News

TMB Bank Public Company Limited earned a net of THB1,096 million from the operations of the Bank and its subsidiaries during the first quarter of 2011.

A study said they spend comparatively much lower time (less than half) on ICICI Bank while users spend maximum time on HDFC Bank and Citibank sites.

Major banks have been blamed for magnifying builders' problems by refusing to roll over maturing loans or forcing them to repay their loans.

The programme also enables Maybank to issue notes, senior and/or subordinated notes in currencies other than ringgit.

The lender to get more out of the impressive performance of its Singapore unit as its pre-tax profit there jumped by 49%.

Standard Chartered Bank Vietnam reported total revenues of  $40.5 million and pretax profit of $4.2 million for 2010.

VPBank approved a resolution to raise its chartered capital by VND1.05 trillion to VND5.05 trillion in 2011 financed from capital surplus and dividend fund.

Maybank is eyeing a 100 per cent growth for customers' debit card spending in the current financial year. The bank will popularise debit card use through promotions and expanding the number of merchants offering debit card payment.

The ratings agency retained the stable outlook for the notes to be issued through UOB's SGD5 billion Euro Medium Term Note (EMTN) program.

Aside from challenging credit curbs, the wealth products are also a form of financial experimentation in China that lay the foundation for a liberalised interest rate market.

The lender to open 22 branches in the north as it aims to aims increased exposure to $28.07mn in agriculture, $44.91mn in SME and $89.81mn) in retail opening.

ICBC eyes for a US retail unit to move into small and mid-sized business loans and consumer banking.

The lender pursues fundraising plans despite its statement last March 2010 emphasizing that it would have no need to raise additional capital for the next three years.

Almost a month since the 11 March 2011 earthquake in Japan, and we continue to examine its impact of the damage on industries.

The first package is the Hybrid Rate Home Loan and the second package is the Ceiling Rate Home Loan.

DBS China is on track for 50 outlets by 2013, with plans to open a total of at least eight new branches and sub-branches in 2011.