News

China's top ten banks will register slower growth during the rest of the this year due to economic slowdown and overdue loans, according to a report.

Maybank hopes to complete its regional expansion in Southeast Asia by establishing a domestic retail and commercial banking presence in Thailand.

The Industrial and Commercial Bank of China has committed to lend US$18.7 billion to Chinese firms that wish to expand their presence overseas.

Malaysia's Islamic banks could get a greater role in managing sukuk by penetrating distribution channels to investors in Southeast Asia.

The Bank of Japan has extended its asset-purchasing scheme by US$128 billion to boost the moribund economy.

Kiatnakin Bank hopes to boost its SME lending portfolio ten-fold through its newly-acquired knowledge gained from its merger with Phatra Capital.

Kasikornbank is pushing for more credit cards transactions for revolving credit, aiming to raise their proportion 55 to 60 percent in two years.

Five of Malaysia’s 10 so called “anchor banking groups” are already doing business in China.

Taiwan and China have taken the next decisive step towards minimizing the influence of the US dollar over their trade transactions.

Pakistan and India have agreed to allow bank operations on a reciprocal basis to facilitate trade between both countries that have a history of violent animosity.

The People's Bank of China unveiled a financial reform plan for the 2011-2015 period.

The New York branch of the Bank of China will become a clearing settlement bank and collateral custodian of CME Group, subject to regulatory approval.

BPI Globe BanKo, which its owners claim is the world’s first mobile savings bank, intends to enroll one million depositors by 2013.

Thanachart Bank plans to accelerate loan growth in its SME portfolio from small enterprises in the provinces.

The China Chain Store and Franchise Association urged the government to cut bank card-swipe fees charged to merchants.

CIMB Thai's ATM network will be linked to CIMB in the Philippines, the sixth country of the CIMB ATM Regional Link.