News
China Everbright profit up 40.65% for first 3 quarters
China Everbright Bank's profit jumped 40.65 percent year on year to 14.15 billion yuan or 2.23 billion U.S. dollars for the first three quarters of the year. The bank attributed the profit growth to an increase in net interest income, which rose 30.68 percent year on year to 28.98 billion yuan in the nine-month period, according to its regulatory filing at the Shanghai Exchange, reports Xinhua.
China Everbright profit up 40.65% for first 3 quarters
China Everbright Bank's profit jumped 40.65 percent year on year to 14.15 billion yuan or 2.23 billion U.S. dollars for the first three quarters of the year. The bank attributed the profit growth to an increase in net interest income, which rose 30.68 percent year on year to 28.98 billion yuan in the nine-month period, according to its regulatory filing at the Shanghai Exchange, reports Xinhua.
RHB Bank beefs up Singapore operations with SG$350M capital fund
RHB Bank added SGD350 million to its capital fund for its Singapore operations, which contributes more than 90 per cent to its international profits and is its largest contributing overseas unit.
Loan delinquency among South Korean banks down in September
Loan delinquency among South Korean banks is lesser in September due to a reduction in new delinquent loans and massive resolution of existing overdue loans.
MAS reprimands OCBC for its failed online and branch banking systems
OCBC’s busted as MAS found out that the bank did not implement sufficient measures to address single point of failure in its system and network infrastructure.
India's non banking financial firms asked to phase out use of cheques
As part of its green initiative, the Reserve Bank today asked all non-banking financial companies (NBFCs) to gradually phase out use ofcheques and shift to electronic payment system.
MAS lifts penalty on DBS bank for online disruption
The penalty imposed on DBS Bankby the Monetary Authority of Singapore for the disruption to its online and banking systems in July has now been lifted.
Bank Central Asia and Pos join forces
The MOU paves way to provide banking services particularly to people living in remote areas not yet covered by BCA.
PSBank to raise $117.31mn for acquisitions
The move will strengthen the lender’s capital base.
DBS starts offering US dollar-based high-yield time deposit account
The product, minimum value of US$20,000, offers a one-year rate of 1.88%.
OCBC and Lion Global ink deal to launch new unit trust
The trust intends to provide positive returns and has an investment time frame of five years.
SME Bank approves 62% more loans
SME Bank approved loans totalling RM1.3 billion in September this year, said managing director Datuk Mohd Radzif Mohd Yunus.
Military Bank’s bad debts at 1.65%
Military Bank reported a bad debt ratio of 1.65% till the end of Q3.
First Commercial Bank and China Construction Bank strike deal
The Taiwanese lender has already opened a branch in Shanghai and a financial leasing company in Suzhou.
Bank Of East Asia Taiwan inaugurates CNY services
Financial Supervisory Commission of Taiwan granted approval of operations.
Scotiabank on its way in Asia expansion
The bank’s meager exposures in international areas gave is among its areas of strength.
Taiwan’s government-linked banks to expand domestic banking operations
The move to prepare Taiwan lenders to weather possible economic downturn due to US and Europe crises.
Bank of China third quarter profit up 9% to $4.7bn
Yet profit is below expected $4.91bn while AgBank’s $5.36bn profit is above the expected $5.33bn.
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