News
Indonesia's state banks could now give credit haircuts
A court ruling allows state-owned banks to restructure or sell their non-performing loans.
Indonesia's state banks could now give credit haircuts
A court ruling allows state-owned banks to restructure or sell their non-performing loans.
Indonesia's Bank Mandiri to restructure $3.3B of bad loans
Bank Mandiri can now restructure unncollected loans of Rp 32 trillion or $3.3 billion following a court ruling that changes the status of the debts.
New Chinese loans in another sharp drop
Chinese banks could have lent only US$95 billion in new loans during September.
Indonesian sukuk posts longest rally in a year
Indonesia’s global sukuk rallied for a fourth month on speculation that a cut in government fuel subsidies will boost demand at auctions in the coming quarter.
Philippine NPL ratio down in July
The average NPL ratio of the 38 Philippine universal/commercial banks went down to 2.18% in July from 2.45% a year earlier.
Malaysia is runaway global leader in sukuk
Malaysia accounted for 68 percent of the total global sukuk outstanding and 71 percent market share of the sukuk issued as at end-July.
PNB merger with Allied Bank approved by 2 bodies
Philippine National Bank's merger with Allied Banking Corporation has been approved by the Philippine Deposit Insurance Corp. and Bangko Sentral ng Pilipinas.
StanChart to launch new liquidity capabilities by end-2012
Features include improved visibility and control of Intercompany loan limits.
Taiwan ranks 7th in RMB payments by value
With its jump from 57th place in 2011, could Taiwan be the next offshore RMB clearing centre?
India's Kotak Mahindra expects 50% growth in saving bank deposits
Kotak Mahindra Bank expects 50 percent growth on savings bank deposits on the strength of offering high rates of interests.
Philippine National Bank's first half income up 144%
Philippine National Bank’s net profit grew by 144% to P1.77 billion in the first six months fromthe same period last year.
Nomura to make Asia the center of operations
Nomura Holdings, Inc is reorganizing its global finance unit in Asia outside of Japan as part of a continuing overhaul of Japan’s biggest brokerage.
GE sells 7.6% stake at Thailand's Bank of Ayudhya
GE raised about $462 million through sales of its 7.6% stake in Thailand's Bank of Ayudhya to institutional investors for 14.65 billion baht.
Vietnam to tighten regulations on bank branch openings
The State Bank of Vietnam is now creating regulations on procedures for establishing, changing the names and/or location and ending operation of a banking branch.
Taiwan's bank home loans show big decline
New housing loans from five leading banks In Taiwan reached their lowest levels since February.
India's Corporation Bank to open 300 branches
Corporation Bank will open 300 branches mainly in states like Gujarat, Rajasthan, Bihar, Punjab, Orissa and Jharkhand.
OCBC more resilient than UOB, DBS
Thanks to its excellent asset quality and high liquidity.