News

KB Financial Group, Inc will soon take ownership of the Korean insurance unit of ING Group.

ICBC Beijing Branch has included the Thai baht and Philippine peso in its foreign exchange currency services.

Bank Indonesia warned commercial banks not to use non-collateral loans to finance customers who were unable to pay the required downpayment.

Bank Negara Indonesia to get more Japanese companies to deposit their funds with them following a partnership agreement with Joyo Bank.

Banco De Oro plans to add as many branches that it could handle to its 740-plus network.

Dampened investor sentiment caused Indian banks to experience almost stagnant credit growth in the first five months of the fiscal year starting April.

Maybank aims to get RM250 million in premiums in the first year.

China's banks might have lent some US$95 billion in August, a 14% rise spurred by the government's injection of more money into the reeling Chinese economy.

Bank Muamalat's increased its by net profit 41.6 per cent to RM45.2 million for the first quarter ended June

Australia's High Court unanimously allowed a class action representing 38,000 ANZ customers to challenge a wide range of "exception fees".

Japan’s largest bank could invest billions of dollars to fund Australian home loans through other means.

State Bank of India has signed an agreement that will allow it to support funding needs of Japanese companies in India.

Indian banks needs an additional US$90 billion to meet Basel III capital Requirements by March 2018.

TMB Bank wants to build its export loan portfolio by adding attractive features for supply-chain solutions for exporters and their suppliers.

Loans by China's Big Four banks to local government financing vehicles (LGFVs) amounting to US$410 billion from January to June has increased the risk of default by these entities.

Delinquency ratio before provisioning of South Korean card companies rose by 0.06 percentage point in the second quarter from the previous quarter.