News

Vietnam's 14 biggest banks accounted for as much as 62% bad debts of the whole banking system, based on yet another research report.

Maybank expressed its long term commitment to Indonesia and that it will continue to play an important role in supporting the growth of its economy and the financial services industry.

Agricultural Bank of China will not raise equity to cope with a rise in its non-performing loan portfolio.

The staff of HSBC India have come under the scanner for deficiencies in acting as "offshore reviewers" against money laundering and terrorist financing.

Kasikornbank has received a license to open a representative office in Myanmar.

Kasikornbank reported a 4.22 percvxvcent in its consolidated second-quarter net profit of Bt9.4 billion.

Woori Financial Group audited Woori Bank for two months and found 30 insolvent loans worth US$8.76 million from May 7 to July 6.

Nine major South Korean banks arebeing investigated by the Fair Trade Commission on suspicion of colluding to fix the interest rates on certificates of deposit.

China’s recent credit liberalization could be endangered by lax fiscal policies.

Thailand's Kasikornbank has teamed up with Indonesia's Bank Central Asia in offering financial services to Thais doing business in Indonesia.

Krungthai Card's focus on attracting active spenders resulted in an increase in credit-card spending and use of its personal-loan products.

Thailand's banks identified the mobilisation of funds to meet loan demand while keping fund cost as low as possible as one of its challenges.

Bank of Taiwan is working to get the central bank's permission to become a clearing bank under the cross-strait currency clearing system.

Free market interest rates will hurt China’s banking sector but are inevitable.

Mian Mohammad Mansha is keen about providing banking services in India.

The US$140 deal was signed in January 2011 and approved by the Fed in May.