Retail Banking
StanChart Vietnam reports 2010 revenues of $40.5M
StanChart Vietnam reports 2010 revenues of $40.5M
Standard Chartered Bank Vietnam reported total revenues of $40.5 million and pretax profit of $4.2 million for 2010.
VPBank to raise capital to VND5.05T
VPBank approved a resolution to raise its chartered capital by VND1.05 trillion to VND5.05 trillion in 2011 financed from capital surplus and...
China banks introduces new products to defy loan curbs
Aside from challenging credit curbs, the wealth products are also a form of financial experimentation in China that lay the foundation for a...
AIA Group to form Malaysia subsidiary
AIA Bhd is part of the group’s strategy on organic growth in Asia.
People's Bank of China pulls out $12.7bn from money market
China’s central bank had already hiked banks' reserve requirement ratio thrice as it steps up drive to tighten excess liquidity amid concerns about...
Bank of Baroda plans expansion in Chandigarh region
The lender to open 22 branches in the north as it aims to aims increased exposure to $28.07mn in agriculture, $44.91mn in SME and $89.81mn) in retail...
ICBC applies for Fed approval on BEA US unit acquisition
ICBC eyes for a US retail unit to move into small and mid-sized business loans and consumer banking.
China Merchants Bank plans to sell shares
The lender pursues fundraising plans despite its statement last March 2010 emphasizing that it would have no need to raise additional capital for the...
CIMB's new pension fund in place by year-end
CIMB will implement a new private pension scheme in Malaysia.
Hana Financial profit down 2.6%
Hana Financial Group's first-quarter earnings declined 2.6 percent from a year earlier due to decreased interest income.
NAB seeks partners to bid for Lloyds branch
The lender mulls to spin off existing UK assets to JV as it woos NBNK and BBVA for partnership.
China requires its banks $131bn capital over 6 years
Compliance to stricter rules aims to ensure that banks have sufficient capital to be ready for a crisis that would minimize any government bailout.
Maybank eager for more IPOs after Kim Eng share buy
The purchase provides Maybank platform to expand services that includes IPOs within Southeast Asia.
Union pickets Maybank headquarters
Members of the National Union of Bank Employees held a peaceful one-and-a-half hour picket in front of Menara Maybank.
BS Financial eyes savings bank business
BS Financial Group is considering breaking into the savings bank sector in a bid to expand its business portfolio.
ICBC to expand globally via emerging countries
Industrial and Commercial Bank of China Ltd. will increase its global footprint by setting up branches in India, Pakistan and Brazil.
China regulator halts approving city lenders' rural banking proposals
Some analysts believe city lenders are adept at dealing with small clients while others doubt on city lenders’ capacity to provide enough human...
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