News
Indonesia's Bank Mega to focus on expanding SME business
Bank Mega credited their focus on credit disbursement to SMEs in doubling its net profit to Rp 909 billion or US$96.35 million in the first half.
Indonesia's Bank Mega to focus on expanding SME business
Bank Mega credited their focus on credit disbursement to SMEs in doubling its net profit to Rp 909 billion or US$96.35 million in the first half.
OCBC NISP ponders on possible acquisitions
OCBC NISP is assessing five to 10 financing companies as acquisition targets and has prepared Rp 500 billion to Rp 1 trillion for the transaction.
OCBC faces squeeze from contracting interest margins
Strong loan growth helps boost the profit of the world’s strongest bank by 12% in the second quarter but its net interest margins continue to shrink.
Vijaya Bank hopeful of 18-20 per cent credit growth
Vijaya Bank hopes to achieve an 18 to 20 percent credit growth in the current financial year.
Bank of India wants more retail, SME clients
Bank of India will increase its retail and SME business up to 50 percent of its total.
City Union Bank's first quarter net up by 26.3%
City Union Bank’s first quarter net profit increased by 26.3 per cent at Rs. 73.89 crore from Rs. 58.51 crore the previous year.
Bank of East Asia profit jumps 10%
Bank of East Asia Ltd reported a net profit of HK$2.99 billion in the first-half.
Indonesia's BCA to venture into life insurance
Bank Central Asia will still continue its planned venture in life insurance, according to its president director, Jahja Setiaatmadja.
Philippines' Security Bank posts 29% loan growth
Expansion in various industries pushed Security Bank's loan portfolio up by 29 percent in the first half of 2012.
Thailand's KBank to provide consultancy to retail customers
Kasikornbank will get more involved in financial advisory banking to help retail customers.
Chinese banks move to finance local businesses
Banks are being encouraged to stimulate China’s economic growth at the local level by lending more to local governments and business firms.
Thai loan growth to continue in Q3
Banks and non-bank institutions will continue to experience loan growth in the third, to a June survey by the Bank of Thailand.
Foreign expansion a matter of survival for Asian banks
Asian banks will continue expanding overseas to grow faster and improve yields.
Allahabad Bank post 23% net growth with cash recovery
Allahabad Bank reported a more than expected 23% net profit growth due to a Rs 120-crore cash recovery.
Indian and UK financial regulators forge stronger alliance
HSBC’s admission to money laundering for criminal syndicates compels regulators from both countries to exchange more information.
YES Bank and Shinsei Bank forge business alliance
India’s YES Bank and Japan's Shinsei Bank enter into a comprehensive business alliance.
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