News

BIDV signs cooperation agreement with IIB

Bank for Investment and Development of Vietnam will receive US$65 million credit.

Small Hong Kong banks dead set on expanding abroad

Blame it on competitive pressure in a mature low interest-rate Hong Kong market.

Bank Mandiri's branch network now 1.8 times the size of BCA's

Branch network increased by 1.6 times between 2009 and 2012.

Hong Kong banks' system deposits up 2.9% in January

Thanks to the 3.6% growth in HK$ deposits.

Philippines urges banks to boost OFW bank savings

Attractive financial instruments needed to achieve this.

UOB's profit growth to be skewed towards regions outside Singapore

Profit contributions from Indonesia, Malaysia and Thailand rose to 26% in 2012.

This is where BDO Unibank's surprise boost in 2012 earnings came from

It's from the lower-than-expected loan-loss provision of PHP4.9b.

RMB now ranks 13th in the world payments currency list

It has already overtaken the Russian Rouble.

Agricultural Bank of China reports record growth in loans to SMEs

Big Four bank said loans hit US$96 billion in 2012.

Smartphones propel mobile banking in South Korea

Bank of Korea said 37 million persons signed up in 2012.