member is to retire. Read ›› |
China gets tougher on sales of WMPs |
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154 reads
Orders checks on underlying assets of volatile WMPs. The order by the China Banking Regulatory Commission intends to head-off potential risks to the financial system stemming from wealth management products or WMPs. Read ›› |
Credit card fraud tops Shanghai’s financial crimes list |
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294 reads
Accounted for 88% of financial crime cases in court in 2012. Read ›› |
HSBC says new Indian banking regulation not “sensible” |
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303 reads
Indian and foreign-owned banks won’t be able to meet the new norms. Read ›› |
Why BOC is top pick among Hong Kong banks |
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125 reads
Has strongest capital adequacy ratio (12.3% Tier 1) vs peers, an attractive 5.2% dividend yield and CNH asset deployment growth potential. Read ›› |
Vietnam to force weak banks into bankruptcy |
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Hurley)_1.JPG) |
306 reads
Announcement sends shock waves through banking sector counting on government protection. Read ›› |
Bank Mandiri sees 50% increase in Islamic banking profits |
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143 reads
The opening of more branches throughout Indonesia will help attain this goal. Read ›› |
India launches bid to build global-sized banks |
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154 reads
Is pushing consolidation of public sector banks to create two megabanks. Read ›› |
South Korean banks hit by destructive cyber attack |
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153 reads
China identified as most likely source of massive cyber assault. Read ›› |
Domestic banks to provide almost 100% of Philippine government borrowings |
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195 reads
Government plans to borrow US$3.7 billion from the local debt market in Q2. Read ›› |
Chinese non-bank entities to offer custody services |
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136 reads
New rule affecting Chinese non-bank financial intermediaries takes effect June 1. Read ›› |
Vietnam to restructure banking sector by 2015 |
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232 reads
Will do this to boost a slowing economy that grew at its slowest in 13 years. Read ›› |
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