News

The lender’s senior executives believe that the global economic crises could be favourable to the Indian banks operating overseas.

The kiosk will further enhance customer convenience and self dependence by offering various services without the intervention of bank employees.

IFC already sold its 7% stake in the lender while HSBC plans to divest its 8% stake.

Indian Overseas Bank will be raising up to Rs 3,500 crore in core tier-I capital over the next three years to fund expansion.

Hong Leong Finance has reported a decrease of 17.8 % in its second-quarter net profit to S$26.3 million, down from S$32 million from the same quarter last year.

Citigroup Inc. and DBS Group Holdings announced that they haven’t cut credit lines to French lenders.

Customers of the former EON Bank will be able to conduct transactions at all of its 145 branches redesignated as Hong Leong Bank  branches beginning today.

TienPhongBank gained over 180 billion dong pre tax profit during the first 6 months, up 16 billion dong against its plan.

ABC launched its overseas system operation service area at the data center of its Head Office and has successfully tookover the core banking system of the Hong Kong Branch.

Kasikorn Leasing Company's earnings for the first half of 2011 totaled 237 million Baht, an increase of 5.8 percent over-year, said Mr. Isara Wongrung, Managing Director of Kasikorn Leasing Co., Ltd.

A total of RMB 294.4 billion of loans has been extended to small enterprises through ICBC small business centers, during the first six months of the year. These account for 61% of total small business loans in ICBC. The total amount of small business loans outstanding reached RMB 377.3 billion, representing 64% of the total. The result fully demonstrated the advantage of dedicated ICBC services to small enterprises.

Bangkok Bank launched a range of China Yuan  transaction services to help serve the expansion of trade and investment between Thailand and China.

Krung Thai Bank reported a net income of 10,730 million baht, its highest semiannually net income in 16 years.  Its quarterly net income soared 55% year-to-year to 1,868 million baht.

BDO, BPI, Citibank Philippines, HSBC and Metrobank agreed to form a body to keep track of good, bad borrowers.

The issue to be used to boost the lender’s working capital is part of a $1.66bn programme.

The company’s largest product in terms of valuation is mutual funds’ assets reached $1.08bn.