News
ANZ Bank posts 10% increase in profits
ANZ Bank posts 10% increase in profits
ANZ Bank profited A$4.4 billion for the nine months to June for a 10 percent increase of profits.
Visa prepares for e-payments in Myanmar
Visa has stared a series of training workshops to prepare selected local banks for the introduction of electronic payments in Myanmar.
Alliance sees growth in Malaysia's consumer, SME sectors
Alliance Financial Group is pushing for more more business in the consumer and SME sector.
Indian ATMs to double; accept deposits
Indian banks have been asked to double the number of ATMs and upgrade it cash collecting machines.
Chinese banks face worsening short-term liquidity
A steady fall in foreign direct investments are crimping the expansion of China’s monetary base.
Krung Thai Bank to expand in Myanmar, Vietnam
Krung Thai Bank believes that it will have enough financial muscle to serve non-Thai customers such as state agencies in Myanmar and Vietnam.
Affin starts negotiation for Bank Muamalat merger
Malaysia's central bank has given the green light for Affin to commence negotiations for a possible acquisition of equity interests in Bank Muamalat.
China’s first technology bank to support tech companies
SPD Silicon Valley Bank which focuses on commercial services for technology start-ups opened this week in Shanghai.
Maybank tops expectations on loans growth
Driven by growing loans and wealth management services Maybank beat expectations with a 25 percent rise in second-quarter net profit of RM1.44 billion.
Maybank expects to grow along with host countries
Maybank expects its growth pattern to be in tandem along with the countries it operates in.
ANZ may sell Asia bank stakes due to stringent capital rules
ANZ would sell some of its stakes in Asian banks if Australia does not ease stringent capital requirements, said chief executive Mike Smith.
Indonesia's BTN ups profit by 63% in H1
riven by rising loan demand, Bank Tabungan Negara's profit jumped 63 percent in the first half of the year.
State Bank of India strives to stave off bad debt tsunami
Bad debts sour the outlook for India’s largest lender despite a 138% rise in net profit in the three months ended June 30.
NPL ratio of Chinese commercial banks remains at 0.9%
The NPL ratio of China's commercial banks at the end of June remains unchanged from the end of the first quarter at 0.9 percent.
Thailand's Kasikorn Bank customizes services for Chinese customers
Kasikorn Bank plans to offer Chinese-language forms and documents, Chinese-speaking call center and a number of Renminbi-based transaction services.
Bad debt ratio of 18 Korean bank slips in Q2
The bad debt ratio of 18 South Korean banks fell in the second quarter from three months earlier.
Commonwealth Bank of Australia posts $7.43B profit
The Commonwealth Bank of Australia bucked uncertain business environment to push its profit up 11 percent from last year to US$7.43 billion.
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