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PG Bank posts VND608B pretax profit in 2011
PG Bank reported a pretax profit of VND608 billion in 2011.
PG Bank posts VND608B pretax profit in 2011
PG Bank reported a pretax profit of VND608 billion in 2011.
Vietnam ATMs overwhelmed by numerous users
Vietnam's banks have to intensify measures in coping with a sudden surge in withdrawals at their ATMs.
RHB upbeat on OSK's regional branches
RHB Capital hopes to get Bank Negara's nod to a proposed merger with OSK Holdings by the early second quarter.
Singaporean banks asked to speed up security implementation
MAS urged banks to quickly implement new measures to enhance the security of the retail payment infrastructure.
Bankers beware: World economy faces catastrophic 2012
Europe stands poised to drag the world into another recession.
Tycoon may dispose Muamalat to buy car firm: observers
Industry players are speculating that Tan Sri Syed Mokhtar AlBukhary may sell Bank Muamalat to raise RM3 billion for the purchase of Proton Holdings.
BSN to undergo RM100 M business model transformation
BSN has tapped HeiTech Padu Bhd, BML Istirehat and Juris Technologies in embarking on a RM100 million Core Banking Replacement Programme.
CIMB eyes Laos
CIMB Group would apply for a banking licence in Laos in its bid to cover all Asean markets.
Malaysia expects growth for SME banking
The government forecasts the contribution of SMEs to the gross domestic product to rise to 41% in 2020.
Many Vietnamese banks earn trillions of dongs in 2011
Many Vietnamese banks have announced profits of trillions of dong in 2011 despite the many challenges. However, many banks say that these profit levels are not high in comparison with their equity size.
More money in the bank awaits IT providers
Retail banking IT spending in Asia-Pacific is pegged to increase by over US$7bn.
Japanese banks fearful of sanctions on Iran
Japanese banks, already reeling from the country’s massive debt, fear international sanctions on Iran could deliver a “big blow” to their system.
Mitsubishi UFJ’s growth plan focuses on China, Indonesia and Australia
The bank will expand its retail lending, private banking and asset management businesses, with a special focus on China, India, Indonesia and Australia.
ICBC focuses on extending credit loans to SMEs in 2012
ICBC will aggressively extend the "Small Convenient Loan", credit loans to small and micro enterprises, in areas in China where a lot of small and micro enterprises located.
Desperation begins to set in as banks continue dumping loan assets
The mighty continue to fall victim to the ever-worsening fund drought.
Funding pressures to hammer banks in 2012
The ongoing financial crisis in Europe will raise regulatory pressure on capital and liquidity for banks and insurers this year.
Philippines expects loan growth in 2012
The Bankers' Association of the Philippines (BAP) believes demand for loans will grow by 15% to 20% this year because of the country’s sound macroeconomic fundamentals.
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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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