News
UOB keen on China expansion and takeovers
The lender wants a long-term commitment in its growth in China without rushing things.
UOB keen on China expansion and takeovers
The lender wants a long-term commitment in its growth in China without rushing things.
Westpac starts $1bn campaign to boost business
The bank intends to lend one billion dollars to local businesses in the next six weeks with perks and incentives.
Bladex picks Mizuho and Chang Hwa to arrange $165mn syndicated refinance
Mizuho has also arranged a number of other cross-border syndicated loans for its clients in the Americas last year.
ICICI Bank unveils second Singapore branch
The lender would further concentrate on enhancing its presence in the corporate, commercial and wealth management businesses in Singapore.
ANZ gears up to buy Aozora Bank
The lender believes Japan offers opportunities for the group as the Japan’s hefty savings could help transform the Australian bank's structural dependence on offshore borrowing.
Central Bank of India launches special deposit product
‘Cent Double’ scheme will give an annualised yield of 13.33%, valid between September 1 and December 31.
Westpac posts sluggish private credit growth
The lender’s senior economist said the 0.2% growth as "sub-par".
Australian banks face tightening online competition
Small online are among those offering standard variable interest rates a full percentage point below those offered by bricks-and-mortar bank rates.
RBS Seoul cautioned for breaching banking rules
RBS Seoul was found brokering transactions between its London headquarters and a local asset manager worth 60 million U.S. dollars without a required license between Feb. 22 and March 11.
CIMB Islamic Bank anticipates up to 19% loan growth
CIMB Islamic Bankexpects a moderate total loan growth of between 15 per cent and 19 per cent for financial year 2011.
South Korea in tight watch of increasing dormant credit cards
Dormant credit cards, now about one fourth of the total issued, is on the rise in South Korea due to excessive issuances.
Temasek buys CCB shares for a whopping $2.8b
Temasek bought 4.4 billion shares of the Chinese lender, increasing its stake to 8.1%.
Japanese megabanks suffer from biggest swap declines after downgrade
Moody’s reduction to the country’s debt grade was the first in nine years.
Laos' BCEL experiences increased net profits
Banque Pour Le Commerce Exteriour Lao Public have experienced an increased net profit from 92.2 billion kip last year to 156.1 billion kip in the first six months.
Vietnam to impose ATM wage payments
Direct wage payments to employee bank accounts linked to automatic teller machine cards may be written into law, indicated the Department of Labour-Salary.
Maybank benefits from re-focus to domestic growth: report
Maybank is benefiting from a re-focus to domestic growth for both corporate and consumer amid a volatile global market, Citi Investment Research said.
Thai banks have limited overseas exposure
Local lenders enjoyed 35% revenue rise in the first half of this year amidst global economic woes.
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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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