News

CIMB Group would apply for a banking licence in Laos in its bid to cover all Asean markets.

The government forecasts the contribution of SMEs to the gross domestic product to rise to 41% in 2020.

Many Vietnamese banks have announced profits of trillions of dong in 2011 despite the many challenges. However, many banks say that these profit levels are not high in comparison with their equity size.

Retail banking IT spending in Asia-Pacific is pegged to increase by over US$7bn.

Japanese banks, already reeling from the country’s massive debt, fear international sanctions on Iran could deliver a “big blow” to their system.

The bank will expand its retail lending, private banking and asset management businesses, with a special focus on China, India, Indonesia and Australia.

ICBC will aggressively extend the "Small Convenient Loan", credit loans to small and micro enterprises, in areas in China where a lot of small and micro enterprises located.

The mighty continue to fall victim to the ever-worsening fund drought.

The ongoing financial crisis in Europe will raise regulatory pressure on capital and liquidity for banks and insurers this year.

The Bankers' Association of the Philippines (BAP) believes demand for loans will grow by 15% to 20% this year because of the country’s sound macroeconomic fundamentals.

OCBC Bank plans to open seven new branches through Malaysia in 2012 to cater to its growing customer base.

Macao's loans to local private sector decreased by 0.3 percent month-to-month in November to US%20.57 billion.

The People’s Bank of China will suspend sales of its three-month bills ahead of the Lunar New Year holiday on Jan. 23.

HSBC Amanah Malaysia Bhd will introduce an innovative sukuk this year for retail investors to maintain HSBC's position as a leading sukuk house.

The People’s Bank of China hopes to avert mounting economic unrest with a series of measures that include more support for struggling entrepreneurs and relaxing curbs on investment and lending.

VietinBank held a conference to assess the results of business performance in 2011 and set the direction and tasks in 2012. Among the participants was State Bank of Vietnam Governor Nguyen Van Binh.