Retail Banking
Taishin Financial maintains interest for insurance sector
The company became more driven to acquire life insurance firm after losing bid to buy MetLife Taiwan.
Taishin Financial maintains interest for insurance sector
The company became more driven to acquire life insurance firm after losing bid to buy MetLife Taiwan.
BPI takes over ING Manila unit
38 employees of ING Bank Manila's trust department will be absorbed as a separate division under BPI, which became the manager, adviser and...
Chinatrust Financial buys MetLife Taiwan for $180mn
The move will expand Chinatrust’s capability to offer insurance and diversify its revenue sources.
ICBC fourth quarter profit up 32% to $5.7bn
Rising interest rates have helped China’s “Big Four” banks record double-digit profit surge.
Union Bank of India plans to enter wealth management business
The lender to begin scouting for a partner to offer wealth management products and services after the next 5-6 months.
DBS private bank names Lawrence Lua Southeast Asia head
The lender expects the former Julius Baer banker the experience it needs to tap the booming private banking business in Southeast Asia.
China: Getting to the retail banking customer
Rebalancing growth
TrustBank targets 80% growth in profit
TrustBank's business targets in 2011 include hiking its chartered capital to 5 trillion dong, up 66.7 percent over 2010.
HSBC Vietnam gains $69.7M pre-tax profit
HSBC in Vietnam earned a pre-tax profit of $67.9 million in 2010, a year-on-year increase of 38 per cent against the figure previous year.
China banking system stable, says Moody's
Moody's said the outlook for China's banking system is stable over the next 12 to 18 months. It added that the country's banks have adequate...
Malaysian Banks expected to maintain ROE with Basel III
Accenture expects Malaysian banks to maintain their return on equity after implementation of Basel III.
NAB Private Wealth names 2 new private bankers
The company expects Michael Parsons and Anna McCreery to bring outstanding expertise in financial services and wealth management.
Industrial Bank plans $7.62bn bond sale
The lender to use proceeds to increase stake in Union Trust to 56%.
Woori hungry for more savings banks acquisitions
The lender plans to buy one to two additional savings banks to tap microcredit finance business.
Kookmin Bank sells 0.65% of parent company’s stake to Sumitomo Mitsui
The Korean lender offered 2.5mn shares in KB Financial to Sumitomo at $50.53 per share.
EON Bank on hunt for new chief
The lender to find replacement of Michael Lor through talent search companies.
ACB increases online dong deposit rate
ACB adjusted the dong demand saving rate for its online savings with a highest level of up to 9.6 per cent per year.
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