News
Thailand's KBank to facilitate loans with 19 Chinese banks
The largest Sino-Thai factoring service.
S. Korean banks' net down 4.1% in Q3
Blame it on shrinking interest income.
Chongqing Rural Commercial Bank's net profit up 28.1% to RMB1.36bn
But the 51% slump in net fee income was disappointing.
China Construction Bank's sluggish net fee income fell by 2% in 3Q12
But CCB's net profit increased 12% to RMB51.9bn.
Minsheng Bank's MSE loan growth rebounds by RMB29.9bn
The momentum is expected to continue into 4Q12.
Agricultural Bank of China ups net profit by 19.2%
A net profit of US$19.06 billion.
Korea's KB Financial net falls 29.2% in Q3
Net profit down by 29.2 percent. For that decline, KB Financial Group is blaming squeezed profit margins and higher loan-loss reserves.
Analyst worried over BOCHK's unsustainable trading income-driven revenue
But pre-provision operating profit rose by 5% to HKD18.9b in the first nine months of 2012.
Bank of China's net profit up 10% to CNY106.4b in 9M12
But profit in 3Q12 was flat at CNY34.8b.
OCBC to suffer from rising earnings headwinds
Higher-yielding unsecured personal lending will not be enough to offset higher funding costs.
DBP selling Al-Amanah Islamic bank
The Development Bank of the Philippines has received government approval to sell its 99.88% stake in the Philippines’ only Islamic bank.
Thai credit card firms want more money
Milk them dry.
UOB set to grow in Malaysia, Thailand, Indonesia
But the bank may suffer from currency translation losses.
DBS' acquisition of Bank Danamon bound for integration risks
Find out what other risks loom for DBS.
Singapore banks' deposit market share under threat from foreign banks
They have already increased fixed deposit rates at ~1%.
Singapore banks get the jitters from these 2 threats
Net interest gains are under pressure.
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1. Franklin Templeton gets approval to launch first retail tokenised fund in Singapore 2. UOB maintains profitability despite possible slower loan growth 3. Sea rebrands digital finance business SeaMoney to Monee 4. Japan’s SMBC is buying a 20% stake in India’s Yes Bank 5. Vietnam’s finance sector faces digitalisation challenges despite eased regulationResource Center
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