News

Only five groups are dominating South Korea's banking industry, industry data showed.

The Philippines’ largest bank in assets, loans and deposits reports record performance metrics for 2011.

The fourth largest bank in the world’s largest Muslim country wants to do more Islamic or “Shariah” banking.

BIMB Holdings' profit before zakat and taxation is up 47 percent to US$189.2 million for the financial period ended Dec 31, 2011.

Hong Leong Financial Group's profit before tax decreased 34.4% to157.8 million for the first fiscal half-year ended 31 December 2011.

For 4Q11 alone, the Group’s net profit of US$374 million was 12% higher than 3Q11.

HSBC made a $21.9 billion profit last year, the largest among western banks, as its strength in Asia helped it cope with a euro zone debt crisis.

America’s second largest bank wants to be among the Big Boys in China’s banking industry.

Bank Maybank Indonesia expects lending to grow by 20 percent this year, according to a top executive.

Foreign banks that today supply only 5% of India’s total lending will soon be required to provide some 40% of loans needed by small businesses and exporters.

A massive restructuring by the world’s second largest bank continues to surprise with its depth.

Maybank posted RM3.563 billion or US$1.18 billion in pre-tax profit in the first six months ended Dec 31, 2011.

China’s Big Four banks have less and less to cheer about as the year stumbles on.

Bank Permata reported an increase in profit last year as loan demand by Indonesian consumers and corporations rose and the economy grew.

The souring Chinese economy continues to dent the bottom line of Chinese banks.

Bank Muamalat started its repositioining program of upgrading and reocating branches with its 57th branch in Temerloh.