Retail Banking
Bank of Baroda first quarter profit up 20% to $234.4mn
The lender minimises exposure to various projects and diversify risks.
Bank of Baroda first quarter profit up 20% to $234.4mn
The lender minimises exposure to various projects and diversify risks.
Bank Mandiri expects small loans surge by 25%
Indonesia’s average annual 6% growth opens up opportunities for more small loans.
Maybank takes over 84% stake in Kim Eng Securities Thailand
Maybank’s subsidiary had no plan to delist from the Thailand’s stock exchange as a free float of 15% was still held by retail investors.
Japan's big 3 set to expand overseas
The lenders capitalizes on stronger yen in quest to seek growth abroad as expected boost to loan demand from March quake is yet to materialize.
Punjab National Bank second quarter profit up 4%
The lender to acquire 30% of MetLife India Insurance to diversify its business.
China regulator: Loan provision of banks not enough
CBRC raised concern that $1.7 trillion of lending to local governments may trigger a series of bad debts that could lead to another banking bailout.
DBS returns to green with $610mn second quarter profit
Singapore lender DBS Group Holdings Ltd. says it returned to profit in the second quarter despite slumping fee and trading income.
Rakyat posts largest profit among Indonesian banks
Bank Rakyat Indonesia's January-June profit rose 57 percent to Rp 6.79 trillion or US$ 801 million from the same period a year earlier.
LienVietPostBank makes debut
LienVietPostBank made its debut in Hanoi on July 29.
Commonwealth Bank's new CEO may set eyes abroad for growth
The low-growth outlook for domestic banking seen to have caused Ian Narev’s appointment.
China Everbright Bank targets more key investors for Hong Kong stock sale
The lender seeks to sell at least 40% to funds, companies or wealthy individuals as it is expected to list in Hong Kong on Aug. 18.
Korea Eximbank to divest KEB stake
The sale to Hana of its 6.25% stake in KEB will earn KEXIM about $209.1mn in net profit.
Commonwealth Bank CEO Ralph Norris to retire in November
The lender recorded maximum profit amidst turbulent times under Norris’ leadership.
Military Bank gets Deloitte's managerial expertise
The Military Bank signed a strategic contract with Deloitte Viet Nam for support in corporate governance and minimise business risks.
Narev appointed CEO of Commonwealth Bank of Australia
Commonwealth Bank of Australia chairman David Turner appointed Ian Narev as new CEDO to replace Ralph Norris who will retire in November.
Taiwan Cooperative Bank and BoComm ink pact
TCB and BoComm to work hand-in-hand to provide banking services as the former sets its sight on the Chinese banking market.
Hana Financial second quarter profit up 27.3%
Yet its sales dipped 28.4% as the bank’s net income soared by 141.6% to $457.7mn.
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