News
Strong demand for PNB tier 2 notes
Philippine National Bank has raised US$82.8 million to finance asset growth and to allow it to maintain a strong capital base.
Strong demand for PNB tier 2 notes
Philippine National Bank has raised US$82.8 million to finance asset growth and to allow it to maintain a strong capital base.
Sri Lanka's Union Bank pre-tax profit up 28%
Union Bank reported an operating profit on ordinary activities before tax of Rs. 158.6 million.
Suspended Korean savings banks raided over alleged irregularities
Prosecutors have raided four savings banks to investigate alleged irregularities that led to their suspension a day earlier.
HSBC sees Philippines as major renminbi market
HSBC’s push to become the largest international renminbi bank also targets the Philippines.
Baroda hopes to maintain net interest margin at 3.41-3.61 %
Bank of Baroda hopes to achieve a net interest margin in the range of 3.41-3.61 percent in the current financial year.
Vijaya Bank focuses on low-cost deposit base
Vijaya Bank will focus more on increasing its low-cost deposit base as it aims a 20 percent growth in overall business.
Malaysia's CIMB to expand in Australia
The CIMB Group will start business in Australia after acquiring majority of RBS's Australian business.
Ratnakar Bank to add 50 branches this fiscal
Ratnakar Bank is targeting to add around 50 branches this fiscal with a majority outside Maharashtra.
StanChart on track for 10th year of record earnings
Asia-centric Standard Chartered PLC expects its income to rise by over 10% this year.
Woori Finance's net up 33% in Q1
Woori Finance's first-quarter net jumped 33 percent to 668.6 billion won or US$590.8 million from 502.6 billion won last year.
ANZ posts record profit on expanding China business
The Australia and New Zealand Banking Group Ltd reports a record profit of US$3 billion in its first-half ending March.
Bank Jabar enjoys 21% lending growth
Bank Jabar reported a 21 percent increase in lending in the first quarter of the year.
Habubank shareholders okay merger with SHB
Habubank’s shareholders have approved the plan to merge with Saigon-Hanoi Commercial Joint Stock Bank.
India in denial over S&P downgrade of financial system
India seems hesitant to accept the reality of a negative rating from Standard & Poor's.
Vietnam's ACB posts $35M net in Q1 2012
ACB reported a net interest income of 1.651 trillion dong in the first quarter of 2012, increasing by 29 percent over the same period last year.
Nepal Bank gets govt approval to sell fixed assets
The government of Nepal has allowed Nepal Bank to sell fixed assets to replenish its capital.
Sri Lanka's Seylan Bank ups Q1 net profit by 59%
Seylan Bank reported a net profit-after-tax of Rs. 406.8 million or US$3.129 million in Q1 of 2012.
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Why Philippine banks, insurers embrace hyper-personalized services
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