News

Nepal wants the rural  branches of Rastriya Banijya Bank, Agricultural Development Bank and Nepal Bank Limited that were closed during 12-year Maoist conflict to be reinstated.

Rising net interest incomes, commissions and lower operation costs pushed the earnings of Shanghai Pudong Development Bank up 42.28% year-on-year.

PT Bank DBS Indonesia posted a 74.4 percent increase in net profits to Rp 384 billion or US$41.8 milion in 2011.

HSBC dismissed a Financial Times report saying it plans to scale back or even exit certain Asian countries to concentrate on core areas.

Mitsubishi UFJ Financial Group ponders what it needs from among US$120 billion in unwanted European assets on its doorstep.

Bank BJB’s lending grew by 21.52 percent last year to Rp 28.76 trillion or US$3.13 billion.

Bank Mega's net income went up 12 percent from the previous year to more than a Rp 1 trillion or US$109.3 million.

All won’t be well with India’s banks until after next year at the earliest.

Malaysia’s Khazanah Nasional triples its ownership in CIMB Group Holdings Bhd, one of Malaysia's leading banks.

The National Savings Bank recorded a 16% deposit growth in 2011, with its deposit base surpassing the Rs. 400 billion or US$3.2 billion mark.

Sampath Bank will infuse capital to support the fund base by securing a US $ 62.5 million syndicate loan from India's Bank Mascat.

Techcombank posted a US$200 million in 2011, an increase of over 53 per cent over 2010.

The Philippine baking system showed robust deposit strength in 2011.

Indonesia's largest banks will start chasing high yields from retail loans.

Bank Mandiri’s subsidiary business units contributed 12.73 percent to the group’s overall net profit in 2011 with a net profit of Rp. 1.56 trillion or US$170 million.

CIMB Niaga's micro lending segment surged 352 percent last year to Rp 1.2 trillion or US$130.9 million from Rp 271.9 billion in the previous year.