News

China Huarong Asset Management Co Ltd has been officially transformed into a joint-stock company focused on bank-related businesses.

Vietnam has ordered its central bank to take timely measures to stabilize the banking system and regain the confidence of the public and investors.

South Korea's major banks have been charging borrowers higher interest rates over the past few weeks.

Malaysia's banking sector will experience resilient earnings in line with the country’s sturdy economic growth supported by strong domestic demand, robust capital markets and exports.

Maybank clarified that its private placement exercise was a proactive move to boost its equity capital ahead of the implementation of the Basel III capital framework.

OCBC Bank boosted its SME loans by more than 20 percent for the first six months.

KTB Leasing foresees the retail market to expand sufficiently capable of boosting its loan growth and interest income.

Customers have a right to be angry at Australian banks over past treatment, says the Chief of Bendigo and Adelaide Bank, Mike Hirst.

BDO  is not in a rush to tap fresh capital for its lending business, since it has adequate funds.

Siam Commercial Bank is aiming to raise its housing loans by Bt120 billion this year, instead of the expected Bt95 billion.

Restructured loans are failing to secure payments for massive debts and will instead balloon to a massive US$39 billion in the fiscal year ending March 2013.

Some US$10.5 million was withdrawn from Kanbawza Bank on Friday last week due to unfounded rumors.

Outstanding loans of Philippine commercial banks slowed to 14 percent in August from 16 percent in July.

Cathay Financial reported NT$1.69 billion (US$57.48 million) in net income in September, up 24.26 percent from the previous month.

The Asian Development Bank has signed an agreement that will expedite the adoption of Islamic banking across Asia.

Unless they are trying to significantly boost capital outlay, Banks in Malaysia are unlikely to engage in capital raising activities, said banking analysts.