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Westpac first half profit up 7% to $3.43bn

Westpac first half profit up 7% to $3.43bn

Decrease in debts and boost in lending to position the lender in delivering solid results until the second half.

BPI first quarter profit up 4.5% to $65mn

Despite relatively low interest rate environment, the lender was able to surpass last year’s $62.67mn profit.

ANZ Bank half year profit up 38% to $2.9bn

The result failed to beat analysts’ forecasts despite Australia’s resilience amid global economic downturn.

GRG to install Palm Vein authentication technology to Ziraat Bank

Palm Vein readers will be installed in all recycling ATMs supplied to Ziraat Bank.

ICBC chip cards surpass 11 million

ICBC chip cards have surpassed 11 million as of the end of March this year.

ICICI Bank first quarter profit up 44% to $326mn

Despite rising interest rates in India, the bank’s 2011 credit growth is estimated to be 20%.

DBS first quarter profit up 52% to $655mn

Despite economic uncertainties, the bank believes that its efforts to strengthen its Asian operation will continue to bear fruit.

Bank Mandiri first quarter profit up 89% to $444.45mn

Analysts estimate the bank’s 2011 profit to rise 28% to $1.38bn following gain from the stake sale in Garuda Indonesia's IPO.

Maybank’s Indonesian unit first quarter loans up 41%

Corporate loans posted the highest growth of 48% while consumer and SME and commercial lending soared by 39% and 38%.

LienVietBank's new branch offers credit for agriculture

LienVietBank, has opened a branch in Vung Tau City and is offering a credit line of VND300 billion to develop agriculture and rural areas in the province and neighboring provinces.

Bank Rakyat Indonesia first quarter profit up 52% to $378mn

Strong growth loan has prompted analysts to estimate the bank’s 2011 profit to surge 13% to $1.51bn.

China Minsheng Bank first quarter profit up 45.5%

The lender’s revenue up 37% to $2.64bn while its net interest income soars 32.8% to $2.06bn.

Vietnam first in Asia Pacific for HSBC's receivables management solution

Vietnam is the first Asia Pacific market in which HSBC has launched the Integrated Receivables Solution service consisting of VirtualAccount, consolidated collection reporting and receivables advising.

Bank Negara to establish Beijing office

Bank Negara Malaysia will put up a representative office in Beijing, China.

TrustSphere named as a "Gartner Cool Vendor" for 2011

Gartner identified TrustSphere as one of the few highly innovative technology providers working on the mission-critical issue of protecting enterprisers' and end users' sensitive data.

Techcombank aims for 46% 2011 growth rate

Techcombank is aiming for a 4 trillion dong profit in 2011, a year-on-year increase of 46 per cent.

TienPhongBank's anticipates pre-tax profit of VD460B

TienPhongBank has approved the 2011 business plan with expected pre-tax profit of 460 billion dong, increasing by 117 percent against the previous year.