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Loans to SMEs and forex gains fuel profit increase in 2012.

Japan's top financial services and leasing company is paying US$3 billion for the Dutch asset manager.

The IIFL group is making a pitch for letting brokerages undertake banking business.

HSBC has been directed by a consumer forum to pay Rs 25,000 as compensation to a former credit card holder.

Bank Tabungan Pensiunan Nasional hopes to raise Rp 750 billion ($77.5 million) from selling bonds. The Jakarta-based lender will offer the notes to investors from Feb. 26 through Feb. 28, the company said in a brief prospectus published in Bisnis Indonesia on Friday. 

Bank Jabar launched four new branch offices in Jakarta, and will soon be opening five offices in other cities.

South Korea suspended the operations of two more savings banks.

 

Lakshmi Vilas Bank posted a 10.4 percent jump in net profits for the third quarter ending December 31, 2012.

Philippines’ first mobile-based savings bank takes two partners in expansion move.

Permata Bank Syariah will launch a umrah financing in the first quarter.

Bank loans to South Korea's self-employed reached 173.5 trillion won at the end of 2012.

Former Shinhan chairman Ra Eung-chan is under investigation for his alleged embezzlement into a slush fund.

Taiwan Financial aims to accelerate its Asia-Pacific expansion and increase profit from overseas operations.

An increase in employment and consumer prices increased South Korea's credit card.

The $500m MOU will allow for cooperation on financing projects between India and US.