News

Merger creates Japan's biggest trust bank

Three Japanese trust banks have been merged last Sunday to create the nation 's biggest trust bank.

Merger creates Japan's biggest trust bank

Three Japanese trust banks have been merged last Sunday to create the nation 's biggest trust bank.

Union Bank to focus on retail lending

Union Bank will focus on retail lending and aim at improving customer service, says its new CMD, D Sarkar.

Indonesia's BCA to add up to 3,000 ATMs this year

BCA will add between 2,500 to 3,000 ATMs throughout the country this year, according to its executive director Jahja Setiatmadja.

BDO to raise $1B core capital through rights offer

BDO Unibank Inc would raise $1 billion addtional capital through a rights offer.

CIMB poised to become Asia's largest investment banking franchise

Will it be able to topple Credit Suisse as it acquires Royal Bank of Scotland?

DBS inks a deal with Fullerton to acquire Bank of Danamon's major stakeholder

DBS plans to acquire remaining less than 30% listed shares from minor shareholders through amandatory tender offer of IDR7,000 per share.

Nepalese banks' credit flow down by 5%

The credit flow of 32 Nepalese commercial banks to various sectors dropped 5 percent in the first seven months of the current fiscal year.

Kiatnakin Bank's merger with Phatra to be finalised by August

Kiatnakin Bank plans to complete its merger with Phatra Capital by August, with revenue from the integrated business to be recognised by the fourth quarter.

ICBC records record high net profit in 2011 amid growing bad loans

ICBC's net profit for January to December period gained 26% to CNY208.27 billion or US$33 billion from CNY165.16 billion.

DBS mum on pursuing Bank Danamon shares

Investors have expressed interest in buying a stake in Bank Danamon from its controlling shareholder.

OCBC NISP eyes $163.5M through rights shares offering

OCBC NISP is looking to raise Rp 1.5 trillion or US$163.5 million  to strengthen its capitalization and extend loans by offering rights shares.

Vietnam bank merger deals expected to mushroom

State Bank of Vietnam's efforts to speed up the bank restructuring process is expected to lure five to eight banks in mergers this year.

China Construction Bank posts 25% net profit growth

China Construction Bank registered a 25.48% growth in its $26.89 billion net profit in 2011.

Top Chinese banks post embarrassingly high profits

Seven of China’s leading banks lean on interest income to book record profits.

Bangkok Bank assists international clients with Indonesian branch

Bangkok Bank opened its 26th foreign branch in Surabaya, Indonesia to help international business clients deal with international transactions and loans.

Viet Capital Bank targets 17% credit growth

Viet Capital Bank is targetting a credit growth target of up to 17 percent, according to its business plan for 2012.

Philippine banking system quite profitable

Its rising incomes should see Philippine banks lend more as the Philippine economy continues on its growth curve.