More News

Banks from Australia, NZ, Korea, Vietnam most exposed to Euro crisis: Moody's

Moody’s identified banks in Australia, New Zealand, South Korea and Vietnam as among the “most exposed” in the Asia-Pacific region to Europe debt crisis.

Banks from Australia, NZ, Korea, Vietnam most exposed to Euro crisis: Moody's

Moody’s identified banks in Australia, New Zealand, South Korea and Vietnam as among the “most exposed” in the Asia-Pacific region to Europe debt crisis.

GRGBanking presents cash recycler in Europe

The Multi-Function Cash Recycler H68NL works with Palm Vein Biometric Solution and Video Analyzer Tool.

Landbank posts $211M net income in 2011

The Land Bank of the Philippines posted a record high net income of P9 billion or US$211 million in 2011

Indian banks asked to refrain from overvaluing houses on home loans

The Reserve Bank of India ordered all commercial banks to refrain from overvaluing houses while providing loans.

Pakistani banks to write off loans of rice millers, traders

The government of Pakistan will pick up 50 percent of the outstanding loans including mark-up of rice millers/traders.

Indian banks face unfazed by 2G cancellations

Indian banks should be able to absorb loan-losses stemming from the cancellation of second-generation mobile licenses without materially impairing credit quality.

Andhra Bank net down 8% to $61.7M

Andhra Bank witnessed a decline of 8.45 per cent in its net profit at US$61.7 million for the third quarter ended December 31, 2011.

Corporation Bank's profit rises 5.2% at $81.9M

Corporation Bank posted a marginal 5.2 per cent increase in its net profit at US$81.9 million for the third quarter ended December.

China to make Shanghai global RMB center by 2015

China plans to make Shanghai a global center for innovation, transaction, pricing and clearing of RMB-denominated financial products by 2015.

Bank Sinarmas to expand through rights issue, foreign investments

Bank Sinarmas hopes to expand operations by offering rights issue of shares in the second quarterand  by tapping foreign in vestments.

China Ex-Im Bank lends $41M for Bahamas projects

China's state-owned Export-Import Bank will will provide a $41 million loan for the bridge and port in the Bahamas.

Good 2011 profits push Public Bank shares up

Public Bank Bhd are up by two sen to RM13.54 after posting profits last year that satsfied market expectations.

Thailand targets Australian banking investments

Thailand's commerce minister Kittiratt Na-Ranong urged Australian banks to buy stakes in, or enter local partnerships with, established banks in the country.

Vietinbank to lend US$100M for mining

Vietinbank signed a US$100 million loan for the Nhan Co Alumina mining project in the central highland province of Dak Nong.

IFC raises trade finance limit in LienVietPostBank

The International Finance Corporation raised the trade finance limit in Lien Viet Post Commercial Bank from US$5 million to $20 million.

IOB plans recovery of $302.8M from loan accounts

Indian Overseas Bank is hoping to recover around US$302.8M this fiscal to reduce its non-performing assets, said a top bank official Saturday.

Banking and finance pay highest salaries in Vietnam

Vietnam's Ministry of Labour, Invalid and Social Affairs has announced that labourers’ average salary reached US$182.54 per month in 2011.