In Focus

PDIC backs foreign ownership of Philippine rural banks

PDIC backs foreign ownership of Philippine rural banks

The Philippine Deposit Insurance Corporation is supporting separate bills pending in the Philippine Congress that will permit foreign ownership of rural banks.

Siam Commercial Bank to issue bonds overseas

Siam Commercial Bank will issue Bt40 billion in subordinated debentures in the second and third quarters.

Philippine banks awash in too much cash

The Philippines’ central bank warns that the mountain of cash held by Philippine banks could trigger rampant inflation.

Chinese and French banks in SME investment alliance

Chinese and French state-owned banks have established a US$189 million fund to support each other's small and medium sized enterprises.

Fitch warns of bad debt tsunami overwhelming China’s banks

Fitch Ratings Ltd expects the balance sheets of Chinese banks to deteriorate until the first-half of 2013.

Mizuho to finance Japanese investments in Turkey

Mizuho Corporate Bank and Akbank signed a cooperation agreement to finance mergers and acquisitions between both countries.

China's banks threatened by NPLs

China's commercial banks are facing a high risk of increased bad loans as local governments try to unleash a new round of stimulus packages.

ICBC disappoints with 1st half results

China’s largest lender reported a 12.5% net profit rise for January to June, or less than half the comparable rate in 2011, while loans overdue for less than three months jumped 60%.

S.Korean banks face grim profit outlook

The economic slowdown and squeezed profit margins are keeping South Korean banks from generating more profit.

Chinese banks’ profit growth may fall to single digits in 2013

China’s banks, the world’s second most profitable after Indonesia’s, are expected to see profit growth fall below 10% in 2013.

Malaysia remains world leader in Islamic finance

Malaysia accounts for US$165.2 billion or 60% of worldwide sukuk deals. Sukuk is the Islamic equivalent of bonds.

Chinese banks bid farewell to era of easy profits

China’s Big Four banks face far weaker earnings growth in the future as profits continue to fall this year.

NPL ratio of ailing Vietnamese banks reaches 60%

Vietnam's central bank found non-performing loans at some banks as high as 60% of the total outstanding loans.

China’s Big Four dominate world’s top banks

China’s state-owned banks remain among the world’s most profitable and the largest in market capitalization.

China’s Big Four dominate world’s top banks

China’s state-owned banks remain among the world’s most profitable and the largest in market capitalization, said a report by Boston Consulting Group.

BoCom to raise US$8.98 billion for capital replenishment

China's fifth largest lender by assets, has received government approval to complete a private share placement.

CIMB Group's net profit reaches a record RM2.120b in 1H12

Thanks to the strong growth at CIMB Niaga and CIMB Singapore and outperformance at Corporate Banking and Treasury Markets.