News

South Korea will conduct daily checks on local banks' foreign currency levels to stave off a liquidity crunch amid rising market volatility.

The lender targets $3.1bn if the government retains its 59% stake, $2bn for 51% and $2.43bn for 55%.

HSBC Amanah Malaysia Bhd tapped Islamic Development Bank's International Islamic Trade Finance Corporation's expertise to implement its Shariah-compliant trade financing.

China Merchants Bank's first-half profits increased 40.12 percent year-on-year to 18.5 billion yuan or US$2.87 billion.

Concern on Indonesia central bank’s latest policy prompted the Malaysian lender to halt the bid.

Only six local lenders made it to the NT$10 billion (US$333.33mn) club last year.

Figure enough to fund 9.6 months of retained imports and was 4.5 times the short-term external debt.

Bidv Binh Duong will provide a credit program worth 7.7 trillion dong in 2011-15 period to Becamex IDC.

BS Financial Group Inc., the holding company of regional lender Busan Bank, said Monday its net profit came to 225.8 billion won in the first half of the year.    The first-half results reflected earnings from March 15 to June 30, because the holding company, which has Busan Bank and three other affiliates under its wing, started operating on March 15, it said.    Revenue stood at 1.4 trillion won, while operating profit came in at 296.7 billion won, the group said in a regulatory filing.    The group's flagship Busan Bank raked in a net 230.5 billion won on a revenue of 1.3 trillion won in the January-June period.    BS Financial's total assets reached 36.9 trillion won as of the end of June, with non-performing loans accounting for 1.05 percent of its total lending, the group said.    The group is based in Busan, the country's largest port city 453 kilometers southeast of Seoul.

Three investors have officially expressed interest in purchasing the Bank Mutiara.

The Islamic Development Bank officially informed  Bank Indonesia of its postponement in selling its shares of PT Bank Muamalat Tbk.

Citi will add JCB credit card merchants in nine countries and territories throughout Asia.

Commercial Bank opened its 200th branch in Kataragama. "Kataragama is an appropriate location for our 200th branch," Commercial Bank's Chief Operating Officer Ravi Dias said. "It attracts people of many faiths from all over Sri Lanka. The new branch will serve the needs of the thousands of visitors while enhancing the banking experience of the resident population. The new branch is equipped with two Automated Teller Machines that are linked to Commercial Bank's 430 other ATMs in Sri Lanka, and to more than one million ATMs of the Cirrus and Visa networks worldwide. It is also computer-linked to the Bank's all other branches and customer service points in Sri Lanka.  

Sri Lanka's Amana Bank will open its first Sharia- compliant commercial bank in 14 branches across the country.

CIMB will be looking at investment opportunities for Malaysian and Asean companies to invest in India and vice-versa.

Japan Money Express has formally started its operation to provide reliable service to the Nepalese people working in Japan through its 400 agents in Nepal.