News

Bank Indonesia to regulate lending among banks

The country's central bank wants to discourage stockpiling of high-interest notes by enforcing standard repurchasing agreement.

Bank Indonesia to regulate lending among banks

The country's central bank wants to discourage stockpiling of high-interest notes by enforcing standard repurchasing agreement.

Siam City Bank eyes for better NPL deal

SCIB decides to suspend shedding off $271.7 million of non-performing loans due to low bids.

Maybank disinterested in Siam City Bank stake

Maybank emphasized in an official statement that it will not make any bid for a stake in Siam City Bank.

HSBC to close Royal Bank of Scotland deal

Regulators' nods are the only impediment to HSBC's buying of RBS Asia units.

Affin confident loans will increase by 10%

Sustained rise in demand for loans spurs optimism on reaching targeted 8 to 10 percent increase.

Australian competition regulator eyes halt on bank mergers

ACCC will likely turn down mergers of Big Four with smaller banks amid global financial crisis.

ANZ acquires RBS in Vietnam

RBS Vietnam became the second of six markets to transition to ANZ ownership after the acquisition of RBS Philippines.

India’s finance minister: Government to sponsor banks merger

Indian government ensures its support provided that public sector banks would meet regulators' guidelines.

More growth in Indonesian Islamic banks seen

More than 80 percent expected growth would depend on effectiveness of regulations like eliminating double taxation.

Taiwanese lawmakers reject state-bank merger bid

Finance committee doubts Bank of Taiwan and Land Bank union will create synergy.

Singapore banking system sound despite economic volatility—Moody’s

The Aaa-rated government is capable of supporting its lenders to become drivers for economic growth.

OCBC Bank Malaysia expects surge in SME loans

Malaysia's biggest foreign-owned lender attributes 30 percent year-on-year growth on new SME loan method.

ICICI to obtain Singapore’s nod for full operation

ICICI eyes to operate in Singapore after getting clearance to operate in Britain and Canada. 

‘Competitive pressure’ on Australia’s Big Four banks ensured

Australian government set measures to intensify competition among its biggest banks to cut banking charges.

S&P affirms Dah Sing's profitability rating

Standard & Poor's affirmed its 'BBB+' long-term and 'A-2' short-term counterparty credit ratings on Dah Sing Bank. The outlook on the long-term rating is negative. S&P also affirmed the issue ratings on the issues under DSB's medium-term note program. All the ratings were removed from CreditWatch, where they had been placed with negative implications on 24 July 2009. At the same time, it affirmed the 'C+' bank fundamental strength rating on DSB.

Reserve Bank of India loosens bad debt provision

Regulator gave in to bankers' appeal for easier dispensation that reduces pressure on banks.

Bank Negara Indonesia's net soars by 123%

Surge in profit was due to 15 percent growth in loans and 24 percent surge in fee-based income.