News

Leading industry players in Islamic finance are requesting a balanced regulation that does not impede its growth or allow for abuse.

ICBC's total volume of cross-border RMB trade settlement jumped 94.6% year-on-year to RMB 790.1 billion in the first half of 2012.

Sacombank has allocated US$24 million for local importers to support businesses struggling in the industry.

Bank Negara Indonesia's Islamic bank says it is confident of meeting its target of issuing $830 million or Rp 8 trillion in loans this year.

Bank Indonesia suggested that Bank Syariah Mandiri and Bank Muamalat bide time before floating their shares on the bourse.

China Construction Bank, the world's second largest by market value, will soon open a subsidiary and a branch in the Grand Duchy of Luxembourg.

Bank Islam Malaysia is eyeing a 30 percent loans growth this year.

Bank Simpanan Nasional targets to increase its net income to RM1.3 billion by the end of this year from RM1.032 billion in 2011.

Chinese businessmen continue to avoid taking out medium- and long-term bank loans over short-term worries about China's rapidly decelerating economy.

Demand for fixed-rate mortgage and credit loans during the summer vacation pushed the rate of household lending among South Korea's bank.

Shinhan Bank raised RMB600 million or US$95 million through dimsum bond sales in Hong Kong.

Tadahiro Matsushita, Minister of the Financial Services Agency, the banking industry regulator, committed suicide Monday.

HDFC Bank launched its 10,000th ATM in India near Ajmer Sharif Dargah, a sacred shrine revered by people of all faith.

Pakistan's public and private banks and development finance institutions had written off loans amounting to Rs112.305 billion or US$1.187 billion over the past four years.

The Philippines’ China Banking Corporation last week cut the par value of its shares from P100 to P10 in a 10-for-1 stock split of its common shares.

Bangkok Bank has been granted a 99-year extension of its banking service license from Vietnam.