News

Thailand's banks are expected to lend more to SMEs next year due to new Basel requirements.

IDBI Bank plans to raise another USD 500 million through sales of foreign currency bonds to fund its overseas business growth.

The Philippines' big banks pushed their net earnings up 18.68 percent in the first six months to P55.152 billion.

CIMB Bank is still eyeing opportunities in India despite the cancellation of its proposed acquisition of RBS operations in India. 

The government is urging its Big Four state-owned banks to ramp up overseas expansion to strengthen their global competitiveness.

Customer confidence in banking continues to deteriorate in Korea, according to a survey.

China's top ten banks will register slower growth during the rest of the this year due to economic slowdown and overdue loans, according to a report.

Maybank hopes to complete its regional expansion in Southeast Asia by establishing a domestic retail and commercial banking presence in Thailand.

The Industrial and Commercial Bank of China has committed to lend US$18.7 billion to Chinese firms that wish to expand their presence overseas.

Malaysia's Islamic banks could get a greater role in managing sukuk by penetrating distribution channels to investors in Southeast Asia.

The Bank of Japan has extended its asset-purchasing scheme by US$128 billion to boost the moribund economy.

Kiatnakin Bank hopes to boost its SME lending portfolio ten-fold through its newly-acquired knowledge gained from its merger with Phatra Capital.

Kasikornbank is pushing for more credit cards transactions for revolving credit, aiming to raise their proportion 55 to 60 percent in two years.

Five of Malaysia’s 10 so called “anchor banking groups” are already doing business in China.

Taiwan and China have taken the next decisive step towards minimizing the influence of the US dollar over their trade transactions.

Pakistan and India have agreed to allow bank operations on a reciprocal basis to facilitate trade between both countries that have a history of violent animosity.