Lending & Credit
Private sector credit in APAC to reach 148% of GDP by end-2012
Private sector credit in APAC to reach 148% of GDP by end-2012
The rapidly rising leverage will constrain the banks' upward rating momentum, says Fitch.
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.
Commentary
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