News

Malaysia still leads in Islamic finance trailed by Singapore, which is striving to create more business in the sector.

New loans extended by Chinese banks in July came to just US$84.9 billion against an expected US$110 billion, the lowest level since October 2011.

The Reserve Bank of India released draft guidelines to limit banks' exposure to their own group non-financial and financial entities.

The "big four" Chinese banks extended 70 billion yuan or $11 billion worth of yuan-denominated loans in the first half of August.

Around 3.23 billion bank cards were issued in China as of the end of the second quarter.

China’s first private bank posted a second-quarter net income 20% larger than the year before but triggered a sell-off at the Hong Kong exchange that dragged down other major Chinese banks.

ANZ Bank profited A$4.4 billion for the nine months to June for a 10 percent increase of profits.

Visa has stared a series of training workshops to prepare selected local banks for the introduction of electronic payments in Myanmar.

Alliance Financial Group is pushing for more more business in the consumer and SME sector.

Indian banks have been asked to double the number of ATMs and upgrade it cash collecting machines.

A steady fall in foreign direct investments are crimping the expansion of China’s monetary base.

Krung Thai Bank believes that it will have enough financial muscle to serve non-Thai customers such as state agencies in Myanmar and Vietnam.

Malaysia's central bank has given the green light for Affin to commence negotiations for a possible acquisition of equity interests in Bank Muamalat.

SPD Silicon Valley Bank which focuses on commercial services for technology start-ups opened this week in Shanghai.

Driven by growing loans and wealth management services Maybank beat expectations with a 25 percent rise in second-quarter net profit of RM1.44 billion.

Maybank expects its growth pattern to be in tandem along with the countries it operates in.