News

According to Duong Thu Huong, General Secretary of Vietnam Banks Association, up to 83% of number of ATM cards are being used for cash withdrawal.

Governor Kim warns of another rate hike in the third quarter.

Move is part of China’s scheme of globalizing the currency as many Chinese and foreign businesses tapping Hong Kong's burgeoning market for renminbi debt.

The strategic alliance of two lenders enables parties to cross-sell products, step up global co-operation and sharing of information among the two lenders' subsidiaries.

Philippine National Bank raised P6.5 billion by selling 10-year debt notes qualifying as tier 2 or supplementary capital.

TienPhonBank obtained VND139 billion in pre-tax profits in the first five months of the year, doubling the figure in the same period last year.

The lender immediately wants to test the market once new laws that seeks to clear the way for Australian lenders to issue covered bonds is passed.

The lender said companies would be left behind if they failed to grasp social media marketing, which had proved successful by its own experience.

New rules lowering reserve ratio for loans to SME’s designed to get credit flowing back to the country’s suffering small businesses

RHB eager to buy Thai banks to take advantage on the robust growth in the country's banking sector.

RHB Capital has received permission from Bank Negara to negotiate with CIMB Group and Maybank on merger plans.

South Korea's Woori Finance has signed a preliminary agreement for strategic partnership with China's Bank ofCommunications.

The lender opens its doors to allow customers to settle their trades in 14 exchanges in 10 countries.

Involves partial lifting of moratorium on the establishment of new banks in 8 restricted areas in nation’s premiere metropolitan area.

The lender attempts to capture Thailand, which it calls ‘the place’ in Asia for seizing growth opportunities in the region.

The move seeks to strengthen position in rural areas following the management’s dissatisfaction of the lender’s progress in these areas.