Retail Banking
Metrobank posts 39% net profit growth in 2010
Metrobank posts 39% net profit growth in 2010
Metrobank posted a 39 per cent growth in its net profit in 2010. This is attributed to a surge in non-interest earnings. Officials disclosed that...
RCBC to sell minority stake to boost capital
RCBC is selling a minority stake worth about $100 million to an undisclosed investor as part of efforts to boost its capital.
Kelly to head Westpac for another 3 years
The lender’s chairman denied reports of Kelly’s replacement as she vowed to lead customer-focused retail banking strategy.
National Australia Bank taps China market
Its collaboration with China Huarong Asset Management aims to focus on wealth management, insurance and rural lending.
Rabobank seeks to beef up Australian presence
The Dutch banker taps Australia’s rural banking market as it recruit staff for its expansion in the country.
Court okays Yunus’ removal as Grameen Bank Managing Director
The Bangladesh High Court Tuesday rejected Nobel laureate Prof. Muhammad Yunus’ writ petition, thereby endorsing his removal as managing director of...
Habubank posts 2010 gross profit of $28.5M
Habubank's 2010 net profit inreased by 13 per cent to US$35.7 million from 2009.
Sacombank blames gold price fluctuation for $24.6M loss
Sacombank-STBcombined after tax profit in Q4 2010 fell by 118 billion dong or 24.5 per cent against the same period from the previous year.
Union Bank to raise $243.5mn via preferential allotment
Union Bank shares were barely changed after announcing that it will issue 30.9mn shares to the India government.
Hana picks Yun Yong-ro as KEB CEO
Former Financial Services Commission vice chairman and Securities & Futures Commission chairman will still have to win approval from the board.
ICICI prepares fresh products for rural areas
The bank to offer bank accounts, subsidy transfers and basic insurance for farm produce in the next six months.
Bank Negara looking for right mega Islamic bank investors
Bank Negara Malaysia hopes to issue two mega Islamic bank licences this year.
Bank Mandiri official sued for loan manipulation
Head of Credit Operation Department Aris Pranata faces anticorruption charge with possible penalty of 20 years of imprisonment.
State Bank of India to receive fund infusion
The Indian government is on the process of assessing the lender’s capital requirement if it should have a Tier I capital adequacy ratio of 9-9.5%.
Punjab National Bank keen to tie up with life insurer
The lender is also interested to buy stakes in life as well as non-life firms.
Bank of China plans to raise funds for capital boost
Move aims to comply with regulatory requirements based on Basel III agreement.
HSBC hungry to expand presence in India
The lender’s chairman is driven to choose the subcontinent above any other country.
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