In Focus
Singapore banks selling non-core investments to prepare for Basel III
OCBC sold F&N and APB while DBS sold its stake in BPI.
Singapore banks selling non-core investments to prepare for Basel III
OCBC sold F&N and APB while DBS sold its stake in BPI.
China banks' loan growth on track to meet the RMB8.5tn target for 2012
Total new RMB loans reached RMB6.72tn in the first nine months of 2012.
Mountain of evidence reveals a 12% fall in UOB gains
But loan growth will thrive.
Chinese bank lending slows in September
Chinese banks loaned RMB623.2 billion in September, down 11% from RMB703.9 billion in August and below the industry estimate of RMB700 billion.
EIB to open Beijing office this year
The European Investment Bank will open a representative office in Beijing to expand its presence in China.
Philippines provides more incentives to bank mergers
The Bangko Sentral ng Pilipinas has revised its rules and allowed more incentives on banks’ mergers and consolidations.
More palm-scanning ATMs to be installed in Japan
The Japanese bank that pioneered card-free ATM transactions in Japan is expanding the service into neighboring prefectures.
India to issue more banking licenses
The Indian government has reassured the banking sector that the Banking Regulations Act will be amended to include rules liberalizing the issuance of new banking licenses.
Chinese banks unprepared to run major Euro banks: experts
Chinese banks are eager to make acquisitions abroad, but may not have the managerial capability to run major European banks.
Profit growth in China's top 10 banks slows to 16.9%
That is compared to the 34.2% profit growth in the first semester of 2011.
Hana to pilot Korean-style private banking in Jilin
Hana Bank, the banking unit of South Korea's Hana Financial Group, will introduce South Korean-style private banking in China this month.
China's banks snubbing IMF, World Bank events in Japan
China did not hesitate to use its clout in the financial sector to voice out protests over the diplomatic row with Japan concerning the Senkaku Islands.
Hong Kong banks on their own in Basel III
Hong Kong banks will have to turn to local fund-raising strategies to meet Basel III’s tougher liquidity requirements.
Islamic financing growing stronger in Malaysia
Malaysia’s Islamic banks accounted for 24.2% of Malaysia’s total banking industry assets during the first seven months of 2012.
Weak Vietnamese banks force Moody’s rate cut
Moody's Investors Service has downgraded Vietnam's credit rating on growing concerns over its weakening banks and its rapidly cooling economy.
Top Philippine banks post 19% rise in net earnings
The Philippines’ 38 universal and commercial banks reported net earnings of US$1.3 billion in the first six months despite growing turmoil in world financial markets.
Indian banks doing more consumer lending
The recent reduction in bank's reserve ratios has increased consumer financing by India's largest banks.