News
Commonwealth Bank posts lower than expected $1.69B Q1 profit
Commonwealth Bank of Australia posted a net profit of US$1.69 billion for the first three months of 2012.
Commonwealth Bank posts lower than expected $1.69B Q1 profit
Commonwealth Bank of Australia posted a net profit of US$1.69 billion for the first three months of 2012.
Bank Simpanan posts $332M net income
Bank Simpanan Nasional increased its net income for financial year ended Dec 31, 2011 to RM1.032 billion or US$332 million.
Hong Leong ups Q3 earnings by 49%
Hong Leong Financial Group increased its earning by a 49.2% increase in earnings to RM394.77mil in the third quarter ended March 31.
Demand for loans remains weak for Chinese banks
Lack of new loans continue to haunt China's four biggest banks in the first two weeks of May.
ANZ to triple investments in China
Australia & New Zealand Banking Group Ltd. (ANZ) will triple the size of its banking network in China.
HSBC to maximize opportunities in Malaysia
While HSBC Malaysia had been growing in the last two years and was looking at its cost base very carefully, it has yet to fully penerate the Malaysian market.
Mobile banking on the move in Indonesia
An Indonesian bank will build on the success of its mobile banking program.
Allahabad Bank to boost Hong Kong operations
Allahabad Bank plans to revive its $500-million overseas bond sale plan to support its growing Hong Kong business.
Exim Bank Malaysia to disburse $486M in loans
Exim Bank Malaysia had approved RM800 million or US$259M in loans as of April, according to its Managing Director/CEO Datuk Adissadikin Ali.
CIMB's acquisition of BoC to diversify operations: Moody's
Moody's gave CIMB Bank Bhd's plan to acquire a 59.98 per cent stake in the Philippines Bank of Commerce positive rating.
Individuals to drive banking growth in India
India’s bankers remain confident that extending credit to individuals is the correct path to growth.
Reserve ratio to be cut again in China
China takes another step to shore-up its beleaguered banking sector.
Sri Lanka's ComBank links ATMs to China UnionPay
The more than 500 ATM terminals in Sri Lanka of the Commercial Bank of Ceylon can now be utilized by holders of UnionPay credit and debit cards.
CIMB's ratings unchanged after BOC acquisition: RAM Ratings
CIMB Bank Bhd's proposed acquisition of a 60 per cent stake in Philippines-based Bank of Commerce has no immediate rating impact.
China’s largest bank makes history in the USA
The Industrial and Commercial Bank of China has received US government approval to take over an American bank.
Banco de Oro takeover of Exportbank eyed by chairman
The chairman of the troubled Export and Industry Bank wants to sell all the banks assets and liabilities to Banco De Oro Unibank Inc.
Vietnam's Sacombank hunts for foreign investors
Sacombank may sell shares to foreign investors up to 15 percent of it chartered capital.
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