News

Krungthai Card targeting active spenders

Krungthai Card targeting active spenders

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

Thai banks wary of high fund cost

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 braces for clearing bank role

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

China’s interest rate liberalization to hit bank profitability

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

Richest Pakistani eyes foray in Indian banking

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

ICBC completes acquisition of U.S. bank

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

Mandiri wants bigger role in ASEAN market

Bank Mandiri will continue to make innovations in business development to become one of Southeast Asia's major banks.

Report shows Chinese banks lack transparency

Transparency International ranked Chinese banks at or near the bottom of a list of 105 international firms ranked for transparency.

More credit loans eyed for Vietnam businesses

Senior experts made online discussions of ways of handling low growth of credit loans in Vietnamese banks.

Indians most interested on Facebook banking

Citi is gauging public reponse about offering banking transactions through Facebook.

Mobile payments promoted in Mekong region

The latest developments in mobile payments in Thailand, Laos, Cambodia, Myanmar, and Viet Nam are being showcased at a banking summit in HCM City.

Vietnam's OCB to get credit loans for SMEs

The Orientation Commercial Bank of Vietnam will get a credit loan worth US$10 million from the International Finance Corporation to support SMEs.

Industrial Bank of Taiwan to open leasing outlet in Tianjin

Industrial Bank of Taiwan is planning to open a financial leasing outlet for small-and medium-sized enterprises in Tianjin within the year.

Malaysia's banking system rated stable by Moody's

Moody's gave a stable outlook for Malaysia's banking system in the next 12 to 18 months with its expansionary policies tosupport credit growth.

Malaysian financial system benefiting from Japan: Governor

Malaysia welcomes the continued participation of Japanese financial institutions in the domestic financial sector and in the Labuan International Business and Financial Centre.

Bank Jatim stock sale to fund SME loans

Bank Jatim's lending in the first half has reached 94 percent of its full-year target touching Rp 18 trillion or US$1.9 billion, up 12 percent from last year.

CIMB withholds buying RBS India assets

CIMB will not proceed with plans of acquiring RBS India assets due to "unexpected" legal hurdles.