News
CCB post operating income of $30B for 1st half
China Construction Bank realized an operating income of 197.246 billion yuan or around US$30.82 billion for a year-on-year increase of 28.31 percent in the first half of 2011.
CCB post operating income of $30B for 1st half
China Construction Bank realized an operating income of 197.246 billion yuan or around US$30.82 billion for a year-on-year increase of 28.31 percent in the first half of 2011.
Bank of Communications' first half profit up 29.67%
Bank of Communications recorded a first half profit increase of 29.67 year-on-year, helped by a widened net interest margin and higher commission fees.
ANZ Bank has momentum for another record profit
ANZ Bank will likely raise its full-year earnings growth to another record profit.
Woori sale fails on lack of bidders
The sale of Woori Finance Holdings Co. for a minimum of 30% stake fell through again as it attracted only one investor.
HK Monetary Authority rejects pegging HKD to CNY
HKMA head said the HK dollar would lose its advantages if it is pegged to the Mainland’s currency.
Job cuts and outsourcing in Westpac loom
The move will likely boost the lender’s productivity and reduce cost as it expect slow growth period to extend.
Banks in Southeast Asia gears up for integration
Bank Indonesia and Bank Negara Malaysia lead ASEAN banking integration by 2020.
State Bank of India has $354mn direct exposure to EU market
Yet the state-run lender stressed that it has no exposure to the region’s sovereign bonds.
MBK Partners faces two rivals in bidding for Woori
Goldman Sachs and Canada Pension Plan joined MBK in its attempt to seal South Korea’s biggest banking privatization deal.
Indonesia central bank: Curbing foreign investment not our intention
Bank Indonesia’s bank ownership limit aimed to foster good governance in banking after fraud cases surfaced.
Indonesia bank loans soar by 58%
Growing demand from companies and low borrowing costs in Indonesia boosted loan growth.
Maybank offers $671.7mn subordinated notes
The notes were given a long term rating of AA1 by RAM Rating Services.
Minsheng Banking first half profits up 57%
Rising incomes from loans and fees pushed China Minsheng Bank's first-half profits up by surged 56.98 percent.
Bank of America finds difficulty in divesting CCB stake
Once valued at $20bn, the BofA stake is now seen to be worth several billion dollars less.
Fubon spots overseas investment opportunities
Despite weakening credit profile, the company to direct more funds into foreign investments with fixed incomes.
Indonesia central bank bans M&As in domestic lenders
The country’s banking industry has been thrown into confusion since Bank Indonesia mulls new limits on bank ownership.
Central Bank of India and Chola MS General Insurance join forces
The bancassurance tie-up will offer simple and technology-enabled customized products.
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