News

Philippine National Bank’s net profit grew by 144% to P1.77 billion in the first six months fromthe same period last year.

Nomura Holdings, Inc is reorganizing its global finance unit in Asia outside of Japan as part of a continuing overhaul of Japan’s biggest brokerage.

GE raised about $462 million through sales of its 7.6% stake in Thailand's Bank of Ayudhya to institutional investors for 14.65 billion baht.

The State Bank of Vietnam is now creating regulations on procedures for establishing, changing the names and/or location and ending operation of a banking branch.

New housing loans from five leading banks In Taiwan reached their lowest levels since February.

Corporation Bank will open 300 branches mainly in states like Gujarat, Rajasthan, Bihar, Punjab, Orissa and Jharkhand.

Thanks to its excellent asset quality and high liquidity.

These banks may reduce their dividend payout ratios by five percentage points to 35%.

Barclays will shut three of its nine bank branches in India by end of September to reduce it retail banking operations in the country.

Indonesia’s financial sector will get a $300 million loan from the Asian Development Bank to improve the operations of the local regulator, deepen capital markets and expand non-bank financing.

DBS remains the 'king of savings deposits,' says CIMB.

OCBC's earnings will suffer significantly if bad debts head higher.

Taiwan will begin its comprehensive renminbi-related businesses November 1 through authorized renminbi clearance banks.

Thailand's banks are expected to lend more to SMEs next year due to new Basel requirements.

IDBI Bank plans to raise another USD 500 million through sales of foreign currency bonds to fund its overseas business growth.

The Philippines' big banks pushed their net earnings up 18.68 percent in the first six months to P55.152 billion.