News
Islamic finance bill up for approval
Hong Kong takes a major step in advancing Islamic financing.
Philippines struggles to develop Islamic financing
Lacks regulations and talent.
S. Korea to inspect FX trading
To curb the won's strength.
Bank Mandiri posts 21.1% profit increase
A 22.8 percent increase in credits.
Australian bank sees subdued credit demand
Rein in costs and cut jobs.
Fears of profit losses escalate for Singapore banks
Macro headwinds will be the culprits.
4 signs that Deutsche Bank is strengthening its transaction banking business in Asia Pacific
New initiatives include the Asia Accelerator and FX4Cash.
China Merchants Bank's NPLs up 10.2% for the successive third quarter
And total deposits fell by 1.8%.
China CITIC Bank's net profit down 27% to CNY 7.9b in 3Q12
But underlying trends remain good.
This is how Hong Kong banks fared post QE1/2 in 2008
System deposit balance surged to HK$7tn.
Corporation Bank to widen network
Century-old bank to add 300 branches by 2013.
Thailand's KBank to facilitate loans with 19 Chinese banks
The largest Sino-Thai factoring service.
S. Korean banks' net down 4.1% in Q3
Blame it on shrinking interest income.
Chongqing Rural Commercial Bank's net profit up 28.1% to RMB1.36bn
But the 51% slump in net fee income was disappointing.
China Construction Bank's sluggish net fee income fell by 2% in 3Q12
But CCB's net profit increased 12% to RMB51.9bn.
Minsheng Bank's MSE loan growth rebounds by RMB29.9bn
The momentum is expected to continue into 4Q12.
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It is wading downstream from mortgages to lend to developers, hardware stores, and the likes.
Commentary
Built to last: How Japan is approaching the cross-border payments challenge
Asia’s 20% advantage: The simplification strategy rewriting banking from Singapore to Shanghai
Perth is emerging as an unlikely testbed for the future of global finance