News

Malaysia’s Khazanah Nasional triples its ownership in CIMB Group Holdings Bhd, one of Malaysia's leading banks.

The National Savings Bank recorded a 16% deposit growth in 2011, with its deposit base surpassing the Rs. 400 billion or US$3.2 billion mark.

Sampath Bank will infuse capital to support the fund base by securing a US $ 62.5 million syndicate loan from India's Bank Mascat.

Techcombank posted a US$200 million in 2011, an increase of over 53 per cent over 2010.

The Philippine baking system showed robust deposit strength in 2011.

Indonesia's largest banks will start chasing high yields from retail loans.

Bank Mandiri’s subsidiary business units contributed 12.73 percent to the group’s overall net profit in 2011 with a net profit of Rp. 1.56 trillion or US$170 million.

CIMB Niaga's micro lending segment surged 352 percent last year to Rp 1.2 trillion or US$130.9 million from Rp 271.9 billion in the previous year.

Morgan Stanley’s wholesale banking license allows it to expand its lucrative wealth management business and boost lending.

BIDV together with its consultant Morgan Stanley will actively negotiate to sell shares to foreign strategic partners with about 15 percent stake.

ANZ has expanded into Malaysia with a branch office in the Labuan International Business and Financial Centre.

Bank Islam expects 2012 to be challenging with moderate loans growth and weaker net interest margin as competition sets in.

Alliance Bank Malaysia is confident of gaining a 15-17 percent growth in its SME business for its financial year ending March 31, 2013.

Chinese banks extended 710.7 billion yuan or $112.5 billion in new loans in February, well below market expectations of 750 billion yuan.

Faced by the impending disintegration of its banking industry, Vietnam goes for a drastic solution.

The Land Bank of Taiwan has closed its representative office in Ho Chi Minh City.