News

Commonwealth Bank cuts 3-year fixed rate home loans to 4.89% per annum

Some of its fixed home loan rates are at 20 year lows.

Commonwealth Bank cuts 3-year fixed rate home loans to 4.89% per annum

Some of its fixed home loan rates are at 20 year lows.

China, Africa using more RMB for direct trade settlements

Bank of China says more direct RMB settlements needed.

SBV issues plan to restructure commercial banks

Nine weak commercial banks are targets.

Major senior management reshuffle at MAS

Shake-up aimed at strengthening the central bank’s leadership.

South Korea maintains policy rate at 2.5%

Has major concerns about major downside economic risks.

Islamic banking conference to be held in Dhaka

Conference sponsored by Malaysia and Bangladesh.

Philippines’ China Bank posts H1 profit of US$68 million

Up 46% year-on-year on better core operations.

11 new Executive Directors for Indian public sector banks

Ministry of Finance issues order for promotions.

Vietnamese central bank to hold stakes in weak banks

State Bank of Vietnam will then restructure banks.

Analyst worried over UOB's property exposure

Housing loans account for 28% of UOB’s portfolio.

SBI fined US$9,000 for violating currency chest norms

Second penalty in two months for State Bank of India.

Philippines’ Banco de Oro in alliance with seven Japanese banks

To support Japanese SMEs investing in the Philippines.