News
Myanmar's banking system vulnerable to rumors
Some US$10.5 million was withdrawn from Kanbawza Bank on Friday last week due to unfounded rumors.
Myanmar's banking system vulnerable to rumors
Some US$10.5 million was withdrawn from Kanbawza Bank on Friday last week due to unfounded rumors.
Philippine bank lending slows in August
Outstanding loans of Philippine commercial banks slowed to 14 percent in August from 16 percent in July.
Net income of Taiwan's Cathay Financial reaches $57.48M
Cathay Financial reported NT$1.69 billion (US$57.48 million) in net income in September, up 24.26 percent from the previous month.
ADB signs deal promoting Islamic banking in Asia
The Asian Development Bank has signed an agreement that will expedite the adoption of Islamic banking across Asia.
Malaysian banks unlikely to engage in capital raising
Unless they are trying to significantly boost capital outlay, Banks in Malaysia are unlikely to engage in capital raising activities, said banking analysts.
Maybank to expand existing businesses
Maybank placed out 412 million new shares at a price of RM8.88 and hence raising a whopping RM3.6bil in the process.
Singapore expects getting yuan-clearing bank soon
Singapore moved a step closer to getting a yuan-clearing bank after issuing full banking licences to two Chinese lenders.
Citi to launch Tablet Banking by 1Q13
This follows the success of Citi Mobile that surpassed 1m active users in September 2012.
Vietnam to get rid of banking interest groups
The governor of Vietnam’s central bank revealed that there are groups or individuals manipulating local banks.
Tycoon arrested over Bangladesh's largest bank scam
A textile tycoon has been arrested over allegations of involvement in Bangladesh's largest banking scam ever.
HDFC hikes fees to boost online banking
HDFC Bank will double to US$1.90 the fee it charges on cash payments made to settle credit card bills starting November 1.
Overcrowded market prompts Taiwanese Bank to close branches
With Taiwan's banking industry having become overcrowded, Taiwan Cooperative Financial Holding Co aims to shut at least five branches next year.
More agent banking services to be provided in Malaysia
More Mlaysian financial institutions are aggressively mapping out strategies to provide agent banking services.
CIMB Niaga’s Shariah unit ups profits
The Shariah unit of CIMB Niaga doubled its earnings in the first half as customers placed more funds, pushing upthe value of its assets.
Chinese banks pull-out of IMF and SIBOS meetings in Japan
Blame it on the souring relations between Asia's two biggest economies.
OCBC and CIMB show interest in Bank of Ayudhya
The jockeying for a share in Thailand's Bank of Ayudhya PCL now involves Singapore's largest bank and one of Malaysia's largest universal banks.
HSBC to restructure its Islamic finance business
The HSBC Group is concentrating more in Malaysia and Saudi Arabia and less in Indonesia in its Islamic finance offering to customers.
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