Retail Banking

New directors appointed for CIMB Bank, CIMB Islamic

CIMB Group announced the appointment of new directors at CIMB Bank and CIMB Islamic Bank.

Chairman denies knowledge of plans to sell Bank Muamalat

The chairman of Bank Muamalat is unaware of plans to sell his bank to finance a stake in Proton Holdings.

DaiABank triples pretax profit in 2011 with VND502B

DaiABank announced a pretax profit of VND502 billion in 2011, up 300% on year.

LienVietPostBank posts VND1.1T pretax profit, up 45%

LienVietPostBankc announced a pretax profit of VND1.1 trillion as of Dec 31, 2011, up 45% from last year.

DongA Bank's pretax profit up 46.3% in 2011 VND1.255T

DongA Bank's pretax profit increased 46.3% to VND1.255 trillion in 2011.

PG Bank posts VND608B pretax profit in 2011

PG Bank reported a pretax profit of VND608 billion in 2011.

GRGBanking clinches US$66.5m deal from Bank of China

BOC has awarded contracts to GRG Banking Equipment Co Ltd for new automated teller machines and ATM management software.

Banks anticipate weaker Chinese economy

Foreign banks and the Chinese government brace themselves for the inevitable economic slowdown.

AgBank and CCB appoint chairmen

Reshuffle in China’s financial leadership brought about appointment of Jiang Chaoliang as Agbank chair and Wang Hongzhang as CCB chairman.

KB Financial not interested in taking over Woori Financial

The group prioritises on securing the sufficient capital adequacy this year amid eurozone debt crisis.

Maybank to sell stake in Bank Internasional Indonesia

Maybank is seeking investors for 20% of BII stake as Indonesian regulator ordered to sell down its stake in BII to 80%.

Union: ANZ to downsize workforce

Hundreds of employees in danger of facing the axe as the lender trims down cost amid economic slowdown. 

Korea financial watchdog to approve Hana's KEB takeover

The Financial Supervisory Service (FSS), is currently reviewing Lone Star's eligibility as KEB's major shareholder.

Malaysia expects growth for SME banking

The government forecasts the contribution of SMEs to the gross domestic product to rise to 41% in 2020.

ANZ to cut hundreds of jobs

Australia & New Zealand Banking Group Ltd. is set to cut hundreds of jobs according to  the Finance Sector Union.

Vietnam’s central bank denies banking catastrophe

The State Bank of Vietnam, the central bank, resolutely denies the country’s banking system has fallen into a severe debt crisis.