Retail Banking
CIMB’s net profit grows 9.3% to RM1.8b in 1H 2011
For 2Q11, the Group’s net profit of RM970m was 5.8% higher than 1Q11.
CIMB’s net profit grows 9.3% to RM1.8b in 1H 2011
For 2Q11, the Group’s net profit of RM970m was 5.8% higher than 1Q11.
Techcombank to raise charter capital via new shares
Techcombank plans to raise its charted capital to VND8.79 trillion from current VND6.93 trillion through issuing 185.59 million new shares.
Maybank registers record profit of RM6.27B
Maybank's group profit before tax increased to RM6.27 billion for the year ended June 30, 2011.
CCB post operating income of $30B for 1st half
China Construction Bank realized an operating income of 197.246 billion yuan or around US$30.82 billion for a year-on-year increase of 28.31 percent...
Bank of Communications' first half profit up 29.67%
Bank of Communications recorded a first half profit increase of 29.67 year-on-year, helped by a widened net interest margin and higher commission...
ANZ Bank has momentum for another record profit
ANZ Bank will likely raise its full-year earnings growth to another record profit.
Job cuts and outsourcing in Westpac loom
The move will likely boost the lender’s productivity and reduce cost as it expect slow growth period to extend.
State Bank of India has $354mn direct exposure to EU market
Yet the state-run lender stressed that it has no exposure to the region’s sovereign bonds.
MBK Partners faces two rivals in bidding for Woori
Goldman Sachs and Canada Pension Plan joined MBK in its attempt to seal South Korea’s biggest banking privatization deal.
Indonesia central bank: Curbing foreign investment not our intention
Bank Indonesia’s bank ownership limit aimed to foster good governance in banking after fraud cases surfaced.
Minsheng Banking first half profits up 57%
Rising incomes from loans and fees pushed China Minsheng Bank's first-half profits up by surged 56.98 percent.
Malay banks resilient to US, Euro financial crisis: Maybank CEO
Maybank President and CEO Datuk Seri Abdul Wahid Omar says that the Malaysian banking sector will not be affected by the on-going financial and debt...
Bank of America finds difficulty in divesting CCB stake
Once valued at $20bn, the BofA stake is now seen to be worth several billion dollars less.
OSK-UOB starts offering Taiwan opportunity fund
With a minimum investment of $336, the fund gives investors opportunities to benefit from Taiwan’s economic growth.
Indonesia central bank bans M&As in domestic lenders
The country’s banking industry has been thrown into confusion since Bank Indonesia mulls new limits on bank ownership.
Central Bank of India and Chola MS General Insurance join forces
The bancassurance tie-up will offer simple and technology-enabled customized products.
Phillipines central bank: Lenders still stable amidst uncertainty
The BSP attributes low incidence of problem loans to the adoption of prudent lending standards.
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