News

Australia & New Zealand Banking Group Ltd. (ANZ) will triple the size of its banking network in China.

While HSBC Malaysia had been growing in the last two years and was looking at its cost base very carefully, it has yet to fully penerate the Malaysian market.

An Indonesian bank will build on the success of its mobile banking program.

Allahabad Bank plans to revive its $500-million overseas bond sale plan to support its growing Hong Kong business.

Exim Bank Malaysia had approved RM800 million or US$259M in loans as of April, according to its Managing Director/CEO Datuk Adissadikin Ali.

Moody's gave CIMB Bank Bhd's plan to acquire a 59.98 per cent stake in the Philippines Bank of Commerce positive rating.

India’s bankers remain confident that extending credit to individuals is the correct path to growth.

China takes another step to shore-up its beleaguered banking sector.

The more than 500 ATM terminals in Sri Lanka of the Commercial Bank of Ceylon can now be utilized by holders of UnionPay credit and debit cards.

CIMB Bank Bhd's proposed acquisition of a 60 per cent stake in Philippines-based Bank of Commerce has no immediate rating impact.

The Industrial and Commercial Bank of China has received US government approval to take over an American bank.

The chairman of the troubled Export and Industry Bank wants to sell all the banks assets and liabilities to Banco De Oro Unibank Inc.

Sacombank may sell shares to foreign investors up to 15 percent of it chartered capital.

The draft plan to merge Hanoi Building Commercial Bank into Saigon-Hanoi Commercial Bank has been approved by shareholders of both banks.

The dire need to strengthen its banking industry is not lost on India.

United Overseas Bank Ltd posted 12 percent rise in quarterly profit due to higher loan margins and fees.