Retail Banking
Bank Rakyat Indonesia mulls acquiring Bank Agroniaga’s stake
Bank Rakyat Indonesia mulls acquiring Bank Agroniaga’s stake
Bank Rakyat is eyeing more than 50% stake 3 years after its last acquisition.
Bank Rakyat Malaysia eyes $500.4mln net in 2010
But the target couldn't be met if Bank Negara decides to increase OPR by .5%.
National Australia Bank’s Q1 net flat at US$986mln
Subdued credit growth and fierce competition caused NAB to lag behind rivals.
Woori's various merger scenarios with other banks surface
Regulator announced possible union between Woori and KB Financial as South Korea targets global financial competitiveness.
OCBC 2009 profit up 12% on non-interest income surge
37% growth in non-interest income together with lower cost-to-income ratio helped lender earn S$1,962mln.
Bank of East Asia posts $330.9mln 2009 profit
Profit surge from US$5mln in 2008 is attributed to earnings in securities trading.
EON Bank proceeds with makeover scheme
Lender positive in moving forward by venturing into bancassurance despite Hong Leong’s failed merger bid.
2 Australian banks report better than expected profits
Bendigo and Adelaide Bank's profit increases as investor confidence on regional banks rebounds.
Westpac profit surges 33% to US$1.44 bn
Reduction of bad debts resulting from improving global financial climate caused the US$1.44bn cash profit.
Singapore lifts ban on sales of structured notes by DBS, Maybank and RBS
The ban was lifted after accounting firms KPMG and PricewaterhouseCoopers said they were satisfied with the banks' plans and implementation.
Kookmin Bank Q4 net grows by $291.23mln
Lender’s profit back to green despite KB Financial’s Q4 net slid by 59.4%.
Profits of Indonesian banks up 47.7% on lending margins
Surge attributed to bank’s preference to maintain high lending margins despite low 10% lending growth.
BEA earns US$339.7M on operating income growth
Bank of East Asia's consolidated profit after taxation reached US$339.7 million for 2009.
Asia Pacific banking systems exhibit stability
Twelve of Asia Pacific’s banking systems were given improved stable outlooks by Moody’s Investors Service.
CSFI/PwC report warns of Asian banking risks
Over-reaction of regulators ranked as the biggest fear of Asian bankers.
India cancels plan for bank mergers and acquisitions
Central bank's aversion for consolidation of lenders spurs government to shelve moves to discuss M&As.
KB Financial Chief Director Cho Dam quits
South Korea's new policy limiting outside directors to a maximum five year term prompts Cho's resignation.
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