Retail Banking
Kookmin Bank poised to achieve pre-crisis profits in 2011
Costs incurred from massive job cuts and other factors cut down the lender’s profit to $10mn last year compared with $2.49bn in 2007.
Kookmin Bank poised to achieve pre-crisis profits in 2011
Costs incurred from massive job cuts and other factors cut down the lender’s profit to $10mn last year compared with $2.49bn in 2007.
A month left for the nominations in the upcoming Asian Banking and Finance Retail Banking Awards 2011
The Asian Banking and Finance Retail Banking Awards 2011 is now underway its process of nomination.
ANZ allowed to launch factoring services
ANZ Bank Vietnam has been allowed to launch factoring services, according to State Bank of Vietnam governor, Nguyen Van Giau.
China Everbright Bank's 2010 net profit up 67.4 %
China Everbright Bank's net profit is up jumped 67.4 percent to US$1.96 billion U.S. dollars for the 12-month period ended on Dec. 31. 2010.
Zainal Abidin is new CIMB chairman
CIMB Bank has appointed Datuk Zainal Abidin Putih as chairman of the board of directors.
Westpac to expand operations in Asia
Westpac Banking Corporation expand its business in Asia organically and through partnerships rather than acquisitions, according to its chief...
StanChart’s Korea Unit to maintain paying dividends
Despite 27 branch closures in 2011, the lender still has no plans to pull out of South Korea.
South Korea financial watchdog cautions on heated competition
The FSS advised South Korean banks to step up overseas expansion as local market is already saturated.
Woori Bank raises $500M through subordinated bonds
Woori Bank has raised US$500 million through dollar-denominated subordinated bonds.
EON Bank's new campaign designed to boost deposits
EON Bank will use a new campaign to grow its total customer deposits by 15.7 per cent this year.
China's CITIC Bank opens Singapore branch
The opening of its Singapore branch marks a major in implementing the international expansion strategy of China CITIC Bank Corporation Limited in...
CIMB targets ASEAN expansion
CIMB Group is eyeing mergers and acquisitions to expand its Southeast Asian franchise.
Indonesia's House of Representatives to look further into Citibank incidents
Indonesia's House of Representatives will inquire further into the death of a Citibank client, Irzen Octa.
Bank Islam ups stake in Sri Lankan bank
Bank Islam's stake in Sri Lanka's Amana Bank has increased to 20 per cent after an additional eight per cent acquisition.
Korea to keep banks from inflating assets
South Korea's Financial Supervisory Service will restrain local banks' attempts to excessively inflate assets. This is part of banks' startegy to...
Hana’s KEB takeover deal temporarily put on hold
The FSC plans to end the Lone Star chief Paul Yoo’s stock manipulation case within the month.
RHB targets July completion of deal with Bank Mestika
The Malaysian lender seeks pending regulatory approval from Indonesia as Bank Negara Malaysia has already approved the deal last January.
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