News
Ambank’s quarterly profit up by 27%
Ambank Group recorded a profit after tax and minority interests of $731.34 million for the first quarter of its financial year ending 31 March 2010, thanks to its Retail Banking business. This represents an increase of 27 percent over its previous corresponding quarter and annualised earnings per share of $.1074 and post-tax return on equity of 13.1 percent.
Ambank’s quarterly profit up by 27%
Ambank Group recorded a profit after tax and minority interests of $731.34 million for the first quarter of its financial year ending 31 March 2010, thanks to its Retail Banking business. This represents an increase of 27 percent over its previous corresponding quarter and annualised earnings per share of $.1074 and post-tax return on equity of 13.1 percent.
Metrobank trims costs 6.7% to post 11% profit increase
Metrobank President Arthur Ty says his bank will continue to cut costs to boost the bottom line, and it's working.
Thai gov't puts Siam City on the block
And the government considers waiving 49 percent rule to allow foreign banks to take a controlling stake.
Wing Hang profits down by 45.4%
Wing Hang Bank blames unemployment and shrinking trade for its 45.4 percent decrease in profits for the first half of 2009.
HSBC's stake in Bank Ekonomi now 98.96%
HSBC has completed a mandatory tender offer for the remaining 10.11 percent of the Bank Ekonomi shares held by the general public.
Fubon's net profit for 1H09 down by 60%
Fubon Bank and its subsidiaries reported a net profit of US$13 million for the first six months ended 30 June 2009. The global financial crisis and the ensuing recession that emerged from the fourth quarter of 2008 continued to weigh heavily on Hong Kong's economy and had negatively impacted on the Bank's earnings.
KTB eases payment terms, boosts 2H09 lending
KTB anticipates approving loans of not less than US5.2 billion in the second half of the year.
Kookmin profit falls on deposit rates
A slew of high yield term deposits sold by Kookmin say its net interest margin fall by half a percent in Q2 and profit slump over 60 percent.
"We don't need your guarantee": ANZ
Aussie Banks ready to wean themselves off the government guarantee on wholesale bank lending, ANZ Chief Mike Smith says.
Honey, I shrunk the bank
India's ICICI Bank may have posted a profit last quarter, but deposits shrunk 6.4 percent even as it increased branches by 13 percent and its rivals gained deposits.
HSBC: We have passed the worst
HSBC Chairman Stephen Green says the bank has passed the bottom in the cycle in financial markets as the bank saw net income fall over 50 percent to $3.35 billion.
RBS Weath in Singapore sold to ANZ
After months of negotiations, ANZ has been confirmed as the buyer of RBS' wealth and retail operations in Singapore, Indonesia, Taiwan, and Hong Kong for $687 million.
State Bank of India profits up 42% to $481 million
It’s good news for now as India's largest bank adds branches in rural areas and gaining market share against rivals like ICICI.
Aussie banks cut fees
First it was the NAB. Now the big four aussie banks are looking at cutting account withdrawn fees to appease customers.
SCB, FTI extend capital support to entrepreneurs
The SMI Capability Enhancement Project is offering financial support of up to US$2.938 million per entrepreneur for the second year.
ICBC first to be ISO 9001:2008 certified in China
The British Standards Institution approved the transition of ICBC Bill Business Department's certification from ISO 9001:2000 to ISO 9001:2008. The achievement marks the 7th consecutive successful follow-up assessment of the Bill Business Department and its branches, which also makes it the first banking institution to be certified with ISO 9001:2008 in China.
Warning sounded on South Korean bad loans
South Korea's regulator has warned banks they have to act quickly to rein in bad loans as ratio hits four-year high.
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