News

CDB makes record loan for poverty relief

China Development Bank has agreed to provide a record US$160 million.

CDB makes record loan for poverty relief

China Development Bank has agreed to provide a record US$160 million.

India's Reliance Capital gears up for banking business

Reliance Capital, the financial services arm of Anil Ambani-led Reliance Group, announced its full preparedness to foray into the banking business.

RHB Bank eyes 15% credit card market share

RHB Bank hopes to boost its share of the credit card market from 6 percent to 15 percent by 2017.

Vietnam proposes trillion dollar solutions for bad debts

Vietnam is seriously considering setting-up an asset management company capitalized at US$4.8 trillion.

Myanmar opens door to foreign credit cards

Myanmar has granted permission to Visa, MasterCard, China UnionPay and Japan Credit Bureau to do business in the country.

Indian Bank net profit up 6% at $92.4M

Indian Bank posted a net profit of Rs 496.68 crore or US$92.4 million for the second quarter ended September.

CIMB Thai net profit up 66%

CIMB Thai recorded a 66 percent increase in net profit with 1.4 billion baht for the nine months of this year.

Indonesia's lending policy hampers CIMB Niaga's housing loans

CIMB Niaga acknowledges a significant decrease in housing loans due to Bank Indonesia's new loan-to-value policy.

Danamon, BTN post growth, buck new Indonesian loan rules

Bank Danamon and Bank Tabungan Negara posted huge business growth, despite new loan-to-value regulations affecting vehicle and housing credits.

Malaysia's CIMB launches money transfer service to 5 Asian countries

CIMB launched its international money transfer service, SpeedSend, to Myanmar, Vietnam, India, Bangladesh and Nepal.

Raiffeisen Bank International now in Hong Kong

Austria’s third largest bank can now do business in Hong Kong.

India's ICICI Bank to collaborate with African bank

India's ICICI Bank and Togo's Ecobank will collaborate to extend banking services across their combined footprint in India and Africa.

Bangkok Bank to expand in Myanmar

Bangkok Bank plans to increase its bank partnerships in Myanmar from four, in line with higher investing demand from Thai customers.

Four Thai banks report strong Q3 earnings

Four of Thailand's banks reported robust profits for the third quarter.

New Beijing branch strategic and timely for Maybank

Maybank President and CEO, Datuk Seri Abdul Wahid Omar, describes the opening of its Beijing branch as strategic and timely.

RHB Bank sees 1.5 million internet, mobile customers by 2013

RHB Bank Bhd expects to almost double its internet and mobile banking customers to 1.5 million by next year.

CIMB hopes to double debit cards market share next year

CIMB Bank expects to raise its market share for debit cards from the current 5.7 percent to 10 percent next year.