China

Sberbank would offer its shares in China during a global roadshow this fall.

Bank of China will continue to expand its overseas network despite becoming much more reliant on the domestic market in recent years. "By 2020, we expect to become a truly world-class bank," a China Daily report quoted BOC president Li Lihui as saying. The priority of setting up new overseas branches will be Asia in the next half year, Li told the newspaper.

The big four have seen their share of all local retail deposits slide from 66% in 2004 to 58% in 2011.

ICBC rolled out the pilot service of personal petty loans to meet their funding needs, providing small RMB loans for their short-term working capital.

As of the end of May 2011, Bank of China's cross-border RMB settlement transaction volume had remained the market-leading position with more than RMB 1 trillion.

The Export-Import Bank of China intends to develop into a large multinational financial institution over the next five years.

CBRC banned commercial banks to offer very high rates to attract deposits disguised as wealth management products.

The lender and its local rivals take part in global rush to set up China-focused PE funds.

The lender joins rivals in capital raising to comply with governments stricter requirements.

Under the agreement, MasterCard’s e-commerce platform will now accept China UnionPay Cards.

The new branch in the World Finance Centre in Beijing’s Central Business District is Westpac’s sixth office in the region.

ANZ, NAB, Commonwealth Bank, and Westpac are competing for pole position in Australia’s largest trading partner.

Should the listing push through it will break a three-year IPO hiatus by the nation's city commercial banks, which operate under regional rather than national licenses.

The MOU between the companies will enable them to work together towards exploring mutually beneficial solutions to innovative payment businesses.

The companies will develop payment systems for online and mobile phone transactions.

The lender seen to outclass five rivals in acquiring the company’s 66.67% stake.