In Focus

Malay banks resilient to US, Euro financial crisis: Maybank CEO

Maybank President and CEO Datuk Seri Abdul Wahid Omar says that the Malaysian banking sector will not be affected by the on-going financial and debt crisis in the United States and Europe.

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BoCom appointed to handle US$3.1bn dim sum bond issue

China Ministry of Finance to sell the bonds to institutional investors on Aug 17.

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Indonesia central bank mulls limiting bank ownership

The move aimed to promote good corporate governance and strengthen control of local banks.

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Malaysian banks to focus on non-interest income

Non-interest income business for the country's eight anchor banks seen to be about $5.91bn this year .

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Japan's big 3 set to expand overseas

The lenders capitalizes on stronger yen in quest to seek growth abroad as expected boost to loan demand from March quake is yet to materialize.

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Tibet allowed to put up regional bank

The China Banking Regulatory Commission has approved the establishment of a regional bank in the Tibet Autonomous Region with initial capital adding up to 1.5 billion yuan or 233 million U.S. dollars.

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Maybank advances Islamic banking development through collaborations

Malaysia's Maybank Islamic and Indonesia's Bank Syariah Mandiri will establish cross border collaboration in all Islamic treasury and trade finance matters.

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StanChart to close 43 Korea branches amidst strike

Nearly half of the lenders’ 6,500 employees here had a walkout to protest against a proposed incentive-based compensation system.

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Bank of China plans global expansion

Bank of China will continue to expand its overseas network despite becoming much more reliant on the domestic market in recent years. "By 2020, we expect to become a truly world-class bank," a China Daily report quoted BOC president Li Lihui as saying. The priority of setting up new overseas branches will be Asia in the next half year, Li told the newspaper.

In Focus

Philippines’ central bank approves banks to open 100 new branches

The ruling will enable lenders cater to financial needs of booming business activities in the country especially in rural areas.

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Singapore Banks may have to make less risky loans to meet new capital requirements

But analysts breathe a sigh of relief that new capital levels not too tight.

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Singapore’s big 3: New capital rules no big deal

Robust capital and financial standing of DBS, OCBC and UOB make them easy to comply with the new MAS ruling.

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China and India bank applies for licenses in Australia

AgBank, BoCom, Bank of Baroda, and Union Bank of India among the ten international banks to exploit Australia’s booming mining and resources industry.

In Focus