News

Driven by growing loans and wealth management services Maybank beat expectations with a 25 percent rise in second-quarter net profit of RM1.44 billion.

Maybank expects its growth pattern to be in tandem along with the countries it operates in.

ANZ would sell some of its stakes in Asian banks if Australia does not ease stringent capital requirements, said chief executive Mike Smith.

riven by rising loan demand, Bank Tabungan Negara's profit jumped 63 percent in the first half of the year.

Bad debts sour the outlook for India’s largest lender despite a 138% rise in net profit in the three months ended June 30.

The NPL ratio of China's commercial banks at the end of June remains unchanged from the end of the first quarter at 0.9 percent.

Kasikorn Bank plans to offer Chinese-language forms and documents, Chinese-speaking call center and a number of Renminbi-based transaction services.

The bad debt ratio of 18 South Korean banks fell in the second quarter from three months earlier.

The Commonwealth Bank of Australia bucked uncertain business environment to push its profit up 11 percent from last year to US$7.43 billion.

Alliance Financial Group 's revenue for the first quarter ended June 30, 2012 rose to RM319.34 million from RM307.07 million last year.

AMMB Holdings is targeting an annual net profit of between nine and 12 percent for the next three years.

Commercial banks in Thailand are more inclined to focus on medium-sized to large property developers, which are less likely to default, bank executives say.

ICICI Bank has become picky about lending to power and infrastructure projects, stopped motorcycle loans and has stopped offering new credit cards.

BNI is looking to partner with 46 Japanese regional  operating in Indonesia within the year.

Thailand's commercial banks are fiercely competing for deposits as lending expanded 14.2 percent in the second quarter against 10.1 percent year-on-year growth of deposits.

The bank aims to regain market share this fiscal year.