Retail Banking
Wong is HSBC China's new Deputy CEO and Director
HSBC Bank China appointed Helen Wong as its new Deputy Chief Executive Officer and Director of the Board with immediate effect.
Wong is HSBC China's new Deputy CEO and Director
HSBC Bank China appointed Helen Wong as its new Deputy Chief Executive Officer and Director of the Board with immediate effect.
Hatton National Bank's profit up 13% to US$15.39 million
Increased earnings from fixed income securities and customer deposits pushed Hatton National Bank's net interest income up by 18 percent to US$61.67...
ICBC grows assets by pursuing Chinese clients overseas
By extending its overseas operating institutions to 15 countries, ICBC's overseas operating assets as of end of June grew to US$46 billion, increasing...
BPI first half net income up 38.4%
BPI turned in a net income of US$49 million in the second quarter 2009, bringing the first semester total to US$108 million, 38.4 percent over 2008...
Security Bank ROE up 20.76% for 1st half
Increase in loan portfolio and deposit base pushed Security Bank's Return on Equity to 20.76 percent. This is significantly higher than the Bank's 19...
DBS appoints Piyush Gupta as CEO
DBS has appointed veteran banker Piyush Gupta, 49, as Chief Executive Officer (CEO). A Singapore permanent resident, Gupta spent over two-thirds of...
Philippine GE Money now a Banco De Oro subsidiary
Banco De Oro has completed the purchase of 98.81 percent of the issued and outstanding common stock of GE Money Bank. At the same time, the Bank...
Capital markets, interests push UnionBank income up 83%
UnionBank credits its treasury business and interest earnings for the 83 percent surge in its first half income. The bank registered a profit of US$45...
UOB profit drops 22% to $328 million
Provisions for bad loans almost trebled USD$310 million as chairman Wee Ee Hong said he was more upbeat.
Metrobank trims costs 6.7% to post 11% profit increase
Metrobank President Arthur Ty says his bank will continue to cut costs to boost the bottom line, and it's working.
Thai gov't puts Siam City on the block
And the government considers waiving 49 percent rule to allow foreign banks to take a controlling stake.
Wing Hang profits down by 45.4%
Wing Hang Bank blames unemployment and shrinking trade for its 45.4 percent decrease in profits for the first half of 2009.
BEA expands in Taiwan via wealth management
The Bank of East Asia opened its its newly-formed and wholly-owned wealth management services subsidiary in Taiwan.
HSBC's stake in Bank Ekonomi now 98.96%
HSBC has completed a mandatory tender offer for the remaining 10.11 percent of the Bank Ekonomi shares held by the general public.
Fubon's net profit for 1H09 down by 60%
Fubon Bank and its subsidiaries reported a net profit of US$13 million for the first six months ended 30 June 2009. The global financial crisis and...
Kookmin profit falls on deposit rates
A slew of high yield term deposits sold by Kookmin say its net interest margin fall by half a percent in Q2 and profit slump over 60 percent.
Kbank 1H09 profit down to US$220.5M
Kasikornbank and its subsidiaries recorded a net profit of US$220.5 million for the first half of 2009. The said net profit is 13.83 percent lower...
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