News

Hong Kong banks' lending to Qianhai to grow gradually in the first 3 years

They are likely to be selective in their lending decisions.

Hong Kong banks' lending to Qianhai to grow gradually in the first 3 years

They are likely to be selective in their lending decisions.

Mizuho Financial Group eyes ~US$5.8b base profit

Find out why this is 'bullish and ambitious'.

5 investment themes on Shinhan Financial Group

Earnings growth outlook is tepid for 2013.

Complexity in treasury management the 'new norm' in 2013

Guess what the 9 top priorities for Asian corporate treasurers are?

DBS earnings growth pegged to hit 6.5% in 2013

It's the highest among Singapore's banks.

Philippine bank lending still rising

Growth in January, however, is slower than December’s.

Guess which clients UOB tagged as its 'sweet spot'

They have investible assets of SGD350K-2m.

Find out what the loan growth drivers of DBS, OCBC, and UOB are

But overall net interest income is feared to slow in 2013.

This is why 2012 was an 'unusual' year for Standard Chartered

Weaker revenues but cost control compensating well.

SMBC Consumer Finance to open 4 Chinese offices

Its consumer loan unit intends to open the branches in the next three years. Sumitomo Mitsui Financial Group, Inc. wants to focus its capital on China, where it already has a presence. It already has offices in Shenyang and Shenzhen and is to open a third in Tianjin. SMBC Consumer Finance’s subsidiaries in Shenyang and Shenzhen have 13 branches in both cities. It expects the number of Chinese outlets to increase to 70 after it opens the additional offices. SMBC Consumer Finance, which was created after Sumitomo Mitsui made Promise Compabt a wholly owned subsidiary in 2012, is expanding in faster-growing foreign markets as deflation crimps borrowing in Japan. Lending outstanding in China, Hong Kong and Thailand came to US$235 million as of Dec. 31, some 3% of SMBC Consumer Finance’s total loan amount of US$8 billion. Sumitomo Mitsui Chief Executive Officer Koichi Miyata recently said that consumer finance is one of the strengths of the Tokyo-based bank, Japan’s second largest by market value.  

China's NPLs reached a whopping US$79b at the end of 2012

Asset management companies will be set up to fend off risks.

OCBC's earnings momentum to come off in 2013

Net interest income growth of around 2.5% is expected.

Singapore banks' earnings growth to be a measly 1-2% in 2013

Check out how DBS, OCBC, and UOB fared in 4Q12.

SBI plans to double UK branches

Expansion will see 20 branches by 2018.