Retail Banking

Bangkok Bank reports 2010 net of $808M

Bangkok Bank and its subsidiary companies have reported a net profit of US$808 million for 2010, 19.9 percent higher than in 2009.

Bangkok Bank reports 2010 net of $808M

Bangkok Bank and its subsidiary companies have reported a net profit of US$808 million for 2010, 19.9 percent higher than in 2009.

Siam Commercial fourth quarter profit up 26%

Thailand economic growth seen to boost the bank's loan demand in 2011.

BoCom to raise $758mn for renminbi investment fund

The bank’s BoCom International Holdings (Shanghai) Co. will manage the fund that will further diversify its business.

China banks to issue subordinated bonds on financing pressure

Bank of Beijing, China Minsheng, Agricultural Bank of China (ABC) and the Industrial Bank issued bonds to supplement capital adequacy ratio.

Bank of East Asia starts offering derivative warrants

The lender committed to launching new investment products to keep pace with market developments and to enhance non-interest income.

Westpac’s CEO set to testify at senate competition inquiry

Gail Kelly is expected to follow her rivals to argue that Australian retail banking competition is strong.

Moody's raises FC deposit ratings of Indonesian banks

Moody's raised the foreign currency long-term deposit ratings of 10 Indonesian banks to Ba2 from Ba3. The revised ratings carry stable outlooks.

Kookmin to sell $147.42mn stake to POSCO

KB Financial is seen to engage in share exchange deals with two or three Korean conglomerates.

Chinatrust eyes acquiring Metlife Taiwan unit

Chinatrust sets its sight on Metlife after it failed to win AIG Taiwan unit bidding.

Union Bank of India offers new term deposit scheme

The new product is seen to further boost deposit growth after the bank’s 17% surge.

Union Bank of India starts offering Swiss bonds

UBI targets to raise more than $129.5mln following concerns that Indian companies may face rising borrowing costs after selling $11bl of overseas...