News
Bank Islam, Takaful Malaysia push BIMB Holdings net profit up
BIMB Holdings' profit before zakat and taxation is up 47 percent to US$189.2 million for the financial period ended Dec 31, 2011.
Bank Islam, Takaful Malaysia push BIMB Holdings net profit up
BIMB Holdings' profit before zakat and taxation is up 47 percent to US$189.2 million for the financial period ended Dec 31, 2011.
Off items pull down Hong Leong Group's profit before tax by 34.4%
Hong Leong Financial Group's profit before tax decreased 34.4% to157.8 million for the first fiscal half-year ended 31 December 2011.
CIMB's net profit up 15.1% to US$1.3b in 2011
For 4Q11 alone, the Group’s net profit of US$374 million was 12% higher than 3Q11.
Asian growth pushes HSBC profits to $22B
HSBC made a $21.9 billion profit last year, the largest among western banks, as its strength in Asia helped it cope with a euro zone debt crisis.
BofA ramps up China expansion
America’s second largest bank wants to be among the Big Boys in China’s banking industry.
Maybank expects Indonesian unit to grow loans by 20%
Bank Maybank Indonesia expects lending to grow by 20 percent this year, according to a top executive.
Foreign banks to prop-up Indian SMEs
Foreign banks that today supply only 5% of India’s total lending will soon be required to provide some 40% of loans needed by small businesses and exporters.
HSBC abandons retail banking operation in Japan
A massive restructuring by the world’s second largest bank continues to surprise with its depth.
Maybank pre-tax profit up in first 6 months
Maybank posted RM3.563 billion or US$1.18 billion in pre-tax profit in the first six months ended Dec 31, 2011.
Chinese investors in massive retreat from loans
China’s Big Four banks have less and less to cheer about as the year stumbles on.
Permata Bank posts stellar income
Bank Permata reported an increase in profit last year as loan demand by Indonesian consumers and corporations rose and the economy grew.
Perilous situation: More bad loans face Chinese banks
The souring Chinese economy continues to dent the bottom line of Chinese banks.
Bank Muamalat starts repositioning with new Temerloh branch
Bank Muamalat started its repositioining program of upgrading and reocating branches with its 57th branch in Temerloh.
OCBC reports rosy results
The Oversea-Chinese Banking Corporation Ltd, Singapore’s largest local bank by market capitalisation, has reported encouraging operating results for 2011.
China's micro-lenders up 64 %, lends $30.7B
China's micro-credit sector experience massive growth with encouragement from the government.
Indian banks join M&A hunt in Europe
Japan isn’t the only country looking to strike M&A fortunes in Europe.
CIMB's keeps focus on Asean amid RBS acquisition plan
CIMB Group’s Asian expansion plan will not be significantly impacted by its purported acquisition of Asian assets of the RBS.
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