Retail Banking
Bank Rakyat expects profits to reach RM2 B
Bank Rakyat expects its profit before tax and zakat to reach RM2 billion for its current financial year ending Dec 31, 2011.
Bank Rakyat expects profits to reach RM2 B
Bank Rakyat expects its profit before tax and zakat to reach RM2 billion for its current financial year ending Dec 31, 2011.
Rough times ahead in Australia banking system
Yet Prime Minister Julia Gillard stressed local banks have only marginal exposure to the euro-zone woes.
Vietinbank gains VND4.4T profit before tax in Jan-Aug
VietinBank-CTG gained 87% of the year's profit plan based on its recently released report on performance for the first eight months of this year.
Saigon Bank allowed to hike chartered capital to VND3.5T
The State Bank of Vietnam’s governor Nguyen Van Binh approved Saigon Bank's application to scale up its chartered capital in 2011.
AmBank Group to introduce ANZ's Signature Priority Banking
AmBank Group and ANZ have signed an MoU to introduce ANZ's Signature Priority Banking service to AmBank and AmIslamic Bank's affluent retail banking...
Bank Islam targets 100,000 depositors for junior account
Bank Islam Malaysia Bhd expects to attract 100,000 depositors and deposits of RM50 million within the first year of the launch of Al-Awfar Junior...
UBS names Edmund Koh as CEO Singapore wealth management unit
Koh has twenty years experience in financial services including reorganision of Ta Chong Bank.
Maybank expects revenue to fall in 2011
The slump in performance of key economies around the world seen to drag down lender’s profits.
DBS launches new savings plan for US and Australian dollars
Customers may get a rate of 1.68% for the US dollar plan and 6% for the Australian dollar.
Maybank and YES BANK establish ties
The alliance seen to step up trade and investment between India and South East Asia.
China's Big Four see huge outflows
Sources suspected that a large chunk of the $65.75bn deposits have flowed to the high-yielding private lending markets.
China seen to lift suspension of city banks’ expansion
The regulator to assess lenders' interregional expansion after more than 30 of them have expanded beyond their home provinces.
Commonwealth Bank confident on weathering crisis
The lender’s chief believe influx of retail deposits would protect Australian banks against higher funding costs.
Bank of China sets up first overseas commodity units in Singapore
This is the first time that a Chinese commercial bank has established such business overseas.
Korea savings bank suspensions push deposits up
Thed suspension of ailing savings banks stirred investors to seek safer financial institutions inn Korea resulting to an increase in news deposits...
Commonwealth Bank of Australia appoints 2 senior executives
The lender gave weight to Grahame Petersen’s strong strategic skills and Annabel Spring’s extensive global banking markets and wealth management...
Westpac appoints Peter Hanlon, as group executive transformation & productivity
Christine Parker will take over group executive human resources post vacated by Hanlon.
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