News

Tie-up was spurred by the signing of financial Memorandum of Understanding between Taiwan and Mainland.

ATM manufacturer reports sales down, profits down, no sign of recovery as banks delay replacing old systems.

Bank wants its new shareholder to help fortify operations and to revise bank's 2010 core business plan.

Move is part of Woori's plan to capture Korean American market in the two US coasts.

Lender is also eager to act as broker that facilitates collaboration between Indian and Japanese firms.

Bangkok Bank increased its net profit in 2009 by 0.02 percent to US$606 million.  Profit before provisioning and tax amounted to US$1.085 billion, 0.7 percent higher than 2008.

Collaboration with IFC and Bank of Nova Scotia will give lender expertise in its global expansion.

Grand expansion plan targeting $65 billion business includes setting up ATMs and putting up operations abroad.

BOC attempted to curb skyrocketing loan growth in line with regulator's pressure on banks.

Net profit drop due to absence of treasury income is still smaller than anticipated.

9.5 percent increase is eyed to get rosier this year due to stimulus package.

The $22 billion worth of loans to farmers spur bank to beef up operations in cities.

Public Bank achieved a pre-tax profit of US$984.7 million and net profit of US$747 million for 2009. This happened on the back of a strong 10.2 percent growth in net interest and financing income. In the previous year, the Group’s pre-tax profit of US$1.002 billion included a significant one-off goodwill income of US$59.3 million in respect of the bancassurance distribution alliance with ING Asia/Pacific Limited. Excluding this one-off income, the Group's underlying operating pre-tax profit improved by 4.5 percent.

Deal will skyrocket MoneyGram's China presence as its services will be available in lender's 10,000 branches.

Talks with Hong Leong for possible acquisition of its assets and liabilities are not yet finalised.

Banks cite cost mismatch as reason to reject RBI's planned regulation of cutting home loan rates.