News

Macao's loans to local private sector decreased by 0.3 percent month-to-month in November to US%20.57 billion.

The People’s Bank of China will suspend sales of its three-month bills ahead of the Lunar New Year holiday on Jan. 23.

HSBC Amanah Malaysia Bhd will introduce an innovative sukuk this year for retail investors to maintain HSBC's position as a leading sukuk house.

The People’s Bank of China hopes to avert mounting economic unrest with a series of measures that include more support for struggling entrepreneurs and relaxing curbs on investment and lending.

VietinBank held a conference to assess the results of business performance in 2011 and set the direction and tasks in 2012. Among the participants was State Bank of Vietnam Governor Nguyen Van Binh.

he public questioned why Eximbank invested and holds a quite large ownership ratio in Sacombank while some big shareholders of were divesting capital.

Vietcombank will target a 6.5 trillion dong of pre-tax profit in 2012.

Shanghai Pudong Development Bank's 2011 preliminary net profit rose 42.02 percent year-on-year to 27.24 billion yuan. Revenues for the Shanghai-based lender jumped 35.38 percent from one year earlier to 67.5 billion yuan. Earnings per share increased to 1.46 yuan, according a statement filed to the Shanghai Stock Exchange. The bank's preliminary net profit beat market expectations, as the United Bank of Switzerland previously estimated the lender's profit at 25.39 billion yuan. Total assets rose to 2.69 trillion yuan at the end of 2011, up 22.77 percent from the end of 2010, while the non-performing loan ratio fell 0.07 percentage points to 0.44 percent, the statement said. For the source of this story. click here.

Banking services were still absent in 1,696 remote towns and townships at the end of 2011.

The China Banking Regulatory Commission has postponed the implementation of new criteria for commercial lenders to the second half of 2012. This is in response to current economic conditions and looser monetary policies, said an official, reports Xinhua News.

Saigon Commercial Bank, the first merged bank to be formed under the State Bank of Vietnam’s plan to restructure the banking system, officially became operational.

The IMF is conducting is gauging the vulnerability of Japanese banks to a potential drop in the value of their huge holdings of Japanese government bonds.

ANZ will sell its 9.6 per cent stake in Sacombank to another Vietnamese lender, Eximbank.

Indonesia's commercial banks were told to cut interest rates on loans to less than 10 percent to fuel economic growth.

A recently passed bill will allow non-Filipinos to buy and own up to 40% of a rural bank’s authorized capital stock.

UCO Bank will open the auction for sale of Rs.3 to 4 billion non-performing assets next week.