Retail Banking

Public Bank posts $1.52 B pre-tax profit for 2011

Public Bank reported a 12.8 per cent increase in pre-tax profit for the financial year ended Dec 31, 2011 with  US$ 1.52 billion.

Public Bank posts $1.52 B pre-tax profit for 2011

Public Bank reported a 12.8 per cent increase in pre-tax profit for the financial year ended Dec 31, 2011 with  US$ 1.52 billion.

StanChart sees big opportunities in Chinese, Indian markets

Standard Chartered is encouraged by the policy outlook for India and China this year.

Thailand targets Australian banking investments

Thailand's commerce minister Kittiratt Na-Ranong urged Australian banks to buy stakes in, or enter local partnerships with, established banks in the...

Banking and finance pay highest salaries in Vietnam

Vietnam's Ministry of Labour, Invalid and Social Affairs has announced that labourers’ average salary reached US$182.54 per month in 2011.

Malaysian to lead Indonesian bank CIMB Niaga

CIMB Niaga, Indonesia's fifth-largest bank, has named Sri Nazir Razak to replace retiring president commissioner Mohd. Shukri.

Financial regulator approves Hana's takeover of KEB

South Korea's Financial Services Commission has approved Hana Financial's takeover of the Korea Exchange Bank.

Fitch gives Andhra Bank a negative outlook rating

Fitch revised Andhra Bank's outlook to negative.

Japanese invade Aussie banking industry

Three of Japan’s largest banks have begun a campaign to conquer at least 10% of Australia’s lucrative banking industry.

Citi to cut about 100 jobs in India

Citigroup Inc. will cut about 100 jobs in India while reiterating that the country remained among its highest priority markets.

Fitch revises Allahabad Bank's outlook to stable

Fitch Ratings has revised the outlook on Allahabad Bankto Stable from Positive.

South Indian Bank posts 36% rise in net profit

 South Indian Bank reported a 36% net profit increase to Rs 102 crore in the quarter till December 2011.

Punjab National's total business reaches Rs 6.21 lakh crore

Punjab National Bank revealed that its total business reached Rs 6.21 lakh crore at the end of the third quarter of fiscal 2011-12.

Bank of Ceylon to expand premier banking services

Bank of Ceylon will expand its Premier Banking network.

New directors appointed for CIMB Bank, CIMB Islamic

CIMB Group announced the appointment of new directors at CIMB Bank and CIMB Islamic Bank.

Chairman denies knowledge of plans to sell Bank Muamalat

The chairman of Bank Muamalat is unaware of plans to sell his bank to finance a stake in Proton Holdings.

DaiABank triples pretax profit in 2011 with VND502B

DaiABank announced a pretax profit of VND502 billion in 2011, up 300% on year.

LienVietPostBank posts VND1.1T pretax profit, up 45%

LienVietPostBankc announced a pretax profit of VND1.1 trillion as of Dec 31, 2011, up 45% from last year.