Retail Banking
ABC downplays non-performing loans
ABC downplays non-performing loans
Agricultural Bank of China will not raise equity to cope with a rise in its non-performing loan portfolio.
Woori Financial audits Woori Bank
Woori Financial Group audited Woori Bank for two months and found 30 insolvent loans worth US$8.76 million from May 7 to July 6.
Who's banking Asia's millionaires?
Private banks are in for a competitive market to serve Asia's rich with a whopping wealth of US$10.7 trillion.
WMP boom could hurt China’s weaker economy
Sales of wealth management products in China jumped 43% to US$1.90 trillion during the first half of the year.
Thailand's KBank partners with Indonesia's BCA
Thailand's Kasikornbank has teamed up with Indonesia's Bank Central Asia in offering financial services to Thais doing business in Indonesia.
India's LIC eyes Malaysia, Singapore expansion
India's LIC Housing Finance Ltd, is looking to expand in Malaysia and Singapore as it seeks to increase its overseas presence.
Richest Pakistani eyes foray in Indian banking
Mian Mohammad Mansha is keen about providing banking services in India.
Mandiri wants bigger role in ASEAN market
Bank Mandiri will continue to make innovations in business development to become one of Southeast Asia's major banks.
Report shows Chinese banks lack transparency
Transparency International ranked Chinese banks at or near the bottom of a list of 105 international firms ranked for transparency.
Agricultural Bank of China VP Yang Kun resigns
The Agricultural Bank of China announced that its vice president Yang Kun has resigned.
CIMB withholds buying RBS India assets
CIMB will not proceed with plans of acquiring RBS India assets due to "unexpected" legal hurdles.
New Zealand banks profitable despite Euro crisis impact
New Zealand's banks managed to retain profits despite less investments caused by the European crisis.
S Korean Banks expected to net lower profits in 2Q
South Korean banks are expected to suffer sharp decline in second-quarter net profit.
New Malaysian bank eyes $785M in transactions
India International Bank Malaysia Bhd aims to record RM2.5 billion or US$785 million in loans and deposits in the next three years.
Dena Bank eyes 20-25% credit growth
The deficit caused by rainfall has not caused any major worry on credit offtake for Dena Bank, although it could be a problem if it worsened.
How will foreign banks' local incorporation affect Singapore's banking industry?
Foreign banks are now forced to decide whether to further commit to the Singaporean market and compete with domestic banks neck-to-neck, says ADB.
Pawnshops, stores to offer banking services in the Philippines
The Philippine central bank mulls making sari-sari stores, payments centers and other store-like facilities banking conduits.
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1. Franklin Templeton gets approval to launch first retail tokenised fund in Singapore 2. UOB maintains profitability despite possible slower loan growth 3. Sea rebrands digital finance business SeaMoney to Monee 4. Japan’s SMBC is buying a 20% stake in India’s Yes Bank 5. Vietnam’s finance sector faces digitalisation challenges despite eased regulationResource Center
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