Retail Banking
Bank of China taps Cambodian market
Bank of China taps Cambodian market
Bank of China started operating its Phnom Penh Branch, making it the first lender from China in Cambodia. It also became the Kingdom's 30th...
Bangkok Bank reports first quarter net profit of Baht 6.6 B
Bangkok Bank has recorded a consolidated net profit for the first quarter of 2011 of Baht 6.6 billion.
Krung Thai Bank net profit up 79%
Krung Thai Bank's profits in the first quarter of 2011 is up 79% to 5,489 million baht.
VietinBank intensifies team up with Italy’s largest bank
VietinBank signed a deal for increased cooperation with UniCredit S.p.A., the biggest bank in Italy.
Vietcombank joins Italian group in supporting corporate clients
Italian banking group Intesa Sanpaolo and Vietcombank have signed a mutual agreement aimed at supporting corporate clients in developing...
Hong Leong-EON merger produces Malaysia's fourth largest
Hong Leong Bank Bhd has acquired EON Capital Bhd's assets and liabilities for RM5.06 billion.
Cathay Bank's Chu Lai branch to raise chartered capital
Cathay United Bank's Chu Lai branch may hike its chartered capital after The State Bank of Vietnam governor Nguyen Van Giau approved the application...
Westpac first half profit up 7% to $3.43bn
Decrease in debts and boost in lending to position the lender in delivering solid results until the second half.
BPI first quarter profit up 4.5% to $65mn
Despite relatively low interest rate environment, the lender was able to surpass last year’s $62.67mn profit.
KDB’s IPO may be deferred after 2011
Delay may cause serious blow to South Korea’s privatisation efforts as the fundraising strategy could provide bumper profits to the government.
ANZ Bank half year profit up 38% to $2.9bn
The result failed to beat analysts’ forecasts despite Australia’s resilience amid global economic downturn.
OCBC Malaysia inaugurates estate planning insurance product
Premier Heritage policyholders to earn minimum interest of 2.5% per annum upon maturity when the bearer reached hundred years old.
China banks pursuing to meet capital and loan requirements
Some banks resort top paying commissions to agents to help attract short-term deposits before the end of each month to evade the regulation.
ING mulls selling Australia online banking unit
StanChart is among the lenders in talks with ING for the 12-year-old ING Direct unit with estimated value of $6.5bn.
Banco de Oro earnings up by 18%
Banco de Oro reported that its earnings for the January to March period grew by 18 per cent.
ICICI Bank first quarter profit up 44% to $326mn
Despite rising interest rates in India, the bank’s 2011 credit growth is estimated to be 20%.
DBS first quarter profit up 52% to $655mn
Despite economic uncertainties, the bank believes that its efforts to strengthen its Asian operation will continue to bear fruit.
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