News

Bank Indonesia will issue a regulation obliging the savings of foreign exchange from exports and foreign loans in doemstic banks, according to Jakarta Post.

Bank of China and Taiwan-based Hua Nan Bank and Chang Hwa Bank entered into the comprehensive business cooperation agreements.

Maybank Bhd will open at least six branches in Sabah as part of the commitment of the nation's biggest commercial bank to stimulate the economy, says executive vice-president Mohd Hanif Suadi.

ICBC announced after-tax profit in the first half of 2011 of RMB 109.6 billion, up 29% year-on-year.

ICBC registered RMB 3 trillion of assets under custody in the first half of 2011, ranking first among Chinese banks for 13th consecutive year.

The lender’s decision to sell its UK operations is still pending.

The lender shifts its eyes on Asia as economic growth in Latin America falls short from expected.

M&A deals in Thailand involving medium-sized corporations are seen as growth opportunities waiting to be seized.

SME loans have increased by US$53.33bn as of July 2011 since July 2005.

The lender adds branches as its business grew 20%.

Malayan Banking Bhd (Maybank) has applied for a banking license in Laos, said President & Chief Executive Officer Datuk Seri Abdul Wahid Omar.

DBS expects monetary tightening to kick-start again in Q1 2012.

China's bank lending quickened to 548.5 billion yuan or $86 billion in August, topping market expectations of 500 billion yuan and rebounding from July's seven-month low.

Bank of Nova Scotia will buy close to 20 percent stake in Bank of Guangzhou for about C$719 million or $722 million.

Bankcard transactions in China during the first half of 2011 reached 178.6 trillion yuan or US$27.9 trillion U.S. dollars.

But BBVA Research expects gradual tightening to resume if and when the global environment stabilizes.