News
Pakistani banks failing to mobilise deposits
While Pakistani banks are earning profits, they failed to mobilise deposits which fell between June and November 2011 and in January 2012. There was a marginal rise in December.
Pakistani banks failing to mobilise deposits
While Pakistani banks are earning profits, they failed to mobilise deposits which fell between June and November 2011 and in January 2012. There was a marginal rise in December.
Indonesian bank to open Saudi branch
Bank Negara Indonesia will open a branch in Saudi Arabia this year.
HSBC to increase Mainland branches by over sevenfold
Mainland Chinese will soon be seeing much more of HSBC.
Danamon`s profit up 16% in 2011
Bank Danamon increased its consolidated profit by 16% to Rp3.34 trillion in 2011from Rp2.88 trillion in 2010.
SMFG leads Japan’s second wave of global M&As
The strong yen, a bane for Japanese exporters, is proving a gold mine for Japanese banks intent on mergers and acquisitions aboard, especially in Europe.
ICBC Beijing posts over 60% growth in small business loans in 2011
ICBC Beijing branch's total outstanding small business loans grew more than 60% to nearly RMB 15 billion by end-2011.
AMMB enjoys 19th month of consecutive profit growth
AMMB's 9-month pre-tax profit until Dec 31, 2011 surged to RM1.598 billion from RM1.439 billion it posted for the same period last year.
Bank of Taiwan to open Shanghai branch
It’s another advance for cross-strait banking.
Malaysian intitutions alerted against US FATCA
Malaysian financial institutions were asked to make an impact assessment on the proposed FATCA regulations.
HSBC opens 58th Malaysian branch--the first in Sabah-Sarawak
HSBC opened its first branch in the Sabah-Sarawak area at Inanam, expanding the total Malaysian branch network to 58 location.
Vietnam to receive more U.S. Ex-Im Bank investments
Vietnam has been selected by the Export-Import Bank of the United States (Ex-Im Bank) as one of nine key emerging markets that will boost American exports and support job creation.
Indonesia to standardize commercial bank interest rates
Unable to lower commercial bank interest rates, Indonesia's central bank decided to nominate the rates beginning the close of the first quarter.
Singapore banks want exemption from US FATCA rules
Banks in Singapore are lobbying against the US' Foreign Account Tax Compliance Act or Fatca.
Big NZ banks experience soaring profits
Earnings of ANZ, ASB, BNZ, Westpac and Kiwibank for the last six months of 2011 rose by 25 percent to $2.8 billion.
HSBC elated with progress in Malaysia
HSBC is pleased with the progress of its Malaysian operations, which has been growing in the last two years.
Malaysia's Bank Islam still enamored with Indonesian market
Bank Islam Malaysia Bhd still has its eyes set on expanding in Indonesia.
Japan bank lending up for 4th straight month
Aided by steady demand for business funds in areas hit by the massive March earthquake, Japanese bank lending grew 0.7 percent in January from a year earlier to 396.73 trillion yen
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