Retail Banking
State Bank of India fourth quarter profit down 99%
State Bank of India fourth quarter profit down 99%
The huge drop resulted from tax expenses and provisions, which surged as it ended “teaser loan” program that charged borrowers below-market rates in...
Union Bank goes into mutual fund business
The lender joined forces with Belgium’s KBC Asset Management to form Union KBC Asset Management Company amidst crowded mutual fund market.
EON to distribute $593.9mn balance cash proceeds among shareholders
The group announced a dividend of $1.71 per share that constitutes the first tranche of the total cash proceeds.
CIMB not keen on RHB stake
The lender plans to engage in M&A moves outside Malaysia but within the fast-growing Southeast Asia region.
Hana, Lone Star mulls KEB deal deadline extension
A source said both parties were positive on extending what may be the largest banking deal in Korea.
Bloomberg names OCBC world’s strongest bank
Aside from OCBC, DBS and UOB also entered the list of top 20 banks, wherein Canadian banks dominate with 5 entries.
This time, Hana may target Woori for M&A
Hana picks Woori as its backup as uncertainty on the conclusion on its bid for KEB grows.
KDB sole potential buyer of Woori’s 57% stake
South Korea raises minimum stake purchase threshold to 30% as it resumes Woori’s $6bn stake sale.
HSBC needs more than 2,000 new staff in Singapore and China
The lender to add 200 employees in China yearly until 2016 and 1,000 in Singapore during the same period.
Bank of East Asia launches new iPhone app features
The lender’s iPhone app now includes stock trading, consumer loan, property loan, and One Touch Service Hotlines features.
Deutsche Bank's China JV hires CCB’s Jiang Peixing
Jiang is expected to help manage Deutsche Bank’s venture with Shanxi Securities Co.
Bank of Shanghai plans issuing $768mn subordinated bonds
Bank of Shanghai Co. said Tuesday it plans to sell up to CNY5 billion ($768 million) worth of subordinated bonds on the interbank market between May...
Metrobank first quarter profit up 21% to $71.77mn
The lender looks forward to a 12% loan growth this year as it focus on its consumer lending business.
Giving big bonuses puts Korea Exchange Bank under fire
Yet KEB said the bonuses were given as incentives for above-expected profit of $682mn, an increase of 42.3%.
Hana remains dedicated to save bid for KEB
The lender fights for KEB takeover as it zeroes in on the move to further its growth.
GRG Suitong closes cash management deal with Citibank Guangzhou
Under the agreement, Citibank Guangzhou expects to improve its ATM network management efficiency.
DBS Taiwan reports 103% rise in net profit
DBS Taiwan’s first-quarter earnings more than doubled year-on-year with record earnings of SGD 807 million or NTD 18.6 billion.
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