News

The Indian government is on the process of assessing the lender’s capital requirement if it should have a Tier I capital adequacy ratio of 9-9.5%.

The lender is also interested to buy stakes in life as well as non-life firms.

Move aims to comply with regulatory requirements based on Basel III agreement.

The lender’s chairman is driven to choose the subcontinent above any other country.

Local Taiwanese banks follow HSBC’s move to fund expansion of lending business.

The group said the selected president to be approved by the board in mid-March.

The lender aims to expand operations in the region by reaching out to clients through its sales force as it is constrained to set up branches.

The lender seeks to merge them with Samhwa to nurture a consolidated savings bank with an asset size of up to US$2.7bn.

CIMB Thai Bank PCL has disclosed the unaudited operating results for the year ended 31 December 2010 showed a consolidated net profit of US$27.26 million.

Name your best banking and finance institutions in The Asian Banking and Finance Retail Banking Awards 2011.

Thanachart Bank has completed the purchase of shares of Siam City Bank.

5,000 new client accounts added and the number of relationship managers up 15% to 450 in the same year.

Hor Kwok Wai, James Chong Wai Choy, and Ramon Albert Chelvarajasingam hired from different companies.

The bank will set eyes on product diversity and convergence with telecom sector.

Most commercial banks in Vietnam have set high profit targets for 2011 amid uncertainties of the economy and unpredictable macro-policies.

The lender’s aggressive moves in its diversified nature of its business propelled growth in India.