Retail Banking
Major Philippine banks may seek expansion through acquisitions
Major Philippine banks may seek expansion through acquisitions
Takeover of smaller banks could take place as banks go for competitive edge.
Regulator backs Hong Leong's $1.7bln EON Cap acquisition
HLBB also earned approval from the Minister of Finance to acquire subsidiaries of EON Cap.
Hang Seng sees 30% yuan deposit growth
Lender has raised its loans-to-deposit ratio to 58% behind 1.77% first half net interest margin.
Mega Bank to forge partnership with Chinese banks
Tie-up with ICBC and BOC expands links on currency remittance and international syndicated loans.
KB Financial chief uninterested in Woori takeover
Lender wants to recover from losses first before it considers acquiring other banks.
Hana prepares to take over Woori
Yet banking experts are worried that the acquisition will strain Hana’s resources.
OCBC sees greener pastures as Asian economy improves
But misses second quarter forecast behind 24% surge in operating expenses and 40% in staff costs.
DBS' net interest margins fall to 1.84% in the second quarter
The bank said more than half of the margin decline was due to a shift in the securities portfolio towards higher-quality issues with lower yields.
Punjab National Bank targets $1.12bln business in 2010
Estimate 21.1% higher than 2009 as lender will give priority to retail, agriculture and MSME sectors.
Mandiri 1H 2010 profit up 38% to $477mln
Indonesia approved $775.19mln rights issue between December and February increased optimism for growth.
Foreign insurance firms woo India's PSU banks
MSIG, Manulife and Ergo are hunting for public sector banks to enhance their fee-based income as cushion from crisis.
Thailand banks' profits surge as loans recover
Kasikornbank, Kiatnakin, Siam City, Tisco among local lenders that reaped growth despite political unrest.
HSBC releases new RMB investment product
Lender will launch RMB FX-linked deposits and preferential time deposit with 1.41% per annum rate.
Fitch affirms Hong Leong at BBB+
Places EON on positive watch as rating company takes into account HLB's planned $2.18bln EON takeover.
Sumitomo Mitsui mulls investing $5bln in US bank
The lender is scouting potential buy among 20 US banks to acquire 30% of banking profit from overseas clients.
Agricultural Bank of China attracts big-time IPO investors
The bank takes the opportunity on China government's drive to boost growth in country's centre and Western regions.
National Australia Bank earns $387mln from bond issue
Lender’s sixth Maple bond issue surpassed the $194mln target earnings.
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