Retail Banking
Bank Mandiri first quarter profit up 89% to $444.45mn
Bank Mandiri first quarter profit up 89% to $444.45mn
Analysts estimate the bank’s 2011 profit to rise 28% to $1.38bn following gain from the stake sale in Garuda Indonesia's IPO.
Allahabad Bank's net profit increases by 14.74%
Allahabad Bank's net profit increased to Rs.258 crore for the quarter ended March 2011 as against Rs.225 crore in the corresponding quarter last year...
LienVietBank's new branch offers credit for agriculture
LienVietBank, has opened a branch in Vung Tau City and is offering a credit line of VND300 billion to develop agriculture and rural areas in the...
SaigonBank expects new plan to bring VD350B profit
SaigonBank has approved the 2011 business plan in the annual general meeting with targeted pre-tax profit of 350 billion dong and dividend payment of...
RHB shortlists bidders of 25% stake to 6
Sources said Chinese suitors not keen on buying the Abu Dhabi Commercial Bank's block in the company.
Malaysian court junks suit blocking EON acquisition
Primus to appeal against court decision that clears way for EON to accept Hong Leong $1.7bn takeover offer.
Bank Rakyat Indonesia first quarter profit up 52% to $378mn
Strong growth loan has prompted analysts to estimate the bank’s 2011 profit to surge 13% to $1.51bn.
China Minsheng Bank first quarter profit up 45.5%
The lender’s revenue up 37% to $2.64bn while its net interest income soars 32.8% to $2.06bn.
China regulator belies enforcement of stricter capital rules for big banks
CBRC requires the Big 5 to keep a minimum capital adequacy ratio of 11.5% based on the Basel III global regulatory framework.
China and Taiwan banking regulators talk about opening markets
Representatives from both parties will conduct regular bi-annual meeting to gradually clear obstacles on Cross-Strait Banking Supervision Cooperation...
China big banks receives higher-than-expected profits
ICBC surpasses first-quarter profit performance of JP Morgan, most profitable bank in the US, by 49%.
DBS Bank starts offering mortgage-linked insurance
Policy holders can receive payments for death and permanent incapacitation, as they can get up to 40% of the total coverage if they incurred a major...
India’s state-run lenders step up hiring of personnel
A study revealed that state-run banks would need 500,000 employees over the next 10 years to maintain their competitive edge.
Woori Finance net profit down by 50.6 %
Woori's first-quarter earnings fell by 50.6 per cent from a year earlier on an absence of one-off gains.
KB Financial net up 23.3%
KB Financial Group's first-quarter earnings rose 23.3 percent from 2010. This is due to improved interest margin and a fall in loan-loss reserves.
Bank Negara to establish Beijing office
Bank Negara Malaysia will put up a representative office in Beijing, China.
Techcombank aims for 46% 2011 growth rate
Techcombank is aiming for a 4 trillion dong profit in 2011, a year-on-year increase of 46 per cent.
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