Retail Banking
Westpac full year profit up 84% to $6.5bln
Westpac full year profit up 84% to $6.5bln
A sharp decrease in impairment or bad loan charges drove the lender’s profit up.
Chinatrust expects profit to soar to $344.5mln
Chinatrust might sign an MOU with the Bank of China for cooperation in financial services.
OCBC’s private banking arm sees 20% profit surge
Bank of Singapore expects assets from European clients to double next year as they park their money in the Asia-Pacific.
Sarasin appoints Michael Coglin Chief Investment Officer Asia
Harvard-educated Coglin has 20 years of experience in providing exceptional private banking services to clients.
China’s AgBank confident on meeting $12.42bln target
The lender has no immediate plan to buy a foreign company as central bank's recent move won't affect it much.
Woori Bank seeks a consortium of investors
Woori wants non-financial firms to divide the 57% stake, worth around $6bln.
OCBC third quarter profit up 27% to $442mln
Net profit is higher by $45mln than analysts had expected behind falling bad debt charges and higher insurance income.
BPI nine month profit up 24% to $212.62mln
Improving economy and a low interest environment spurred the lender's loan growth and noninterest income.
China Minsheng Bank profit up 46.5% to $619.5mln
China Minsheng Banking Corporation recorded a 46.48 percent year-on-year increase in third quarter net profit attributable to shareholders to 4.14...
Korea sets deadline for Woori sale at November
Hana Financial is seen as a potential bidder for $6bln sale of 57% stake in Woori.
ANZ sees upcoming end of KEB deal
The lender expects Asia to contributing a third of profit in medium-term as KEB due diligence is nearing completion.
ICBC third quarter profit up 27% to $6.4bln
The lender acquired a small insurer to initiate step toward its goal of becoming a financial conglomerate.
China regulator penalises lenders for 'hot money' inflows
Branches of BEA and BoC among the eight cases that made 197 illegal transactions totaling $7.34bln.
Bank of Communications profit up 24% to $1.37bln
Despite double digit growth, third quarter profit still fell short of the $1.42bln median analysts’ estimate.
Bank Rakyat profit up 35% to $321.53mln
Financing income rises for the first nine months behind strong growth in all business segments.
Vietnam grants license to Bank of Communications
Opening a branch in Ho Chi Minh City is part of its move to expand its 10 overseas branches.
Danamon plans to launch $330mln bonds in November
The lender to use the proceeds to bolster its long-term targets as its CAR stood at 16.4%.
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