Retail Banking

Bank Muamalat anticipates lower 2012 profit

Bank Muamalat anticipates lower 2012 profit

Bank Muamalat is expecting its pre-tax profit for the financial year ending March 31, 2012 to go down from the preceding year.

St. George Bank staffers await promised bonuses

St. George Bank agreed to pay seven former staff the "retention incentive bonus" promised to 118 key staff nearly four years ago.

Kumar is new Prime Bank deputy managing director

Kanti Kumar has joined Prime Bank as deputy managing director.

Merican appointed Maybank Group CFO

Mohamed Rafique Merican Mohd Wahiduddin has been appointed Maybank's Group Chief Financial Officer effective June 1.

OCB's after-tax profit remains unchanged at $15.38M

Orient Commercial Bank generated an after tax profit of VND302 billion or US$15.38 million last year, same as in 2010.

SHB and Habubank approved for merger

The State Bank of Vietnam has approved in principal the merger between Habubank and SHB.

Indonesia to hinder future foreign takeovers of local banks

Indonesian lawmakers resort to using legislative powers as they realize that blocking deals proves futile.

HSBC Viet Nam pre-tax profit up 40%

HSBC Viet Nam’s pre-tax profits grew 40 per cent last year to VND1.97 trillion or US$94 million.

Krung Thai Bank expects smaller Q1 loan growth

Krung Thai Bank lowered its mortgage loan growth projection for the first quarter of the year to US$161.3 million from US$322.68 million.

RCBC and Resona Bank forge alliance

Two of the largest banks in the Philippines and Japan have agreed to work together to leverage growth prospects in their respective countries.

Sarkar ceases to be Allahabad Bank director

Allahabad Bank has informed BSE that Shri D. Sarkar ceased to be the director of the Bank. The former Executive Director of the Bank has joined the...

Taiwanese banks' key profitability indicators

Taiwanese banks’ net interest margins are unlikely to improve in the next 2 years, says Standard & Poor's.

Mitsubishi UFJ goes for more M&As in the USA

Japan's biggest lender has not lost its appetite for massive mergers and acquisitions.

Ramamurthy to head AmBank Group

Ashok Ramamurthy has been appointed as the new AmBank Group managing director.

CIMB appoints Renzo Viegas as deputy CEO

He will also be the head of consumer banking starting 2 April 2012.

DBS inks a deal with Fullerton to acquire Bank of Danamon's major stakeholder

DBS plans to acquire remaining less than 30% listed shares from minor shareholders through amandatory tender offer of IDR7,000 per share.

ICBC records record high net profit in 2011 amid growing bad loans

ICBC's net profit for January to December period gained 26% to CNY208.27 billion or US$33 billion from CNY165.16 billion.