Trade Finance
BNI posts $19B worth of trade finance transactions in 2011
Bank Negara Indonesia posted trade finance transactions worth US$19.83 billion in 2011, up 72 percent from a year earlier.
BNI posts $19B worth of trade finance transactions in 2011
Bank Negara Indonesia posted trade finance transactions worth US$19.83 billion in 2011, up 72 percent from a year earlier.
Bank Rakyat posts record $660M profit, declares record dividend
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.
Gulf States a gold mine for China’s top bank
The Industrial and Commercial Bank of China's assets and lending double, thanks to the booming demand for trade financing.
Vietinbank prepares to issue overseas bonds
Vietinbank is preparing to issue overseas bonds by conducting a series of road shows in major foreign markets.
VietinBank to set up credit risk management system
VietinBank will set up a system to manage credit risks at the bank in accordance with Basel II standards.
Sri Lanka's Sampath Bank gets $62.5M syndicate loan from India
Sampath Bank will infuse capital to support the fund base by securing a US $ 62.5 million syndicate loan from India's Bank Mascat.
CIMB Islamic to launch pawnbroking in Malaysia
Following its success in Indonesia, the Ar-Rahnu Islamic pawnbroking business will be launched by CIMB Islamic Bank in Malaysia.
Philippine banks advised to comply with FATCA
Banks in the Philippines were encouraged to participate in the Foreign Account Tax Compliance Act to prepare them for the global banking environment...
ANZ develops strategy for Vietnamese business
ANZ Banking Group has developed a new strategy to boost investment and trade cooperation between foreign companies and their Vietnamese counterparts...
Dai-ichi Vietnam, Sacombank in strategic partnership
Dai-ichi Vietnam can now sell its life insurance products through the Sacombank's network.
Korea Eximbank to provide record $63B trade financing in 2011
Korean exporters will get a record 70 trillion won or US$63 billion support via loans and assurances form Korea Eximbank this year.
IFC raises trade finance limit in LienVietPostBank
The International Finance Corporation raised the trade finance limit in Lien Viet Post Commercial Bank from US$5 million to $20 million.
Indonesian govt to oversee micro financial institutions
The Indonesian government has welcomed the bill stipulating that it any activity to collect public fund should be under government's supervision.
PNB awaits India regulator’s approval on Metlife deal
The lender invokes right to secrecy on its details and strategy on the deal.
Kotak Mahindra Bank's Q3 net profit up 47%
Kotak Mahindra Bank posted a 46.96% increase in net profit with Rs 276 crore for the quarter ended December 31, 2011.
Indonesia bolsters safeguards vs money laundering
Indonesia has required dealers of vehicles, real estate, and precious metals to report single day transactions totalling 500 million rupiah and above...
CBA keen on issuing $30bn covered bonds
Study says Australian banks have the capacity to borrow up to A$130 billion in covered bonds over the coming years.
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Banks should boost their online infrastructure as digital assets become the norm.
Banks should boost their online infrastructure as digital assets become the norm.
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