News
Bank Muamalat ups Q1 net by 41.6%
Bank Muamalat ups Q1 net by 41.6%
Bank Muamalat's increased its by net profit 41.6 per cent to RM45.2 million for the first quarter ended June
ANZ customers allowed to challenge fees
Australia's High Court unanimously allowed a class action representing 38,000 ANZ customers to challenge a wide range of "exception fees".
Bank of Tokyo to increase Australian lending
Japan’s largest bank could invest billions of dollars to fund Australian home loans through other means.
SBI ties up with the Japan Bank for International Cooperation
State Bank of India has signed an agreement that will allow it to support funding needs of Japanese companies in India.
Indian Banks need US$90B more capital under Basel III
Indian banks needs an additional US$90 billion to meet Basel III capital Requirements by March 2018.
Thailand's TMB Bank focuses on lending to exporters
TMB Bank wants to build its export loan portfolio by adding attractive features for supply-chain solutions for exporters and their suppliers.
Ballooning local government debt threatens Big Four
Loans by China's Big Four banks to local government financing vehicles (LGFVs) amounting to US$410 billion from January to June has increased the risk of default by these entities.
Delinquency ratio up for Korean card firms
Delinquency ratio before provisioning of South Korean card companies rose by 0.06 percentage point in the second quarter from the previous quarter.
Nomura to slice US$1 billion in massive cost cutting
Nomura Holdings intends to save up to US$1 billion in a worldwide cost cutting program centered on its wholesale division.
Indian banks have $446M of unclaimed deposits
The Indian government wants unclaimed funds amounting to US$446,825,738 from Indian banks of more than 10 years be credited to a new fund.
State Bank of India to assist Japanese SMEs
State Bank of India and the Japan Bank for International Cooperation will help small companies Japan do business in India.
Agricultural Bank of China first half profits surges by 20.8%
Agricultural Bank of China's profits jumped 20.8 percent year on year in the first half of the year to 80.52 billion yuan.
US probes UK-Chinese bank connections on Iran business
US authorities have extended investigations of UK's HSBC and Standard Chartered to search for information on Chinese banks' businesses with Iran.
China, Taiwan prepare for cross-Strait currency clearing
China and Taiwan has paved the way for the establishment of a cross-Strait currency clearing mechanism by signing a memorandum on currency clearing.
Indonesia's Bank Mandiri to fortify Hong Kong unit
Encouraged by the huge remittances in its Hong Kong branch, Bank Mandiri is aiming to strengthen its business in the said country.
Offshoring popular among Hong Kong banks
An Asia-wide survey of the financial services sector found that 63% of Hong Kong banks and financial companies believe offshoring effective.
China Bank to finally have its own credit card
The Philippines’ China Banking Corporation will issue its first credit card next year.
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