China
ABC boosts SME financing
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.
ABC boosts SME financing
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.
ABC launches English online banking service
To enrich and improve its services, Agricultural Bank of China launched its the English-version corporate online banking service.
ICBC Bill Department optimizes business portfolio
The ICBC Bill Department registered a transaction turnover of more than US$132.5 billion and US$158 million in profit.
60% of consumers in Asia Pacific paid bills online last year:Visa
97% of those said they would continue to pay bills online over the next six months.
Hua Xia Bank reports 59% surge in net profit
Hua Xia Bank's net profits in 2010 hit US$907.6 million, representing an increase of 59 percent from the previous year.
Shanghai Bank selects Tata's banking solution
Shanghai Rural Commercial Bank tapped Tata Consulting Services' core banking solution, Bancs.
China Minsheng Bank releases $1.52bn subordinated bonds
$914.28mn of the bonds to mature in 10 years while $609.52mn in 15 years.
BOC cross-border RMB settlement exceeds $24B
BOC's domestic branches' transaction volume exceeded RMB 160 billion or US$24 billion in 2010. This is an increase of over 100 times than that of 2009. It continued to maintain the market-leading position.
BEA China culminates $304.5mn bond sale
The bank to use the proceeds to optimize its capital and liability structure and improve the management of liquidity risks.
China approves 8 foreign banks to join its interbank bond market
The lenders are now allowed investment of their renminbi holdings in government and corporate debt in China's interbank bond market.
ABC to intensify support for government-subsidized housing
ABC will keep close watch on relevant policies to intensify its efforts in supporting the construction of government-subsidized housing, while shift its priority to quality projects. It will focus on the projects developed by enterprises with strong economic strength and with complete legal procedures.
China banks ordered to "properly handle" mortgage loans
The China Banking Regulatory Commission ordered banks to "properly handle" problems related to housing loans and protect the rights of customers while improving risk management.
ADBC to issue 400B yuan in bonds in 2011
Agricultural Development Bank of China plans to issue 400 billion yuan, 60.6 billion U.S. dollars, in bonds in 2011.
StanChart provides link to accounts overseas
Standard Chartered Bank launched Global Link, a one-stop online banking service for high net worth clients with accounts in other countries.
ICBC anticipates growth in consumer loans
Industrial and Commercial Bank of China expects significant growth in its personal consumer loan business over the next five years.
Taiwan's Fubon wants rural bank business in China
Fubon Financial is considering opening rural banks in China in an effort to tap the mainland's fast-growing rural economy.
Bank of China plans to raise funds for capital boost
Move aims to comply with regulatory requirements based on Basel III agreement.
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Why Philippine banks, insurers embrace hyper-personalized services
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Industry experts push for the rapid progress of unified customer data as a starting point.
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