News

Maybank's group profit before tax increased to RM6.27 billion for the year ended June 30, 2011.

China Construction Bank realized an operating income of 197.246 billion yuan or around US$30.82 billion for a year-on-year increase of 28.31 percent in the first half of 2011.

Bank of Communications recorded a first half profit increase of 29.67 year-on-year, helped by a widened net interest margin and higher commission fees.

ANZ Bank will likely raise its full-year earnings growth to another record profit.

The sale of Woori Finance Holdings Co. for a minimum of 30% stake fell through again as it attracted only one investor.

HKMA head said the HK dollar would lose its advantages if it is pegged to the Mainland’s currency.

The move will likely boost the lender’s productivity and reduce cost as it expect slow growth period to extend.

Bank Indonesia and Bank Negara Malaysia lead ASEAN banking integration by 2020.

Yet the state-run lender stressed that it has no exposure to the region’s sovereign bonds.

Goldman Sachs and Canada Pension Plan joined MBK in its attempt to seal South Korea’s biggest banking privatization deal.

Bank Indonesia’s bank ownership limit aimed to foster good governance in banking after fraud cases surfaced.

Growing demand from companies and low borrowing costs in Indonesia boosted loan growth.

The notes were given a long term rating of AA1 by RAM Rating Services.

Rising incomes from loans and fees pushed China Minsheng Bank's first-half profits up by surged 56.98  percent.

Once valued at $20bn, the BofA stake is now seen to be worth several billion dollars less.

Despite weakening credit profile, the company to direct more funds into foreign investments with fixed incomes.