In Focus
BOC cuts business ties with North Korean bank
Foreign Trade Bank accused of funding North Korea’s missile and nuclear programs.
BOC cuts business ties with North Korean bank
Foreign Trade Bank accused of funding North Korea’s missile and nuclear programs.
ICBC Thai focusing on retail market
Wants retail to account for 50% of total income by 2016.
Bad loans up, asset quality down for big Chinese banks
Fourteen of 16 banks report rise in bad loans.
Westpac reports record first-half profit
First half profit to March 31 hits $3.3 billion.
Indian banks’ retail credit rises 14.5%
Economic slowdown forces banks to push retail loans.
Weak deposit growth hammers China’s banks
Loans exceed deposits at a faster pace.
India to deposit government cash in commercial banks
Move will add liquidity and make it easier for banks to cut lending rates.
Yudhoyono calls for quick end to Bank Danamon takeover
Move suggests possible political intervention in the high-profile takeover.
Chinese bank NPLs up 20.7% to US$84.83b in 1Q13
It's US$5.4 billion more than 2012.
CBRC orders banks to provide more detail on interbank deals
Unregulated channels may be used to pour funds into speculative real estate.
China secretly issues tougher anti-money laundering rules
Banks to rate their clients' risk of criminal conduct starting December 2015.
Chinese banks continue amassing US dollars
Attain forex surplus for seventh straight month.
Indonesia's 4 large banks' loan growth likely to reach 23%
Barclays says credit quality is stable.
Bank Mandiri to invest US$130 million in IT
Indonesia’s largest lender will use the investment to improve its information technology system to increase its efficiency.
Singapore to replace Switzerland as the bank for the super-rich
To become top destination for the wealth of the world's richest by 2020.
Bank Mandiri to increase corporate loans by 18%
Loans are for the infrastructure, consumer goods and plantation sectors.
Senior executive movements at China’s top banks
Changes follow the once-in-a-decade leadership transition at the Chinese communist party.