News
China pursues financial reform
China pursues financial reform
The People's Bank of China unveiled a financial reform plan for the 2011-2015 period.
Bank of China becomes clearing settlement bank for CME
The New York branch of the Bank of China will become a clearing settlement bank and collateral custodian of CME Group, subject to regulatory approval.
Mobile Philippine bank aims for 1 million depositors
BPI Globe BanKo, which its owners claim is the world’s first mobile savings bank, intends to enroll one million depositors by 2013.
Tbank to increase lending to small provincial companies
Thanachart Bank plans to accelerate loan growth in its SME portfolio from small enterprises in the provinces.
Chinese stores urge for less bank card-swipe fees
The China Chain Store and Franchise Association urged the government to cut bank card-swipe fees charged to merchants.
CIMB expands SE Asian ATM Link
CIMB Thai's ATM network will be linked to CIMB in the Philippines, the sixth country of the CIMB ATM Regional Link.
SBI Cards plans to double its credit card base by March 2015
SBI Cards aims to more than double its credit cards in circulation over the next three years.
ICICI Bank to raise $500M through yuan
ICICI Bank plans to raise US$ 500 million through a Yuan bond being managed by Standard Chartered Bank.
Islamic finance players want balanced regulatory framework
Leading industry players in Islamic finance are requesting a balanced regulation that does not impede its growth or allow for abuse.
ICBC doubles cross-border RMB settlements
ICBC's total volume of cross-border RMB trade settlement jumped 94.6% year-on-year to RMB 790.1 billion in the first half of 2012.
Sacombank provides $24M loans for importers
Sacombank has allocated US$24 million for local importers to support businesses struggling in the industry.
Bank Negara Indonesia Syariah confident of meeting loan target
Bank Negara Indonesia's Islamic bank says it is confident of meeting its target of issuing $830 million or Rp 8 trillion in loans this year.
Indonesia tells sharia banks to put IPOs on hold
Bank Indonesia suggested that Bank Syariah Mandiri and Bank Muamalat bide time before floating their shares on the bourse.
China Construction Bank to open in Luxembourg
China Construction Bank, the world's second largest by market value, will soon open a subsidiary and a branch in the Grand Duchy of Luxembourg.
Bank Islam targets 30% loan growth
Bank Islam Malaysia is eyeing a 30 percent loans growth this year.
BSN eyes RM1.3B net
Bank Simpanan Nasional targets to increase its net income to RM1.3 billion by the end of this year from RM1.032 billion in 2011.
Chinese investors shun long-term corporate loans
Chinese businessmen continue to avoid taking out medium- and long-term bank loans over short-term worries about China's rapidly decelerating economy.
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