News

China's micro-credit sector experience massive growth with encouragement from the government.

Japan isn’t the only country looking to strike M&A fortunes in Europe.

CIMB Group’s Asian expansion plan will not be significantly impacted by its purported acquisition of Asian assets of the RBS.

ANZ chief executive Mike Smith  promised to protect future profits by again raising lending rates independently of the Reserve Bank.

Analysts forecast that South Korean financial services groups will post robust earnings this year.

Increase in loan-loss provisions caused IBK's fourth-quarter earnings to go down by 73 percent from one year ago.

Korea Eximbank will form a consultative group with five Chinese banks to help Korean firms win large overseas projects.

The Bank of Tokyo Mitsubishi UFJ will penetrate deeper into the Cambodian market with the launching of its representative office.

Hong Kong's total credit card receivables went up 10.9 percent to US$13 million in the fourth quarter of 2011 from a year earlier.

One of Australia’s most stable banks is cut by the banking crisis.

While Pakistani banks are earning profits, they failed to mobilise deposits which fell between June and November 2011 and in January 2012. There was a marginal rise in December.

Bank Negara Indonesia will open a branch in Saudi Arabia this year.

Mainland Chinese will soon be seeing much more of HSBC.

Bank Danamon increased its consolidated profit by 16% to Rp3.34 trillion in 2011from Rp2.88 trillion in 2010.

The strong yen, a bane for Japanese exporters, is proving a gold mine for Japanese banks intent on mergers and acquisitions aboard, especially in Europe.

ICBC Beijing branch's total outstanding small business loans grew more than 60% to nearly RMB 15 billion by end-2011.