Retail Banking
PNB net income up 61%
Higher non-interest income and trading gains pushed PNB's net income 61 per cent higher. The bank recorded an US$82 million net income in 2010 from...
PNB net income up 61%
Higher non-interest income and trading gains pushed PNB's net income 61 per cent higher. The bank recorded an US$82 million net income in 2010 from...
Siam Commercial Bank sees better first quarter profit
The lender bank sought to finalize deal for a possible merger in the petrochemical sector worth $2bn.
Bank Mandiri and AXA to buy ADB insurance
The deal will make Bank Mandiri owner of 60% of ADB’s shares while AXA will control the remaining 40%.
Kookmin Bank readies block sale of parent’s stake
Yet reports said private placement was possible rather than a block deal for the lender to unload its stake in its parent by September.
Suspended Korean savings banks to be sold
Korea’s deposit insurance agency will put most of the seven suspended savings banks up for sale. This is part of Korea's efforts to revamp the ailing...
SCB targets 75.5% after-tax profit increase
SCB is targeting an after-tax profit of US$23.39 million in 2011, up 75.5% from US$13.3 million last year. This was recently approved by its general...
Sumitomo Mitsui to begin Malaysia operations April 11
Sumitomo Mitsui Banking Corp announced that that its subsidiary in Kuala Lumpur will begin operations on April 11.
China Merchants Bank 2010 profit up 41.3% to $3.93 billion
The lender’s capital adequacy ratio rose to 11.47% in 2010 from 10.45% at end 2009.
China Merchants Bank mulls capital boost via external sources
The bank aims to grow its loans by 16% in 2011 as its capital adequacy ratio is lower than that of its major rivals.
Former Minister complains of too many banks in Malaysia
Former Finance Minister Tun Daim Zainuddin feels there are now "way too many banks" in Malaysia.
Taiwan's good GDP to boost banks' growth
Taiwan's stable economic outlook and the gradual rise in interest rates could give a modest boost to local banks' net interest margins in 2011.
Bank Rakyat gets go signal to increase share capital
Bank Rakyat received Bank Negara Malaysia's approval to increase its share capital from two billion to three billion.
Bank of Baroda to add branches in New Zealand
Bank of Baroda will expand its banking operations in New Zealand with two new branches in Auckland and Wellington.
Maritime Bank to prioritize SME loans
Maritime Bank will prioritize lending to corporate clients, especially SMEs.
MegaBank Ho Chi Minh raises capital by 6 times
Mega Bank’s Ho Chi Minh branch has been allowed by the State Bank of Vietnam to raise its charter capital to $90million from $15million.
China keen on establishing currency settlement scheme with Taiwan
The move aimed to further boost business of China in Taiwan as economic exchanges across the Taiwan Strait are increasing daily.
Public Bank appoints Tang Wing Chew director
Tang has 45 year experience in financial services industry, starting as a Bank Negara Malaysia assistant economist.
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