News
Public Bank posts $1.52 B pre-tax profit for 2011
Public Bank reported a 12.8 per cent increase in pre-tax profit for the financial year ended Dec 31, 2011 with US$ 1.52 billion.
Public Bank posts $1.52 B pre-tax profit for 2011
Public Bank reported a 12.8 per cent increase in pre-tax profit for the financial year ended Dec 31, 2011 with US$ 1.52 billion.
StanChart sees big opportunities in Chinese, Indian markets
Standard Chartered is encouraged by the policy outlook for India and China this year.
Philippines’ EastWest Bank in massive branch expansion
East West Banking Corporation is getting ambitious to the tune of P6.63 billion.
Indonesian govt to oversee micro financial institutions
The Indonesian government has welcomed the bill stipulating that it any activity to collect public fund should be under government's supervision.
Myanmar banks to provide money exchange services to ASEAN neighbors
Money exchange services will be conducted by Myanmar banks in Singapore, Malaysia and Thailand starting February.
HSBC continues retail banking restructuring
The banking giant sells off four units in just two days.
ICBC extends RMB 4.7B petty loans to county households in 2011
ICBC provided personal petty loans to over 12,000 individual industrial and commercial households in the counties in 2011, totaling RMB 4.7 billion.
ICBC's number of ATMs up to 52,000 by end of 2011
ICBC installed 11,000 ATMs last year to push its total number to 52,000 ATMs in service by the end of last 2011.
European funds to continue retreat from Asia
An almost desperate need to bolster their balance sheets will ensure European banks will continue to lose leverage in Hong Kong and the rest of Asia.
Korean credit card spending up to KRW 540 T in 2011
Increase in card loans pushed South Korea's credit card spending to KRW540 trillion or US$478.5 billion in 2011.
Maybank targets double digit remittance growth
Maybank is targeting a double digit growth in the remittance business for financial year 2012.
Leading Philippine bank to go on M&A spree
Rizal Commercial Banking Corporation wants to buy more Philippine banks with nearly P5 billion.
South Indian Bank posts 36% rise in net profit
South Indian Bank reported a 36% net profit increase to Rs 102 crore in the quarter till December 2011.
European banks slow down lending in ominous omen
European banks have begun lending less to Hong Kong in December, fueling fears the Eurozone contagion could be worsening.
Punjab National's total business reaches Rs 6.21 lakh crore
Punjab National Bank revealed that its total business reached Rs 6.21 lakh crore at the end of the third quarter of fiscal 2011-12.
Kotak Mahindra Bank's Q3 net profit up 47%
Kotak Mahindra Bank posted a 46.96% increase in net profit with Rs 276 crore for the quarter ended December 31, 2011.
Indonesia bolsters safeguards vs money laundering
Indonesia has required dealers of vehicles, real estate, and precious metals to report single day transactions totalling 500 million rupiah and above.
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