News

China’s banking sector is lending less and less because of the spreading economic slowdown.

Shares of Ta Chong Bank plunged after potential buyers of the bank had walked away from a possible acquisition.

Government and banking sector moves to reduce household debt begin to pay off

The Philippines’ EastWest Banking Corporation posts industry leading numbers for the first quarter.

The main office of Hana Capital in southern Seoul have been raided by prosecutors for its role in the Mirae Savings Bank scandal.

A rise in fresh loan delinquency numbers brought the bad loan ratio up in April for banks in South Korea.

Margin income and profit sharing pushed Bank Syariah Mandiri's first quarter net profit up by 42.87 percent from last year to Rp192.72 billion or US$20.6 million.

Bank Permata is hoping to beef up its capital by up to US$75.6 million or Rp 700 billion from the first issuance of subordinated bonds.

China's banks reported a reduction in bad loans fall and the maintenance of capital strength in the first three months of 2012.

Fitch says Singapore banks can fully absorb asset-quality shocks through their earnings alone, thereby leaving a limited impairment risk on capital.

India’s largest bank records an incredibly huge jump in profits after generous government support.

A Chinese professor at Yale University believes the acquisition of control over Bank of East Asia by the Industrial and Commercial Bank of China and its financial partners will be the first of many by Chinese banks.

Commercial Bank of Ceylon's Islamic banking unit has opened a dedicated service point for 'Sharia Compliant Banking' at its Akkaraipattu branch.

City Union Bank hopes to register a 20-30 percent growth this fiscal amid challenging times. "We hope to maintain a growth rate between 20-30 per cent this year. At the beginning of last fiscal we thought the economic condition would improve during the first two quarters of the current fiscal. But going by the current trend we think the economy would hit the growth path during the beginning of the next financial year," said the the bank's managing director, N. Kamakodi. Announcing the bank's annual results for the year 2011-12, Kamakodi said the net interest margin is expected to go down by 10-20 basis points from the last year's level of 3.4 per cent. For the 2011-2012 fiscal, the bank posted an after-tax profit of Rs.280.25 crore on a total income of Rs.1,903.90 crore, up from Rs.215.05 crore and Rs.1,219.41 crore logged during 2010-11. The bank's total business was at Rs.28,563 crore as against Rs.22,243 crore done during 2010-11. For the period under review, City Union Bank's net non-performing assets scame down to 0.44 per cent from 0.52 per cent as on March 31, 2011. According to Kamakodi, the bank's profit is higher by Rs.10 crore last fiscal as the provisions towards doubtful debts came down to around Rs.57 crore from Rs.67 crore during fiscal 2010-11. On the restructuring of advances, Kamakodi said the bank had restructured only six loan accounts last year involving a total amount of Rs.38.63 crore. "The overall restructured loan portfolio is around Rs.268 crore, down from Rs.533 crore three years before,"  Kamakodi said. "Only Rs.13 crore has become bad out of our restructured accounts during the past three years. Ninety per cent of our loan book is covered by collateral security," Kamakodi added. For more, click here.

DongA Bank generated a pretax profit of VND500 billion or US24 million in the first four months of this year.

The non-performing loan ratio in the first quarter for China's commercial banks went down by one percent from last year at 0.9 percent.