News
DBS/POSB strongly urge cardholders to upgrade to chip cards
Allots $1.2m in prizes for early upgraders.
China close to permitting certificates of deposit
Seen as another key step towards liberalization.
Philippine banks face more mergers
Driven by approaching ASEAN economic integration.
China orders banks to cut investment in local government bonds
Another move to curb massive local borrowings.
China Construction Bank's NPLs likely to rebound in 2H13
But CCB can maintain steady asset quality.
Maybank Kim Eng, State Securities Commission ink deal on Vietnam securities market
The 3-year agreement will strengthen the market.
Hong Leong Bank branches out into Cambodia
Opened first Cambodian branch in Phnom Penh.
Bank of China pioneers electronic trade finance platform via Bolero
It's a move facilitated by RBS.
CIMB Group's net profit up 15.1% to RM2.44b in 1H13
Thanks to strong performances in Malaysia and Singapore.
Taiwan’s CTBC Bank fined US$134,000
Penalty was for accidentally leaking personal information.
Macau banks increase loans for SMEs
Banks offer more attractive financing options.
ICICI Bank, Vodafone launch mobile banking service in Mumbai
Is aimed at the unbanked and under-banked.
3 reasons behind China Construction Bank's stable NIM in the past 4 quarters
Loan growth was faster than deposit growth in 2Q13.
Bank of Communications' NPLs now stabilizing
BoCom’s NPL ratio increased a mere 2bp in 2Q13.
Bank SinoPac is first Taiwanese bank offering mobile payments
Initially limited to 1,000 customers, however.
Bad asset quality destabilizing Vietnamese banks
Continuing economic slowdown worsening situation.
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1. Franklin Templeton gets approval to launch first retail tokenised fund in Singapore 2. Vietnam’s finance sector faces digitalisation challenges despite eased regulation 3. UOB maintains profitability despite possible slower loan growth 4. Japan’s SMBC is buying a 20% stake in India’s Yes Bank 5. GXS Bank names Pei-Si Lai as group CEOResource Center
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