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CCB buys stake in 2nd biggest Russian bank |
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48 reads
China Construction Bank among buyers of a 55% stake in VTB Bank. Read ›› |
New Indonesian banking law implemented by 2014 |
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42 reads
Limits foreign ownership in banks to only 51%. Indonesian legislators are already drafting the law that is expected to include a maximum 51% limit on the amount a foreign investor can own of a local bank. Read ›› |
Tharman reappointed MAS board chairman |
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42 reads
He will serve until May 31, 2015. The Monetary Authority of Singapore said that Deputy Prime Minister and Minister for Finance Tharman Shanmugaratnam has been reappointed Chairman of the MAS Board of Directors effective May 21. Read ›› |
ICBC loses Goldman Sachs investment |
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44 reads
US investment firm makes US$1.1 billion by selling remaining ICBC shares. Read ›› |
AgBank VP fired for taking huge bribes |
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50 reads
Yang Kun is highest-ranking bank executive to be investigated for corruption. Read ›› |
Urgent action needed to solve China’s massive debt problem |
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80 reads
Inaction could result in a damaging hard landing for the economy. Read ›› |
Forced sale of NPLs to AMC will push through |
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83 reads
Vietnam will compel banks to sell bad debt to new Asset Management Company. Read ›› |
Islamic banking conference to be held in Singapore |
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90 reads
Leading industry players to meet June 3 to 5. The 4th World Islamic Banking Conference is expected to attract some 500 key international players in Islamic banking. Read ›› |
RBI should regulate all home loans |
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64 reads
State Bank of India sees no need for a separate regulator. Read ›› |
RHB Thailand raising capital for expansion |
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73 reads
Remains intent on asset acquisition to fuel expansion. RHB Bank Bhd Thailand, Thai unit of Malaysia's fourth-largest lender, intends to boost capital to go forward with an aggressive expansion plan. Read ›› |
Galaxy Securities takes in US$1.07 billion from HK IPO |
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50 reads
It’s one of Hong Kong’s largest deals since late 2012. Read ›› |
Aussie banks' earnings feared to slow in 2014 |
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64 reads
Operating environment is likely to deteriorate. According to Fitch Ratings, aA build-up of domestic headwinds for Australian banks is likely to slow down their earnings growth slightly. Read ›› |
5 signs that ICBC will outperform in 2013 |
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55 reads
It has defensive profitability and pricing power. According to Barclays, the first sign is that ICBC is demonstrating strong defensive profitability and pricing power. Read ›› |
Chinese banks threatened by sixth straight quarter of rising NPL since 2011 |
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78 reads
NPL ratio rose to 0.96% by end-March. The China Banking Regulatory Commission, the banking sector regulator, said Chinese banks’ bad loans rose while their capital strength fell in the first quarter of 2013. Read ›› |
CIMB intent on buying Philippine bank |
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82 reads
CIMB's acquiring a 60% stake in Bank of Commerce. CIMB Group Holdings Bhd said negotiations to take over Bank of Commerce are in the final stages and a decision should be made within a month. Read ›› |
Here's how Commonwealth Bank's business segments fared in 1Q13 |
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57 reads
Guess which funds grew by 4%? Below is CBA's business commentary: Australia – Retail System home loan credit growth remained modest through the March quarter, with the Group growing slightly ahead of system. Read ›› |
PBOC closes WMP loophole |
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65 reads
Loophole used by non-bank financial institutions to hide WMP risks. Read ›› |
Heavy penalties for Singapore banks that facilitate tax evasion |
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143 reads
New law takes effect in July. A new law comes into effect in July will impose hefty penalties on banks that facilitate tax evasion. Read ›› |
2 key negative catalysts for China banks |
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66 reads
Barclays believes these are well flagged. Following better-than-expected 1Q13 results, Barclays raised its earnings forecasts by 4.5%/3.6% for 2013/14 and increased its price targets by an average of 2%, leaving 11% potential upside for the sector. Read ›› |
Commonwealth Bank reports unaudited cash earnings of ~$1.9b in 1Q13 |
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28 reads
Group liquids were at $130b. The Commonwealth Bank advised that its unaudited cash earnings for the three months ended 31 March 2013 (“the quarter”) were approximately $1.9 billion. Read ›› |
Axis Bank to open first branch in China |
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62 reads
Will also be the first Indian private sector bank branch in China. Read ›› |
Bank Danamon eyeing wholesale banking business expansion |
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95 reads
Corporate lending is only 11% of its loan book. According to OCBC Investment Research, Bank Danamon aims to expand its wholesale banking business, particularly lending to corporate borrowers, which makes up just a small portion of its loan book now (11% at 31 Mar 2013). Read ›› |
