News

Nearly 30 percent of all bank branches in Seoul were found to be concentrated in three wealthy Gangnam areas--the districts of Gangnam, Seocho and Songpa.

Taiwan’s Fubon Financial is seeking a 51 percent stake in China-based First Sino Bank for RM2.09 billion within the year.

Citibank Taiwan can immediately extend its renminbi-based products and services once Taiwan and China work out currency clearing and settlement rules.

Foreign ownership cap in Vietnamese banks should be considered carefully to prevent a wholesale takeover, experts warn.

Thai Commercial banks after are questioning four state-owned banks' failure to pay the fee of 0.46 percent of deposits to the Financial Institutions Development Fund.

Industrial Bank of Korea will open offices or cooperate with banks on all six continents by year-end, according to its CEO Cho Jun-hee.

There are now 14 Hong Kong-based bank branches on the Chinese mainland nine years after the signing of a key economic plan.

The bank eyes a 10% increase in its total card base within the first two years of the card's launch.

The retail equities broking license received by Yes Bank Ltd from India's central bank will intensify competition among banks for retail deposits.

India’s embattled banking sector could report a growth of 14.5% in Q2 earnings despite mounting bad debts and debt rollovers.

Here's what to expect from the agreement.

A court ruling allows state-owned banks to restructure or sell their non-performing loans.

Bank Mandiri can now restructure unncollected loans of Rp 32 trillion or $3.3 billion following a court ruling that changes the status of the debts.

Chinese banks could have lent only US$95 billion in new loans during September.

Indonesia’s global sukuk rallied for a fourth month on speculation that a cut in government fuel subsidies will boost demand at auctions in the coming quarter.

The average NPL ratio of the 38 Philippine universal/commercial banks went down to 2.18% in July from 2.45% a year earlier.