News
Bank Mandiri allocates $4.3 B for SMEs
Bank Mandiri is allocating about 4.3 billion U.S. dollars of loans to SMEs across the country this year,
Bank Mandiri allocates $4.3 B for SMEs
Bank Mandiri is allocating about 4.3 billion U.S. dollars of loans to SMEs across the country this year,
Sanima becomes India's 32nd commercial bank
Sanima Bank formally launched its operation as a category ´A´ financial institution, making it 32nd commercial bank in India.
Laos' BCEL reports higher profits in 2011
BCEL's initial unaudited profit for 2011 is a 70 percent increase over the 2010 audited figure.
Lao, Thai banks extend cross-border ATM services
Phongsavanh Bank and Bangkok Bank have signed and launched a cross border ATM link project with the Processing Center Company Limited.
Sacombank target of first banking takeover bid in Vietnam
A hostile takeover is brewing as Eximbank leads other shareholders of Sacombank in demanding a new management board.
HSBC Singapore aims ambitious: US$1 billion in profits
HSBC Singapore is 60% on the way to achieving its profit target of US$1 billion by 2016.
Indonesian state banks enjoy big jump in net profits
Three Indonesian state banks reported solid growth in their earnings in 2011 as lending rose substantially during the year.
Only 5 players dominate South Korean banking: data
Only five groups are dominating South Korea's banking industry, industry data showed.
Banco de Oro posts record profit
The Philippines’ largest bank in assets, loans and deposits reports record performance metrics for 2011.
BNI looks to boost Islamic banking business
The fourth largest bank in the world’s largest Muslim country wants to do more Islamic or “Shariah” banking.
Bank Islam, Takaful Malaysia push BIMB Holdings net profit up
BIMB Holdings' profit before zakat and taxation is up 47 percent to US$189.2 million for the financial period ended Dec 31, 2011.
Off items pull down Hong Leong Group's profit before tax by 34.4%
Hong Leong Financial Group's profit before tax decreased 34.4% to157.8 million for the first fiscal half-year ended 31 December 2011.
CIMB's net profit up 15.1% to US$1.3b in 2011
For 4Q11 alone, the Group’s net profit of US$374 million was 12% higher than 3Q11.
Asian growth pushes HSBC profits to $22B
HSBC made a $21.9 billion profit last year, the largest among western banks, as its strength in Asia helped it cope with a euro zone debt crisis.
BofA ramps up China expansion
America’s second largest bank wants to be among the Big Boys in China’s banking industry.
Maybank expects Indonesian unit to grow loans by 20%
Bank Maybank Indonesia expects lending to grow by 20 percent this year, according to a top executive.
Foreign banks to prop-up Indian SMEs
Foreign banks that today supply only 5% of India’s total lending will soon be required to provide some 40% of loans needed by small businesses and exporters.
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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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