News
Chinese banks intensify lending
Chinese banks intensify lending
Chinese banks lent a record US$160 billion in March in a bid to boost China’s faltering economy.
Indonesia wants reciprocity in Singapore operations
Indonesian banks should be given equal treatment in operating in Singapore as a condition for the approval of DBS Bank’s bid for Bank Danamon.
BNI combines insurance with investment products
BNI is expecting to earn more from its bancassurance business with new deals from several insurance companies.
Maybank looking to bid for Philippine Islamic bank
Maybank may bid for Al Amanah Islamic Bank of the Philippines, who is looking to sell a 49% to 100% stake.
RHB Capital expects to begin Indonesia banking this year
A Malaysian financial group remains undeterred by Indonesian moves to cap foreign ownership in its banks.
Panin Group sees no Bank Panin sale this year
Panin Group does not expect to sell its controlling 46 per cent stake in Bank Pan Indonesia this year due anticipated strong growth.
Panin Bank hopes to boost capital by $272.9M
Panin Bank hopes to raise as much as US$272.9 million from the financial markets to strengthen its capitalization.
HSBC sells Korean retail operations
HSBC’s international restructuring has hammered its operations in South Korea.
Dhanlaxmi Bank tries to regain investor confidence
Dhanlaxmi Bank will focus on increasing its retail business and cutting costs, CEO PG Jayakuma announced in trying to regain investor confidence.
BNI’s Q1 performance ‘on track’
BNI collected up to Rp 1.8 trillion or US$198 million in new mortgages in the first three months of 2012.
ChinaBank Savings in huge branch expansion
ChinaBank Savings, Inc plans to quintuple its number of branches in the next three to five years.
Malaysian banks advised to tap social media
Malaysia's banks were advised to innovate their approach towards customers via the Internet as well as tap the rising importance of the social media.
Janata Bank Nepal going public in May
Janata Bank Nepal Limited has completed preparations for initial public offering.
Bank Muamalat anticipates lower 2012 profit
Bank Muamalat is expecting its pre-tax profit for the financial year ending March 31, 2012 to go down from the preceding year.
Indonesian credit-card holders reach 14.5 million
Credit cards issued in Indonesia increased to 14.58 million in February from 13.8 million over the corresponding period last year.
IOB to add 400 local and international branches
The expansion plans of the Indian Overseas Bank (IOB) will reach out to other countries.
Vietnamese banks reaching out to nearby markets
Maritime Bank plans to set up branches or 100 percent Vietnamese owned banks in foreign markets, possibly Laos and Cambodia.
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Productive sectors need more capital to stimulate the slowing economy.
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The Asian connection: China's path to sustainable growth