News

Hong Leong Bank's net profit up 25% to ~USD317m in 1HFY13

It's 52% of the Street’s full-year estimate.

ICBC's profit surged 69% to US$54m in Dubai

Thanks to stronger trade between China and Dubai.

RBS starts shutting down in India, to lay-off 1,000

RBS will be laying-off some of its 1,000 employees  as it winds down retail and commercial business in India.

Vietnam bank profits shrink in 2012 due to loan loss provisions.

Many Vietnamese banks failed to achieve their profit targets in 2012 due to bad loans.

Malaysia to reform Islamic banking industry

Goal is to double Islamic banking’s market share to 40%.

Zhou to stay on as central bank boss

Media reports are swirling that Zhou Xiaochuan will keep his job.

Maybank ups Q4 profit by 16% on higher loans, fee income

Maybank reported a 16 percent rise in quarterly profit, bolstered by higher net loans, advances and fee income.

Indonesia to allow state lenders to own multiple banks

Indonesia may allow state banks to have majority ownership of more than one lender. 

AmBank Group's pre-tax profit up in Q3

The AmBank Group experienced a surge in pre- tax profit for the third quarter ended Dec 31, 2012 to to RM504.31 million.

India urges China to broaden banking ties

Its aim is to reduce financial barriers in order to create a more conducive environment for companies.

Philippines reviewing new liquidity management tool

The Philippines is eyeing a tool is that provides deposit and lending facilities and ensure sufficient money supply.

Philippines' UCPB posts 22% net income increase

UCPB registered a net income of P3.73 billion for 2012 boosted by its loan protfolio and  trading and securities earnings.