28% of outstanding non-bank loans in Singapore are property-related |
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278 reads
And housing loans account for 17%. According to the Monetary Authority of Singapore, as of March 2013, property-related exposures accounted for 28% of banks’ total outstanding non-bank loans. Read ›› |
Philippine banks' real estate exposure reaches PHP821.7b |
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51 reads
It surpassed the 20% cap on real estate loans. According to Maybank Kim Eng, the Philippine central bank released the result of the banking sector’s expanded real estate exposure, which reached PHP821.7b or 20.9% of total loan portfolio. Read ›› |
SMFG invests US$1.52 billion in Indonesian bank |
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71 reads
Will acquire a 40% stake in PT Bank Tabungan Pensiunan Nasional. Read ›› |
Bank Danamon to distribute US$124 million dividend |
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66 reads
Amount is equivalent to 30% of net income last year. Read ›› |
3 reasons behind Korean banks' improving foreign currency liquidity |
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67 reads
Moody's even expects further enhancements. Moody's Investors Service says that Korean banks have shown further improvements in their foreign currency funding profiles in the six months since its last publication on the sector in October 2012 and expects further enhancements. Read ›› |
This is what boosted China banks' April TSF of RMB 1.75t |
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44 reads
Find out what makes up 55% of the April TSF. Read ›› |
Aussie banks' liquid assets can now cover 60% of their wholesale funding liabilities |
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53 reads
They're now more resilient to liquidity shocks. Moody's Investors Service says that Australian banks continue to rely on wholesale markets and confidence-sensitive funding, a factor that weighs negatively on their credit profiles. Read ›› |
Shadow banking still a negative credit issue for Chinese banks |
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47 reads
Shadow banking products reached RMB21t in 2012. Moody's Investors Service says that China's latest regulatory steps to tighten controls on wealth management products (WMPs), part of China's shadow banking market, are credit positive for banks, while Moody's expects the issue of shadow banking to continue to weigh on the banks' credit profiles. Read ›› |
Top Chinese banks flunk government audit |
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82 reads
Two Big Four banks cited for improper financial management. The National Audit Office has released audit results for three state-owned banks: Agricultural Bank of China, China Construction Bank and Export-Import Bank of China. Read ›› |
Bank loans fall 33% in April |
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51 reads
Money supply rises 16.1%, however. The People's Bank of China, the central bank, said Chinese banks made US$129.3 billion in new loans in April compared to US$173 billion in March. Read ›› |
Big Four stop doing business with North Korean bank |
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37 reads
Increases pressure on North Korea to abandon nuclear power program. Read ›› |
Standard Chartered records slowest revenue growth in 10 years |
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118 reads
Guess where the 5% drag on Group revenues came from? According to Barclays, the main source of disappointment in the Q1 IMS was that revenue growth was only marginal and that tight cost control and lower Wholesale impairments weren’t enough to prevent a YoY earnings decline. Read ›› |
Singapore banks' loan to deposit ratio boosted by robust loan growth |
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58 reads
All three of them hit the high 80s. According to CIMB, loan growth for DBS and UOB was above average, because of chunky loans. Read ›› |
Deutsche Bank named Asia's leading foreign exchange bank for 9th consecutive year |
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79 reads
DB has 19.81% market share. According to a release, Deutsche Bank – the largest provider of liquidity to Asian currency markets with a 19.81% market share – has confirmed its status as the leading foreign exchange house in Asia for the ninth consecutive year with the release of results from the definitive global FX survey conducted by leading capital markets magazine Euromoney. Read ›› |
China enters into currency swap arrangement with Pakistan |
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69 reads
Was implemented May 7 after issuance of necessary instructions to banks. Read ›› |
Aussie banks urged to improve funding to meet Basel III requirements |
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60 reads
They're expected to lengthen their wholesale funding. According to Fitch Ratings, Australian banks need to continue to improve their funding mix to meet Basel III liquidity requirements, especially as the revised proposals from the Australian Prudential Regulation Authority (APRA) stick to the original implementation timetable and liquid asset definitions. Read ›› |
BoCom to allow conversion of Aussie dollar into renminbi |
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58 reads
Conversion to begin in 2014 as part of the renminbi’s internationalization. Read ›› |
OCBC knocked off its top spot as the world's strongest bank |
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265 reads
Guess which bank topped Bloomberg's list? Accoring to a statement, Bloomberg Markets, the leading provider of Business, Financial and Economic news has released its 2012 ranking of the World’s Strongest Banks, in which QNB has ranked as Number 1. Read ›› |
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