In Focus
China’s banks post weakest results in years
Due to interest rate liberalization and weak economy.
ICBC and Bank of China report improved profits in Q2
Big Four banks boosted by sharp spike in fees.
Assets of Chinese banks hit US$22.9 trillion in July
Liabilities rose 14% to US$21.4 trillion, however.
Indian banks’ profitability at its lowest since 2009
But the worst is yet to come.
Singapore’s UOB widens Indonesian operations
It's part of plans to double lending.
NPLs cripple CCB’s Q2 profits
Net income grows by only 9.7%.
NFC gaining traction with more Chinese banks
Leverages advantages of smartphones in financial transactions.
Philippines issues cloud computing rules for banks
Becomes second Asian after Singapore country to do so.
Find out what key challenges threaten Chinese securitisations
Legal enforceability is one.
National Australia Bank's unaudited cash earnings rose to $1.5 billion
Revenue also increased by around 1%.
India's first women’s bank to be capitalized at US$159 million
Will also have 25 branches.
Chinese banks’ NPLs rise for seventh straight quarter
Propelled by China’s souring economy.
Maybank to expand more aggressively in Southeast Asia
Will also boost share of overseas business in revenues.
Is consolidation of Japanese regional banks underway?
Regional banks face tougher business environment, however.
Struggling StanChart plans to dump two South Korean units
This after taking a US$1 billion writedown.
India could announce women’s bank next week
Will coincide with Independence Day on August 15.
Commentary
Electronic trading proves its strength in times of volatility