News

ICBC saw a strong growth trajectory in its RMB business, with a turnover in the first half of 2011 trebled last year's to RMB 406 billion, RMB 280.4 billion in cross-border RMB settlement, RMB 120.6 billion in trade finance.

The 209 outlets of Tibet Branch of Agricultural Bank of China Limited has been interconnected.

The merger poised to become Asia's largest regional asset manager.

Foreign institutions constitute the majority of buyers of the rights whose proceeds are to be used for the lender’s expansion.

The Taiwanese bank seeks to benefit from MOU with the Chinese bank to expand its operations in the Mainland.

With Investment 3.0, the lender provide online platform for investment opportunities though they are away from home.

Union Bank KBC has also launched a series of investor awareness programmes for mutual fund investors.

Lenders are trying to increase interest rates on loans while cutting deposits rates.

 South Korean banks' loan delinquency rate rose for the second straight month in August from a month earlier.

Household loans from banks are down in South Korea for the first time in eight months in September as lenders try to curb growing household debt. Kookmin Bank and three other major banks extended household loans amounting to 276.9 trillion won or US$234.9 billion as of Sept. 29, down 91 billion won from the end of August, according to the data. The September report marked the first monthly fall since January, when banks' household loans declined by 474 billion won. The decline in bank home loans came as local banks scurried to curtail household loans, mostly credit loans, in a bid to meet an advised target by the Financial Services Commission of a 0.6 percent monthly loan growth. The full story is available at Yonhap News.

Taiwan's  Mega International Commercial Bank opened its first branch in Cambodia to attract more Taiwanese investors in the kingdom.

Will the group's investment trusts cause its third major punishment in Japan in 7 years?

The recent PBoC fixes may have played a role in stalling the powerful bid for USD-AXJ amid liquidation dynamics in emerging markets.

Chinese banks have extended more loans to small firms to ease their financial predicaments as the government tightens monetary supply.

Bank Rakyat expects its profit before tax and zakat to reach RM2 billion for its current financial year ending Dec 31, 2011.

VietinBank-CTG gained 87% of the year's profit plan based on its recently released report on performance for the first eight months of this year.