News
Malaysian banks' earnings seen as resilient
Malaysian banks' earnings seen as resilient
Malaysia's banking sector will experience resilient earnings in line with the country’s sturdy economic growth supported by strong domestic demand, robust capital markets and exports.
Malaysia's Maybank not bidding for Thailand's Bank of Ayudhya
Maybank clarified that its private placement exercise was a proactive move to boost its equity capital ahead of the implementation of the Basel III capital framework.
Malaysia's OCBC Bank posts 20% growth in SME loans
OCBC Bank boosted its SME loans by more than 20 percent for the first six months.
Krung Thai Bank Leasing targets more retail market share
KTB Leasing foresees the retail market to expand sufficiently capable of boosting its loan growth and interest income.
Outrage against Australian banks justified: CEO
Customers have a right to be angry at Australian banks over past treatment, says the Chief of Bendigo and Adelaide Bank, Mike Hirst.
BDO not in a hurry to tap fresh capital for lending
BDO is not in a rush to tap fresh capital for its lending business, since it has adequate funds.
Siam Commercial Bank raises 2012 growth projection for mortgages
Siam Commercial Bank is aiming to raise its housing loans by Bt120 billion this year, instead of the expected Bt95 billion.
India's banks face disaster from restructured loans
Restructured loans are failing to secure payments for massive debts and will instead balloon to a massive US$39 billion in the fiscal year ending March 2013.
Myanmar's banking system vulnerable to rumors
Some US$10.5 million was withdrawn from Kanbawza Bank on Friday last week due to unfounded rumors.
Philippine bank lending slows in August
Outstanding loans of Philippine commercial banks slowed to 14 percent in August from 16 percent in July.
Net income of Taiwan's Cathay Financial reaches $57.48M
Cathay Financial reported NT$1.69 billion (US$57.48 million) in net income in September, up 24.26 percent from the previous month.
ADB signs deal promoting Islamic banking in Asia
The Asian Development Bank has signed an agreement that will expedite the adoption of Islamic banking across Asia.
Malaysian banks unlikely to engage in capital raising
Unless they are trying to significantly boost capital outlay, Banks in Malaysia are unlikely to engage in capital raising activities, said banking analysts.
Maybank to expand existing businesses
Maybank placed out 412 million new shares at a price of RM8.88 and hence raising a whopping RM3.6bil in the process.
Singapore expects getting yuan-clearing bank soon
Singapore moved a step closer to getting a yuan-clearing bank after issuing full banking licences to two Chinese lenders.
Citi to launch Tablet Banking by 1Q13
This follows the success of Citi Mobile that surpassed 1m active users in September 2012.
Vietnam to get rid of banking interest groups
The governor of Vietnam’s central bank revealed that there are groups or individuals manipulating local banks.
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