News

Central bank inspectors revealed that banks’ profit in Vietnam for 2011 was not as big as reported by many commercial banks.

Five Philippine financial institutions remain interested in acquiring the assets of bankrupt Export and Industry Bank.

KB Kookmin Bank President Min Byung-duk reportedly met with the bank’s labor union and proposed making a bid for Woori if the employees are also in favor.

India puts forward an underwhelming response to save the embattled rupee.

Vietnam's credit organisations are being required by the State Bank of Vietnam to refuse depositing and lending of gold.

Bangladeshi banks could no longer lend to clients due to excessive borrowings by the government.

India vents its anger on the stunning downgrade of some of its larger banks by Fitch Ratings, Ltd.

Investors wanting to own 40  to 90 percent of Indonesian banks should be healthy, should be listed and agrees to buy debt certificates that can be converted into equity.

Agricultural Bank of China continues its North American expansion.

A new agreement improves government oversight of their banks in each country.

Syndicate Bank is looking to intensify its fee income, retail and SME loans to boost its balance sheet.

Japan’s third-biggest bank by market value continues to gobble up foreign assets.

Nonghyup Financial Group recorded the lowest BIS ratio among Korean banks in May with 11.09 percent.

One of one of the largest commercial banks in Taiwan continues its expansion in Southeast Asia.

Reliance Commercial Finance will increase focus on SMEs to achieve its target credit growth rate of 15-16 percent this fiscal.

The stimulus that led to Vietnam’s huge economic growth the past decade has raised a huge problem of its own.