News
SME Bank taps BSN branches for collection
SME Bank taps BSN branches for collection
With better a collection system, SME Bank expects its NPLs to decrease to 15% by year-end, from 17% last year.
Bank of Ceylon records $7.53B balance sheet
Bank of Ceylon recorded Rs one trillion or US$7.53 biilion balance sheet at the end May, becaming the first corporate entity in Sri Lanka to do so.
Top Chinese bank makes it to the USA
One of China’s “Big Four” will open for business in New York this summer.
India preparing new policy roadmap for banking sector
India’s Ministry of Finance is working on a new policy framework for the country's banking sector.
Taiwan’s top financial firm to invest US$1.3 billion in China
Cathay Financial Holdings intends to invest up to US$1.3 billion to acquire mainland Chinese banks or build partnerships in China.
CIMB eyes second listing in Indonesia after Malaysia
CIMB plans to be listed on the Indonesia Stock Exchange, though currently it is only listed on Bursa Malaysia.
China curbs forex rules for firms expanding overseas
Chinese firms will be allowed to use foreign currency loans they acquire from domestic banks to finance operations overseas starting on July 1.
RMB liquidity facility to open in HK
A facility for providing Renminbi liquidity to authorized institutions in Hong Kong has been unveiled by the Hong Kong Monetary Authority.
China's banking authorities deny 30% home lending discounts
The PBOC said reports that it allowed 30 percent lending discounts to first-time home buyers contain deliberate misinterpretations.
CIMB sees its Indonesia earnings surpassing that from Malaysia
CIMB predicts that its business in Indonesia will surpass that from its home base of Malaysia in profit before tax in three years.
TienPhongBank to lend $144M in low interests
TienPhongBank has allocated US$144 million to provide low-interest loans for enterprises.
Electronic fund transfers in India to become free
The Indian government urged the Reserve Bank to find a way in making electronic fund transfers free of charge.
Allahabad Bank targets 21% growth
Allahabad Bank has set a business growth target of 21.39 percent by end of the current fiscal.
Indonesia’s Bank Jabar to acquire 51 small banks
Bank Jabar plans to buy a majority stake in 51 rural banks this year to tap the potential of small and micro businesses.
S. Korean banks warned against loan defaults
Loan delinquency rates have accelerated in Korea, making it imperative for lenders to better manage their loans.
Cathay United Bank to acquire Cambodian bank
Cathay United Bank will purchase 70 percent of the Cambodia-based Singapore Banking Corp. Ltd.
BSN's new service helps bring deals worth $15.8M
BSN posted over 600,00 transactions nationwide worth RM50 million or US$15.8 million since introducing its Banking Beyond Branches service in January.
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