News

In a stingingly critical assessment of the failure of IBM systems at DBS, the Monetary Authority of Singapore has ordered DBS to "reduce its material outsourcing risks so that it does not overly rely on a single service provider," which effectively means it is ordering DBS to find another vendor.

HLBB also earned approval from the Minister of Finance to acquire subsidiaries of EON Cap.

Lender plans to hold 150 ‘loan camps’ as it focuses on semi-urban and rural areas.

Lender has raised its loans-to-deposit ratio to 58% behind 1.77% first half net interest margin.

Tie-up with ICBC and BOC expands links on currency remittance and international syndicated loans.

Lender wants to recover from losses first before it considers acquiring other banks.

Bank's performance and rebounding economy prompts lender to dominate more than 22.6% of trade finance pie.

Yet banking experts are worried that the acquisition will strain Hana’s resources.

But misses second quarter forecast behind 24% surge in operating expenses and 40% in staff costs.

Introduced single internet banking platform across Malaysia, Indonesia, Singapore and Thailand.

The bank said more than half of the margin decline was due to a shift in the securities portfolio towards higher-quality issues with lower yields.

$44mln acquisition in final stages after administrative problems have delayed acquisition plan due last year.

Lender now has $1.24bln bad loans as it slices off its second quarter $1.5bln net NPL.

Everbright Bank may face big capital shortfall in the next three years without the IPO.

Estimate 21.1% higher than 2009 as lender will give priority to retail, agriculture and MSME sectors.

Lending to unprofitable government companies and projects had saddled China’s banking with 50% non-performing loan ratio.