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Banks lead record Philippine Stock Exchange surge

03 Feb 12 | A strong rally yesterday led by banks pushed the Philippine Stock Exchange Index to a record 4822.08 points, up by  2.3%. Read ››

Japan’s second largest lender posts jaw dropping loss

INVESTMENT BANKING | Mizuho Financial Group took an 80% drop in profit during 4Q11 on a tax asset write-down and weaker stock markets. Read ››

Agribank begins massive restructuring

Vietnam’s largest bank is about to shed non-essential operations as it moves towards becoming a completely commercial bank. Read ››

Agribank to restructure, revert focus to agri, rural devt

Vietnam may approve the plan to restructure Agribank this February, wherein it reverts its focus to agriculture and rural development. Read ››

Bankers probe for more efficient custody & clearing platforms

EXCLUSIVE | Find out what HSBC’s Ian Banks and Standard Chartered’s Giles Elliot have to say about the challenge of having a system that embeds sufficient functionality in multi market implementations. Read ››

The Philippines’ 2nd largest bank is expanding

Adding 50 more branches will bring the branch network of Metropolitan Bank and Trust Company (Metrobank) to over 800, the largest in the Philippines. Read ››

Malaysian banking system posts solid numbers

Malaysian banking system posts solid numbers

Malaysia’s banking system capitalisation remained strong with the risk-weighted capital ratio and core capital ratio at 14.9% and 12.9%. Read ››

MORE NEWS »

China to make Shanghai global RMB center by 2015

China plans to make Shanghai a global center for innovation, transaction, pricing and clearing of RMB-denominated financial products by 2015. Read ››

Bank Sinarmas to expand through rights issue, foreign investments

Bank Sinarmas hopes to expand operations by offering rights issue of shares in the second quarterand  by tapping foreign in vestments. Read ››

China Ex-Im Bank lends $41M for Bahamas projects

China's state-owned Export-Import Bank will will provide a $41 million loan for the bridge and port in the Bahamas. Read ››

Good 2011 profits push Public Bank shares up

Public Bank Bhd are up by two sen to RM13.54 after posting profits last year that satsfied market expectations. Read ››

Thailand targets Australian banking investments

Thailand's commerce minister Kittiratt Na-Ranong urged Australian banks to buy stakes in, or enter local partnerships with, established banks in the country. Read ››

PEOPLE »

Azrulnizam appointed Al Rajhi Bank Malaysia CEO

Azrulnizam Abdul Aziz has been appointed CEO of Al Rajhi Bank (Malaysia). Read ››

New directors appointed for CIMB Bank, CIMB Islamic

CIMB Group announced the appointment of new directors at CIMB Bank and CIMB Islamic Bank. Read ››

Malaysian to lead Indonesian bank CIMB Niaga

CIMB Niaga, Indonesia's fifth-largest bank, has named Sri Nazir Razak to replace retiring president commissioner Mohd. Read ››

AgBank and CCB appoint chairmen

Reshuffle in China’s financial leadership brought about appointment of Jiang Chaoliang as Agbank chair and Wang Hongzhang as CCB chairman. Read ››

International trade finance to boom in Asia in 5 years

International trade finance to boom in Asia in 5 years

Banks will have to intensify their transaction banking platforms as Asian businesses do more cross-border trade, says HSBC's Noel Quinn.

by ROXANNE UY
Asian banks brace for a tenfold surge in regional trade flows

Asian banks brace for a tenfold surge in regional trade flows

HSBC's Noel Quinn says lacklustre trade between Asia and partners in Europe and US may cause capital flows in Asia to increase ten fold - but by when?

by ROXANNE UY
How will the EU crisis affect Asian banks in 2012?

How will the EU crisis affect Asian banks in 2012?

Macquarie Securities' Ismael Pili and HSBC’s Noel Quinn reveal their outlook for the Asian market in 2012.

by ROXANNE UY
BUSINESS SCENE PHOTO GALLERY
Membership Agreement With Bancnet
Membership Agreement With Bancnet
01 December 2011 at Equitable Tower, Paseo de Roxas, Makati City, Philippines
ABF Retail Banking Awards 2011ABF Retail Banking Awards 2011
20 July 2011, Shangri-La Hotel Singapore
 
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