Retail Banking
Taiwanese banks in the mainland post profits
Taiwanese banks in the mainland post profits
Mainland branches of six Taiwanese banks gained profits of 30.47 million yuan or US$4.84 million, said Liu Mingkang, chairman of the China Banking...
China Everbright profit up 40.65% for first 3 quarters
China Everbright Bank's profit jumped 40.65 percent year on year to 14.15 billion yuan or 2.23 billion U.S. dollars for the first three quarters of...
RHB Bank beefs up Singapore operations with SG$350M capital fund
RHB Bank added SGD350 million to its capital fund for its Singapore operations, which contributes more than 90 per cent to its international profits...
MAS reprimands OCBC for its failed online and branch banking systems
OCBC’s busted as MAS found out that the bank did not implement sufficient measures to address single point of failure in its system and network...
China Construction Bank profit up 16% to $7.3bn
The figure fell short of analysts’ $ 7.72bn forecast.
China Merchants Bank nine month profit up 38% to $4.5bn
Earnings per share stood at 1.32 yuan In the same period.
Bank Central Asia and Pos join forces
The MOU paves way to provide banking services particularly to people living in remote areas not yet covered by BCA.
PSBank to raise $117.31mn for acquisitions
The move will strengthen the lender’s capital base.
DBS starts offering US dollar-based high-yield time deposit account
The product, minimum value of US$20,000, offers a one-year rate of 1.88%.
Bank of Communications third quarter profit up 31% to $1.9bn
Profit met the 11.9 billion-yuan median analysts’ estimate.
KB Financial third quarter profit soared six-fold to $519.2mn
Yet the results still fell short of analysts’ expectation.
Military Bank’s bad debts at 1.65%
Military Bank reported a bad debt ratio of 1.65% till the end of Q3.
First Commercial Bank and China Construction Bank strike deal
The Taiwanese lender has already opened a branch in Shanghai and a financial leasing company in Suzhou.
Bank of China third quarter profit up 9% to $4.7bn
Yet profit is below expected $4.91bn while AgBank’s $5.36bn profit is above the expected $5.33bn.
Metrobank and Wells Fargo strike deal
The Filipino lender targets to provide Filipinos in the US the cheapest remittance service.
Bank of Baroda to get $158.6mn from Indian government
The lender to receive the amount by way of preferential issue of equity shares/ warrants.
China’s big banks to report record profits as bad-debt ratios shrank
Industrial & Commercial Bank of China’s net income surged 28% to 54.4 billion yuan.
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