Retail Banking
Michael Lor resigns as EON Bank CEO
Michael Lor resigns as EON Bank CEO
Datuk Mohzani Abdul Wahab and Dr Zaha Rina Zahari will share the responsibilities left behind by Lor.
BoComm releases 20 bln renminbi-denominated bonds in Hong Kong
The bonds, with terms of between two years and five years, are targeted at institutional investors and individual investors.
Guoco denies plan of acquiring Bank of East Asia
Yet the conglomerate admitted it raised its stake in the bank to 10.06% from 9.98%.
ABC takes majority stake in Jiahe Life
ABC will hold 51 per cent stake of Jiahe Life, becoming the controlling shareholder. Shares held by the former five shareholders of Jiahe Life...
Maybank eyes more media exposure in China
Maybank has entered into a strategic partnership with Xinhua News Agency.
Vietnam's Eximbank 2010 net profit up 60%
Vietnam's Eximbank's net profit surged 60 percent to US$87 million last year.
VietinBank's 2010 net profit soars 169%
VietinBank's net profit jumped 169 percent to US$164.7 million last year. The Hanoi-based bank revealed in a finacial report that its annual...
Moody's: Korea's MSB problems minimally affects commercial banks
Moody's believes that distress among Korean mutual savings banks will have a minimal impact on Moody's-rated commercial banks in Korea.
Military Bank raises deposit rates for foreign currency savings
Military Commercial Joint Stock Bank announced to increase the deposit rates for depositors in US dollars and euro by up to 1.5 percent per year...
VNPost gets nod to make capital contribution in LienVietBank
Prime Minister Nguyen Tan Dung approved Vietnam Post's capital contribution in LienVietBank by merging its member company of Vietnam Postal Savings...
Woori Finance to acquire Samhwa Mutual Savings Bank
KDIC chooses Woori Finance to take over the lender which was suspended because of its troubled capital condition.
Kasikornbank extends financial facilities to Japanese businessmen
Kasikornbank enhanced its business partnership with Shizuoka Bank by connecting the financial service networks of the two banks. It's aim is to...
Hana Financial wraps up financing for KEB takeover
Hana Financial announced that it has completed raising funds to acquire a 51.02 percent stake in Korea Exchange Bank.
Korea's watchdog to support ailing savings banks
South Korea's Financial Services Commission pledged to supply liquidity and buy distressed property-linked loans to help ailing savings banks.
BCA net profit down 29% in Q4
PT Bank Central Asia its saw 2010 fourth quarter net profit slide 29 percent as net interest income dropped and competition for consumer loans grew.
DaiABank sets high profit targets for 2011
DaiABank targets over 600 billion dong of pre-tax profit in 2011. The bank planned to submit the targeted year plan to the shareholders in the annual...
Maybank net profit up 14.8% in 1H 2011
Pre-tax profit for the six months ended December 2010 increased to RM2.97 billion compared to RM2.56 billion in the previous corresponding period...
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