News
ICBC's number of ATMs up to 52,000 by end of 2011
ICBC installed 11,000 ATMs last year to push its total number to 52,000 ATMs in service by the end of last 2011.
ICBC's number of ATMs up to 52,000 by end of 2011
ICBC installed 11,000 ATMs last year to push its total number to 52,000 ATMs in service by the end of last 2011.
European funds to continue retreat from Asia
An almost desperate need to bolster their balance sheets will ensure European banks will continue to lose leverage in Hong Kong and the rest of Asia.
Korean credit card spending up to KRW 540 T in 2011
Increase in card loans pushed South Korea's credit card spending to KRW540 trillion or US$478.5 billion in 2011.
Maybank targets double digit remittance growth
Maybank is targeting a double digit growth in the remittance business for financial year 2012.
Leading Philippine bank to go on M&A spree
Rizal Commercial Banking Corporation wants to buy more Philippine banks with nearly P5 billion.
South Indian Bank posts 36% rise in net profit
South Indian Bank reported a 36% net profit increase to Rs 102 crore in the quarter till December 2011.
European banks slow down lending in ominous omen
European banks have begun lending less to Hong Kong in December, fueling fears the Eurozone contagion could be worsening.
Punjab National's total business reaches Rs 6.21 lakh crore
Punjab National Bank revealed that its total business reached Rs 6.21 lakh crore at the end of the third quarter of fiscal 2011-12.
Kotak Mahindra Bank's Q3 net profit up 47%
Kotak Mahindra Bank posted a 46.96% increase in net profit with Rs 276 crore for the quarter ended December 31, 2011.
Indonesia bolsters safeguards vs money laundering
Indonesia has required dealers of vehicles, real estate, and precious metals to report single day transactions totalling 500 million rupiah and above.
Bank of Ceylon to expand premier banking services
Bank of Ceylon will expand its Premier Banking network.
Chairman denies knowledge of plans to sell Bank Muamalat
The chairman of Bank Muamalat is unaware of plans to sell his bank to finance a stake in Proton Holdings.
DaiABank triples pretax profit in 2011 with VND502B
DaiABank announced a pretax profit of VND502 billion in 2011, up 300% on year.
HK Banks resilient: HKMA official
Hong Kong's banks are coping with global economic uncertainty.
Vietnamese banks attracted to Cambodian market
A favourable business environment is urging many Vietnamese banks to invest in Cambodia this year.
LienVietPostBank posts VND1.1T pretax profit, up 45%
LienVietPostBankc announced a pretax profit of VND1.1 trillion as of Dec 31, 2011, up 45% from last year.
DongA Bank's pretax profit up 46.3% in 2011 VND1.255T
DongA Bank's pretax profit increased 46.3% to VND1.255 trillion in 2011.
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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.
Industry experts push for the rapid progress of unified customer data as a starting point.
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