News

Australian lender plans to compete with local counterparts to expand its Asian business.

Chinese megabank seeks to expand into Mekong River region using ACL as platform.

Net profit growth attributed to surge in loans and cost of credit improvement.

Analysts believe net profit growth at $187mln may be sustained due to economic rebound.

NAB disagrees on ACCC’s ruling on competition issue and undertakes changes to pursue its US$13bln bid. National Australia Bank is considering sweeping changes to keep its A$14 billion (US$13.03 billion) takeover bid for Axa Asia Pacific (APH) alive and ease the regulator's competition concerns.

Proceeds worth more than $12mln to be injected to China Eximbank and other state-run lenders.

Smith eyes a partnership with an Indian or Singaporean bank to expand further its Asian operations.

Opening of 4 new branches is part of lender's aggressive expansion.

Lender's earnings report excludes its $130mln investment in UCBH Holdings that upset its proposed overseas expansion.

ACCC cautious that merger could reduce competition in country's retail investment market.

Home loans have rates from 8.25% in 2010-2011 to 9% in 2012 to maintain market position.

FSS investigation on Kang caused KB board to sidetrack from deciding on KEB takeover.

Six lenders immediately applied for branch expansion in Mainland following FSC approval.

When the property market busts, which it will, Chinese banks will see non-performing loans zoom to 20%, forcing a Chinese TARP.

Lender sees high-value financial services as vital scheme to strengthen bank’s profitability amidst fierce competition.

Country’s first cross-industry cooperation between financial and Internet organization aims to create a financial service platform.