News

AMMB Holdings pre-tax profit for the financial year ended March 31 surged to RM2.082 billion from the RM1.865 billion posted the previous year.

A Japanese bank frozen halted US$2.6 billion assets ofthe Iranian government after a U.S. court order.

The government again goes to bat for small businessmen.

Commonwealth Bank of Australia posted a net profit of US$1.69 billion for the first three months of 2012.

Bank Simpanan Nasional increased its net income for financial year ended Dec 31, 2011 to RM1.032 billion or US$332 million.

Hong Leong Financial Group increased its earning by a 49.2% increase in earnings to RM394.77mil in the third quarter ended March 31.

Lack of new loans continue to haunt China's four biggest banks in the first two weeks of May.

Australia & New Zealand Banking Group Ltd. (ANZ) will triple the size of its banking network in China.

While HSBC Malaysia had been growing in the last two years and was looking at its cost base very carefully, it has yet to fully penerate the Malaysian market.

An Indonesian bank will build on the success of its mobile banking program.

Allahabad Bank plans to revive its $500-million overseas bond sale plan to support its growing Hong Kong business.

Exim Bank Malaysia had approved RM800 million or US$259M in loans as of April, according to its Managing Director/CEO Datuk Adissadikin Ali.

Moody's gave CIMB Bank Bhd's plan to acquire a 59.98 per cent stake in the Philippines Bank of Commerce positive rating.

India’s bankers remain confident that extending credit to individuals is the correct path to growth.

China takes another step to shore-up its beleaguered banking sector.

The more than 500 ATM terminals in Sri Lanka of the Commercial Bank of Ceylon can now be utilized by holders of UnionPay credit and debit cards.