Retail Banking
Chinatrust Financial board approves 2.5bln share issue
Chinatrust Financial board approves 2.5bln share issue
Price per share of private placement tagged at US$0.51 allows firm to raise US$1.3bln.
Hong Leong's offer for EON Cap too low
EON's independent financial adviser Credit Suisse's statement left lender's board in dilemma.
Metrobank profit up 23% to $56mln
Lender said growth attributed to approximately $33mln rise in other operating income.
CIMB acquires additional stake in Indonesian unit
Malaysian lender CIMB is raising its stake in Indonesia's Bank CIMB Niaga to better capitalise on the southeast Asian nation's fast-growing economy.
State Bank of India profit down 32%
Lender's $413mln net profit below analysts' expectations as it allotted more funds for bad loans.
Taishin Financial targets 15% more clients
Lender eyes expanding its loan business by 10% and emerging as leader in mobile banking services.
BPI: Redefining opportunities
Bank of the Philippine Islands prioritised liquidity over market share last year in anticipation of a difficult environment after the unprecedented...
KDB chief not keen on KEB takeover
High price and post-takeover issues discourage local bidders to bid for once popular M&A target.
ICICI, HDFC violate foreign investment rules
India's commerce and industry minister said decision meant to force lenders to shore up domestic shareholding.
Chinese commercial banks face lack of capital
Analysts say China's listed banks need to raise up to $44bln in 2010.
HDFC profit up 31% to $660.92mln
Net interest income for the quarter soared 27% driven by loan growth.
China Merchants Q1 profit up 40% at $864mln
Lender said higher net interest margin and expanded intermediary business boosted its net profit.
Bank of Baroda Q4 profit up 20%
Steady performance coupled by one time stake sale has driven lender’s net profit up at $204mln.
HSBC introduces dedicated zones to China, Taiwan customers
Section will offer account opening, financial planning and other banking transaction facilities.
PSBank Q1 profit up 57% at $11mln
Lender sees surge in consumer loans to continue due to improved consumer confidence.
Hong Leong may forgo shares sale for EON
Analysts think that HLB is sticking to its all-cash $1.59bln offer to stamp the EON deal.
Bank of China Q1 2010 profit up 41%
Loan expansion propelled by robust economic recovery raised bank’s net profit to $3.84bln.
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