Lending & Credit

BDO to establish US$2 billion EMTN program

BDO Unibank, the Philippines’ largest bank in terms of assets, looks to lower funding costs.

Philippines' Security Bank posts 29% loan growth

Expansion in various industries pushed Security Bank's loan portfolio up by 29 percent in the first half of 2012.

Chinese banks move to finance local businesses

Banks are being encouraged to stimulate China’s economic growth at the local level by lending more to local governments and business firms.

Thai loan growth to continue in Q3

Banks and non-bank institutions will continue to experience loan growth in the third, to a June survey by the Bank of Thailand.

Bank of India picks seven banks for $175M loan

Bank of India is mandating a seven-bank group for a $175m two-year loan.

Indian and UK financial regulators forge stronger alliance

HSBC’s admission to money laundering for criminal syndicates compels regulators from both countries to exchange more information.

CITIC to acquire CLSA Asia Pacific Markets

CITIC Securities Company Ltd is about to complete the acquisition of Credit Agricole’s Hong Kong-based brokerage for US$1.25 billion.

China in for short-lived economic recovery

Positive growth metrics mask the uncomfortable reality that a recovery of China’s economy in the second half will be temporary.

Bank TPN's net income up 57.4%

Bank Tabungan Pensiunan Nasional's net income increased by 57.4 percent to Rp 921 billion or $98 billion in the January-June period.

14 Vietnam banks make 62% of bad bank debts

Vietnam's 14 biggest banks accounted for as much as 62% bad debts of the whole banking system, based on yet another research report.

HSBC India found deficient vs laundering, terror financing

The staff of HSBC India have come under the scanner for deficiencies in acting as "offshore reviewers" against money laundering and terrorist...

Kasikornbank's earnings buoyed by loans, NIM

Kasikornbank reported a 4.22 percvxvcent in its consolidated second-quarter net profit of Bt9.4 billion.

Korean banks probed for fixing CD interest rates

Nine major South Korean banks arebeing investigated by the Fair Trade Commission on suspicion of colluding to fix the interest rates on certificates...

Singapore loan growth to taper off to 8% in 2012

UOB's loan growth is also like to trend towards the lowteens of 10-12%.

Policy measures needed to boost liberalization

China’s recent credit liberalization could be endangered by lax fiscal policies.

RBS pulls out of Singapore Libor panel

Royal Bank of Scotland pulled out of a Singapore panel setting interbank lending rates.