News

Indonesia’s ownership limit plan seen to affect Malaysian banks

An analyst said earnings contribution and the growth strategy of banks would be affected because of the proposed measure.

Indonesia’s ownership limit plan seen to affect Malaysian banks

An analyst said earnings contribution and the growth strategy of banks would be affected because of the proposed measure.

ICBC gains foothold in India market

The lender is the first of China’s Big Four to secure license from India’s central bank.

China consortium biggest buyer of 13bn CCB shares of BofA

China asked American bank to sell only half its holdings in CCB.

CIMB Islamic to boost group loans by contributing 19%

The lender believes global economic uncertainties would have lesser impact on Malaysia’s economy as it was largely driven by local demand.

DBS expects Bank of Japan's looming monetary easing in Q4

The bank did not further expand the the asset purchase program or lending program at the latest monetary policy meeting.

Bank Negara Malaysia to keep overnight policy rate steady at 3%

DBS expects this given that the central bank has initiated its interest rate normalisation process earlier than many central banks in the region.

RHB delays pursuit of Bank Mestika

RHB Capital has put on hold its application to acquire Indonesia's PT Bank Mestika Dharma amid Bank Indonesia's plans to limit single-party ownership in commercial banks to not more than 50%.

Banks in Singapore warned against illegitimate funds

Singapore alerted banks from the risk of receiving assets of tax evaders or the proceeds of criminal activities.

Moody’s says outlook for Vietnamese banks remain negative

It is concerned that the profitability and capital buffers of the banks will fall.

Mizuho to venture into Islamic Banking in Malaysia

Malaysia is giving out financial services licenses to foreign companies to boost banking industry competition.

Westpac to open 7 Bank of Melbourne branches

The move comes amidst renewed pressure to curb costs as many Australian lenders have seen their revenue decreased.

Maybank gains from concentrating on domestic growth

The lender’s strong deposit franchise seen as an advantage if funding remained tight.

State Bank of India seen to release overseas bonds

Yet the lender denied issuing a proposal to raise $5bn via offshore loans by December.

EastWest Bank targets 2012 IPO

Yet the realization of the move still depends on the health of US and European economy.

National Australia Bank plans to launch Jakarta office

The setting up of office will facilitate greater economic, trade and investment flows between Indonesia, Australia and New Zealand.

Chinese banks’ net profits surge 29% to an amazing $64.1b in 1H11

The Big-Four banks also disclosed that they made a total provision of $14.4b as of end 1H11.

Capital ratios of Australian banks to be more conservative under Basel III: Fitch

Full implementation of the new Basel III minimum capital requirements is scheduled for 1 January 2013.