News

The group said the selected president to be approved by the board in mid-March.

The lender aims to expand operations in the region by reaching out to clients through its sales force as it is constrained to set up branches.

The lender seeks to merge them with Samhwa to nurture a consolidated savings bank with an asset size of up to US$2.7bn.

CIMB Thai Bank PCL has disclosed the unaudited operating results for the year ended 31 December 2010 showed a consolidated net profit of US$27.26 million.

Name your best banking and finance institutions in The Asian Banking and Finance Retail Banking Awards 2011.

Thanachart Bank has completed the purchase of shares of Siam City Bank.

5,000 new client accounts added and the number of relationship managers up 15% to 450 in the same year.

Hor Kwok Wai, James Chong Wai Choy, and Ramon Albert Chelvarajasingam hired from different companies.

The bank will set eyes on product diversity and convergence with telecom sector.

Most commercial banks in Vietnam have set high profit targets for 2011 amid uncertainties of the economy and unpredictable macro-policies.

The lender’s aggressive moves in its diversified nature of its business propelled growth in India.

The four state-owned commercial banks and two specialized banks in Bangladesh  have disbursed 40% of special agricultural loans within seven and a half months.

UOB is planning to hire some 2,000 staff in Singapore and the region this year.

Loan demand remained robust with higher loan applications, particularly from the household sector.

Vietnam's commercial banks will double compulsory reserves if they fail to reduce the proportion of outstanding loans made to the non – manufacturing sector. The State Bank of Viet Nam ordered it reduced to 22 per cent by June and 16 per cent by the end of the year.

Woori Finance will expedite its rescue of a Samhwa Mutual Savings Bank. It intends to and resume the operations of the said mid-sized savings bank as early as this month.