China

The bank aims to grow its loans by 16% in 2011 as its capital adequacy ratio is lower than that of its major rivals.

The move aimed to further boost business of China in Taiwan as economic exchanges across the Taiwan Strait are increasing daily.

Rising interest rates have helped China’s “Big Four” banks record double-digit profit surge.

Rebalancing growth

Moody's said  the outlook for China's banking system is stable over the next 12 to 18 months. It added that the country's banks have adequate cushions against rising non-performing loans.

The lender to use proceeds to increase stake in Union Trust to 56%.

They will launch a software suite which will provide a selection of standard software that is required in the Financial Self Service Area.

Net income rose 24.25 per cent to US$80.14 million, according to GRG Banking Equipment.

The lender’s falls short of the expected $4.17bn forecast and posted a $610mn impairment charge.

It is the only dedicated ATM conference in China-the world’s fastest growing ATM market.

BOC achieved profit after tax of US$16.7 billion, a year-on-year growth of 28.52 per cent.

By end of 2010, ABC's SME customers reached 63,485 and small-sized enterprises were 39,965, with an increase of 2,076 and 2,338 respectively compared with the beginning of 2010.

To enrich and improve its services, Agricultural Bank of China launched its the English-version corporate online banking service.

The ICBC Bill Department registered a transaction turnover of more than US$132.5 billion and US$158 million in profit.

97% of those said they would continue to pay bills online over the next six months.

Hua Xia Bank's net profits in 2010 hit US$907.6 million, representing an increase of 59 percent from the previous year.