Retail Banking

Agrobank eyes $66M in deposits

Agrobank hopes to raise US$66 million in deposits through a six-month campaign beginning May.

Agrobank eyes $66M in deposits

Agrobank hopes to raise US$66 million in deposits through a six-month campaign beginning May.

Sumitomo Bank in Vietnam to increase capital by $470M

The State Bank of Vietnam approved the applications for additional capital increase of nearly $470 million by Sumitomo Mitsui Bank's HCM City and...

Philam Life takes over BDO PELAC stake

Philam Life bought 5% stake in PELAC a year after the former’s bancassurance agreement with BDO expired.

Bank of Baroda to hire 4,000 new personnel

The recruitment would bolster the lender, whose total business more than doubled in the last 3 years.

State Bank of India mulls $4.5bn rights issue next year

The delay is caused by the failure of approval from the federal government, which owns about 59 percent of the bank.

China Construction Bank fourth quarter $3.73bn profit below expectation

The lender’s falls short of the expected $4.17bn forecast and posted a $610mn impairment charge.

BOC's after tax profit up 28.52%

BOC achieved profit after tax of US$16.7 billion, a year-on-year growth of 28.52 per cent.

China Bank does away with initial deposits for OFW account

China Bank introduced a new peso savings account developed specifically for overseas Filipino workers.

Hua Xia Bank reports 59% surge in net profit

Hua Xia Bank's net profits in 2010 hit US$907.6 million, representing an increase of 59 percent from the previous year.

Maritime Bank to raise charter capital to $383M

Maritime Bank approved targets to reach total assets of US$7.18 billion and outstanding loans of US$2.76 billion in 2011. These figures are up 30 per...

VietA Bank increases cap to $148.4M

VietA Bank finalised the charter capital increase to US$148.4 million. With total assets reaching US$1.15 billion, the bank also saw its total...

HDBank to issue $258.7M worth of CDs

HDBank will issue US$258.7 million worth of Certificates of Deposits for both the dong and dollar. This will be applicable from March 24 to May 23...

Bank of Taiwan join forces with ICBC

The Taiwanese lender has already inked two separate pacts with Bank of China and Bank of Nanjing since China and Taiwan signed the Economic...

China Minsheng Bank releases $1.52bn subordinated bonds

$914.28mn of the bonds to mature in 10 years while $609.52mn in 15 years.

Westpac claims its asset quality improving

The lender said it has the lowest level of impaired assets among its peers as its watchlist and substandard loans declined.

Woori Bank names Lee Soon-woo CEO

The bank’s selection committee chose its vice-president to help acceleration of bank’s stalled privatization.

Hong Leong completes US$300mn senior unsecured bonds issue

The proceeds of the Senior Bonds, rated A3 by Moody’s and BBB+ by Fitch, would be used for working capital and general banking purposes.