News
ICBC posts 33% growth in credit cards issued
ICBC posts 33% growth in credit cards issued
ICBC card spending grew 76% in 2009 that made it world's fourth largest credit card issuer.
CIMB 2009 net surges to $822.2mln
Increasing input from overseas business and improved capital market operations helped boost record-high profit to $235.8mln.
Banks need to bundle and price right for profit
Having just come back from meeting with banks in Asia, the case for dynamic charging as a driver of customer profitability is clear.
China Merchants eyes raising $3.22bln via rights issue
Rights issue with 1.3-for-10 ratio for Shanghai and Hong Kong aimed to bolster balance sheet.
India facilitates selection of public sector bank chiefs
Retirement of 10 PSB chiefs forced government to appoint one month ahead of schedule.
Bank of Singapore targets doubling assets to US$46bln
OCBC's private banking arm capitalises parent company’s strong base in Southeast Asia to achieve its goal.
National Australia Bank's bid for RBS stakes endangered
Plan of buying $3.1bln assets could be stalled as Britain's Labour government favors Northern Rock.
Approval of ICBC's $530mln bid for ACL likely
China lender targets owning 51% of ACL shares as it strives to gain foothold in Thailand.
China defends 2 banks downgraded by Fitch
Regulator insisted banks are sound despite admitting that country’s excessive lending exposed them to credit risk.
Bank Rakyat Indonesia mulls acquiring Bank Agroniaga’s stake
Bank Rakyat is eyeing more than 50% stake 3 years after its last acquisition.
Bank Rakyat Malaysia eyes $500.4mln net in 2010
But the target couldn't be met if Bank Negara decides to increase OPR by .5%.
National Australia Bank’s Q1 net flat at US$986mln
Subdued credit growth and fierce competition caused NAB to lag behind rivals.
Woori's various merger scenarios with other banks surface
Regulator announced possible union between Woori and KB Financial as South Korea targets global financial competitiveness.
ANZ gearing up for home loans market
Retail banking chief's "selectively easing" qualifications have already made impact on US$1.08 trillion home loan industry.
OCBC 2009 profit up 12% on non-interest income surge
37% growth in non-interest income together with lower cost-to-income ratio helped lender earn S$1,962mln.
Bank of Communications plans raising $3.7bln
Funds to support balance sheet could reach up to $5.85 billion as amount is not yet finalised.
Bank of East Asia posts $330.9mln 2009 profit
Profit surge from US$5mln in 2008 is attributed to earnings in securities trading.
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