Retail Banking
Bank Mandiri picks Zulkifli Zaini as president
Bank Mandiri picks Zulkifli Zaini as president
Zaini will replace incoming Indonesian finance minister Agus Martowardojo.
On-going turmoils cause Thai banks to remain resilient
But analysts say with strong capital and liquidity, stronger banks can still maintain overall performance in 2010.
Kookmin Bank chief to resign before tenure ends
Kang Chung-won's plans of early quitting gives incoming KB Financial chief free rein in reorganising lender.
Philippines' Central Bank intervenes in PBCom sale
BSP persuades the Chung, Nubla and Luy families to divest stakes from lender.
HSBC inaugurates flagship centre to support SMEs
Lender posted 42% increase in lending to SMEs and 22% growth in deposits.
Rabobank divests $213mln stake in Yes Bank
Rabobank sells 11% stake to open bank focusing on agriculture, food, renewable energy and clean technology.
Bank Panin owners terminate plans to sell lender
Bids were lower than expected as Gunawan family eyes offers at 3 times book value.
KB Financial needs 2 years to consolidate lenders
Euh Yoon-dae’s decision gives breather to labor unions that oppose any M&A in banks.
Malaysia grants Mizuho approval for banking licence
Mizuho to establish foothold in Kuala Lumpur as Bank Negara gives it commercial banking licence.
US Export-Import Bank to finance Indonesian banks
11 Indonesian banks to claim $1bln as US taps Indonesian market for exports through Ex-Im Bank.
Standard Chartered strikes deal with China’s Agricultural Bank
MoU enabled lenders to work in wholesale and retail banking operations starting in Hong Kong.
KB Financial chair nominee pitches for Woori deal
Euh Yoon-dae sees Woori as primary target to diversify group’s operations just as Woori wants privatisation.
India approves $1.34bln infusion in 5 PSU banks
Move to leverage infused amount to enable lending $16.8bln to productive sectors in the economy.
Maybank allots $4.9mln to improve customer service
Pilot customer service transformation programme to upgrade all bank’s frontline personnel in 70 branches.
Hong Leong-EON Bank merger poses problem on employees
National Union of Bank Employees hits Bank Negara’s non-consultation with union on looming merger’s adverse effects.
Hong Leong Bank unveils Business Flexi FD
Product gives companies power to optimise cash flow by enabling customers to withdraw before tenure period.
ICICI Bank to focus on rural sector
Lender also plans to reduce exposure to personal loan after suffering big losses.
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