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SPD Bank ups profits by 42%
Rising net interest incomes, commissions and lower operation costs pushed the earnings of Shanghai Pudong Development Bank up 42.28% year-on-year.
SPD Bank ups profits by 42%
Rising net interest incomes, commissions and lower operation costs pushed the earnings of Shanghai Pudong Development Bank up 42.28% year-on-year.
DBS Indonesia's net profits surge 74.4 % to $41.8M
PT Bank DBS Indonesia posted a 74.4 percent increase in net profits to Rp 384 billion or US$41.8 milion in 2011.
HSBC denies exit plans from Bangladesh, Pakistan, NZ and Phiippines
HSBC dismissed a Financial Times report saying it plans to scale back or even exit certain Asian countries to concentrate on core areas.
What to do with US$120 billion in Eurozone assets?
Mitsubishi UFJ Financial Group ponders what it needs from among US$120 billion in unwanted European assets on its doorstep.
West Java's Bank BJB grows lending by 21.5% to $3.13 B
Bank BJB’s lending grew by 21.52 percent last year to Rp 28.76 trillion or US$3.13 billion.
Bank Mega books over $109M net income despite sanctions
Bank Mega's net income went up 12 percent from the previous year to more than a Rp 1 trillion or US$109.3 million.
Standard & Poor’s takes a dim view of Indian banks
All won’t be well with India’s banks until after next year at the earliest.
Khazanah Nasional takes a huge chunk of CIMB Group
Malaysia’s Khazanah Nasional triples its ownership in CIMB Group Holdings Bhd, one of Malaysia's leading banks.
Sri Lanka's NSB posts 16% deposit growth
The National Savings Bank recorded a 16% deposit growth in 2011, with its deposit base surpassing the Rs. 400 billion or US$3.2 billion mark.
Sri Lanka's Sampath Bank gets $62.5M syndicate loan from India
Sampath Bank will infuse capital to support the fund base by securing a US $ 62.5 million syndicate loan from India's Bank Mascat.
Techcombank's 2011 profit up 53% to $200M
Techcombank posted a US$200 million in 2011, an increase of over 53 per cent over 2010.
Philippine deposits surge to US$120 billion
The Philippine baking system showed robust deposit strength in 2011.
Bank Mandiri shifts focus from corporate to retail lending
Indonesia's largest banks will start chasing high yields from retail loans.
Subsidiaries help lift Mandiri profits
Bank Mandiri’s subsidiary business units contributed 12.73 percent to the group’s overall net profit in 2011 with a net profit of Rp. 1.56 trillion or US$170 million.
CIMB Niaga’s micro loans surge 352% to $130.9M
CIMB Niaga's micro lending segment surged 352 percent last year to Rp 1.2 trillion or US$130.9 million from Rp 271.9 billion in the previous year.
Morgan Stanley to do wholesale banking in Singapore
Morgan Stanley’s wholesale banking license allows it to expand its lucrative wealth management business and boost lending.
BIDV to sell 15% stake to chosen strategic partners
BIDV together with its consultant Morgan Stanley will actively negotiate to sell shares to foreign strategic partners with about 15 percent stake.
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Why Philippine banks, insurers embrace hyper-personalized services
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Industry experts push for the rapid progress of unified customer data as a starting point.
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