Retail Banking

Shinhan fourth quarter profit down 44% to $328mn

The lender still on hunt for CEO as acting Chair and CEO Ryoo Shee-yul is not included on the list.

Shinhan fourth quarter profit down 44% to $328mn

The lender still on hunt for CEO as acting Chair and CEO Ryoo Shee-yul is not included on the list.

Westpac provides emergency banking in Tully, Caldwell

Westpac has set up an emergency banking relief service in Tully for Cyclone Yasi -affected customers. This will allow them to cash emergency relief...

DBS appoints senior private bankers for Indonesia team

The bank assigns Stanley Puah and Tan See Wee to increase Indonesian team by 25%.

HDFC Bank offers salary accounts for Indian Army

Aside from $11,039 free life coverage, salary account’s other features includes pension accounts, wealth advisory services, as well as debit and...

Shinhan Financial's Q4 net up 42.2%

Shinhan Financial Group's net income stood at US$329.9 million for the October-December period. Compared with  with the US$232 million for the same...

KEB Q4 net falls 22.8 %

Korea Exchange Bank's earnings sank 22.8 percent in the fourth quarter from a year earlier due to a non-interest loss and rising costs.

Indonesian banks lag behind in ASEAN

A number of efficiency indicators reveal that Indonesia’s banks are still far behind in the ASEAN.

Indonesia extends deadline for single bank ownership

Indonesia will delay an end-2010 deadline requiring investors to own only a single bank.

Indian Overseas Bank seeks Gulf expansion

The lender is planning to raise $1bn via medium-term notes in various tranches to increase its Tier-I capital in compliance to Basel II capital...

Hana nears completion of funding for KEB acquisition

Hana’s KEB takeover is still subject for Korea’s financial regulator’s approval.

3 Indian banks forms $58.4mn JV in Malaysia

Should Malaysian regulator approve the BoB, IOB and Andhra JV, the operations will start in June.

Chinese banks eyes growth during 12th Five-Year Plan

China banker said consumer credit, asset management and credit cards businesses would prosper over the next few years.

BII rebounds with $51.7M net profit

BII reported a net profit of US$51.7 million for the full year of 2010.

Techcombank gains $140.9M in 2010

Techcombank bank reached a total pre-tax profit of US$ 140.9 million and total asset value of 7.68 billion, in a year-on-year increase of 62 per cent...

Vietinbank sells 10% stake to IFC for $182M

The IFC will invest about US$182 million in equity and US$125 million in subordinated debt in VietinBank.

Bank of Maharashtra records 42.9 profit growth

Bank of Maharashtra's operating profit for the third quarter of current financial year stands at US$172.7 million.