News

Growing demand from companies and low borrowing costs in Indonesia boosted loan growth.

The notes were given a long term rating of AA1 by RAM Rating Services.

Rising incomes from loans and fees pushed China Minsheng Bank's first-half profits up by surged 56.98  percent.

Once valued at $20bn, the BofA stake is now seen to be worth several billion dollars less.

Despite weakening credit profile, the company to direct more funds into foreign investments with fixed incomes.

The country’s banking industry has been thrown into confusion since Bank Indonesia mulls new limits on bank ownership.

The bancassurance tie-up will offer simple and technology-enabled customized products.

The BSP attributes low incidence of problem loans to the adoption of prudent lending standards.

The lender’s senior executives believe that the global economic crises could be favourable to the Indian banks operating overseas.

The kiosk will further enhance customer convenience and self dependence by offering various services without the intervention of bank employees.

IFC already sold its 7% stake in the lender while HSBC plans to divest its 8% stake.

Indian Overseas Bank will be raising up to Rs 3,500 crore in core tier-I capital over the next three years to fund expansion.

Hong Leong Finance has reported a decrease of 17.8 % in its second-quarter net profit to S$26.3 million, down from S$32 million from the same quarter last year.

Citigroup Inc. and DBS Group Holdings announced that they haven’t cut credit lines to French lenders.

Customers of the former EON Bank will be able to conduct transactions at all of its 145 branches redesignated as Hong Leong Bank  branches beginning today.

TienPhongBank gained over 180 billion dong pre tax profit during the first 6 months, up 16 billion dong against its plan.