Retail Banking
Malaysian court junks suit blocking EON acquisition
Primus to appeal against court decision that clears way for EON to accept Hong Leong $1.7bn takeover offer.
Malaysian court junks suit blocking EON acquisition
Primus to appeal against court decision that clears way for EON to accept Hong Leong $1.7bn takeover offer.
Bank Rakyat Indonesia first quarter profit up 52% to $378mn
Strong growth loan has prompted analysts to estimate the bank’s 2011 profit to surge 13% to $1.51bn.
China Minsheng Bank first quarter profit up 45.5%
The lender’s revenue up 37% to $2.64bn while its net interest income soars 32.8% to $2.06bn.
China regulator belies enforcement of stricter capital rules for big banks
CBRC requires the Big 5 to keep a minimum capital adequacy ratio of 11.5% based on the Basel III global regulatory framework.
China and Taiwan banking regulators talk about opening markets
Representatives from both parties will conduct regular bi-annual meeting to gradually clear obstacles on Cross-Strait Banking Supervision Cooperation...
China big banks receives higher-than-expected profits
ICBC surpasses first-quarter profit performance of JP Morgan, most profitable bank in the US, by 49%.
DBS Bank starts offering mortgage-linked insurance
Policy holders can receive payments for death and permanent incapacitation, as they can get up to 40% of the total coverage if they incurred a major...
India’s state-run lenders step up hiring of personnel
A study revealed that state-run banks would need 500,000 employees over the next 10 years to maintain their competitive edge.
Woori Finance net profit down by 50.6 %
Woori's first-quarter earnings fell by 50.6 per cent from a year earlier on an absence of one-off gains.
KB Financial net up 23.3%
KB Financial Group's first-quarter earnings rose 23.3 percent from 2010. This is due to improved interest margin and a fall in loan-loss reserves.
Bank Negara to establish Beijing office
Bank Negara Malaysia will put up a representative office in Beijing, China.
Techcombank aims for 46% 2011 growth rate
Techcombank is aiming for a 4 trillion dong profit in 2011, a year-on-year increase of 46 per cent.
TienPhongBank's anticipates pre-tax profit of VD460B
TienPhongBank has approved the 2011 business plan with expected pre-tax profit of 460 billion dong, increasing by 117 percent against the previous...
IBK's first quarter earnings up 50.7%
Industrial Bank of Korea's first-quarter earnings jumped 50.7 percent from last year. The bank ascribes the growth to increased interest income and...
DaiABank earns VD80.8B in first three months
DaiABank a total profit of 80.8 billion dong, equalling to 63 percent of the whole year profit in 2010.
Union Bank of India begins offering New Pension Scheme
The product is now available in 3,000 branches across the country to promote income security to the elderly to all sectors of the society.
Korea regulator may decline approval of Hana-KEB deal
Doubts on the merger surface as Financial Services Commission is reviewing whether Lone Star Funds is qualified to be Korea Exchange Bank's largest...
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