Retail Banking
Malaysia's CIMB acquires 60% of Philippines' Bank Of Commerce
Malaysia's CIMB acquires 60% of Philippines' Bank Of Commerce
CIMB acquired 60 percent of Bank of Commerce of the Philippines for US$288 million.
Strong demand for PNB tier 2 notes
Philippine National Bank has raised US$82.8 million to finance asset growth and to allow it to maintain a strong capital base.
South Korea shuts down four savings banks
Failure to meet financial-strength standards proves fatal for four South Korean savings banks.
Sri Lanka's Union Bank pre-tax profit up 28%
Union Bank reported an operating profit on ordinary activities before tax of Rs. 158.6 million.
Suspended Korean savings banks raided over alleged irregularities
Prosecutors have raided four savings banks to investigate alleged irregularities that led to their suspension a day earlier.
Woori union opposes privitization
The labor union of Woori vowed to launch a general strike if the government continues plans to sell it to another banking group.
RHB Bank anticipates 10-12% loan growth
RHB Bank acting director, Vince Au Yoong, is confident that the loans sector will continue to grow but will see a slightly lower margin compared with...
Singaporean banks are the world’s strongest
Two Singaporean banks lead Bloomberg Markets’ second annual ranking of the world’s strongest banks.
Baroda hopes to maintain net interest margin at 3.41-3.61 %
Bank of Baroda hopes to achieve a net interest margin in the range of 3.41-3.61 percent in the current financial year.
Vijaya Bank focuses on low-cost deposit base
Vijaya Bank will focus more on increasing its low-cost deposit base as it aims a 20 percent growth in overall business.
Chinese banks gear-up for massive foreign expansion
It’s only a matter of time before China’s banks venture overseas in large numbers to support Chinese businessmen around the globe.
Woori Finance's net up 33% in Q1
Woori Finance's first-quarter net jumped 33 percent to 668.6 billion won or US$590.8 million from 502.6 billion won last year.
ANZ posts record profit on expanding China business
The Australia and New Zealand Banking Group Ltd reports a record profit of US$3 billion in its first-half ending March.
Bank Jabar enjoys 21% lending growth
Bank Jabar reported a 21 percent increase in lending in the first quarter of the year.
Will DBS get a go-ahead for its bid for Bank Danamon?
If so, what can both banks expect from the takeover?
Shadow banking in China moderates
Looks like the regulations in 2011 were successful in reducing major risks by slowing shadow banking activities.
Mitsubishi UFJ looks overseas for salvation
Japan’s biggest bank intends to generate some 40% of its profit overseas from the present 28%.
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