News

PermataBank Syariah reported a profit of Rp 133 billion or US$14.45 million in 2011, reports Jakarta Post.

After posting a record pre-tax profit of RM 2.02 billion or US$600.7 million, Bank Rakyat declared a record dividend of US$122.29 million.

The once pariah nation of Burma appears an attractive prospect for the Australia and New Zealand Banking Group.

South Korea's central bank will evaluate loans extended by major banks to households and firms in a bid to ensure financial stability.

Deposits of HCM City-based commercial banks are estimated to have reached 904.9 trillion dong  in March.

Banco de Oro Unibank, Inc intends to raise at least US$200 million in Tier 1 Capital this year.

Japan’s second largest bank in assets is putting its money on Indonesian infrastructure projects.

Brazil, Russia, India, China and South Africa are ready to establish a development bank for investment risk-sharing.

Moody’s Investors Service downgrades the rating of Union Bank of India, one of India's largest state-owned banks.

DongA Bank will consider merging with another lender if shareholders approve it on late March.

More corporate loans are expected In Malaysia this year and offset the expected slowdown in household loans this year.

Shanghai-based Bank of Communications intends to offer the world’s largest share sale since May 2011.

Nepal wants the rural  branches of Rastriya Banijya Bank, Agricultural Development Bank and Nepal Bank Limited that were closed during 12-year Maoist conflict to be reinstated.

Rising net interest incomes, commissions and lower operation costs pushed the earnings of Shanghai Pudong Development Bank up 42.28% year-on-year.

PT Bank DBS Indonesia posted a 74.4 percent increase in net profits to Rp 384 billion or US$41.8 milion in 2011.

HSBC dismissed a Financial Times report saying it plans to scale back or even exit certain Asian countries to concentrate on core areas.