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Minsheng awaits govt approval for financing plan
China Minsheng Banking Corp's current capital level will still meet operational needs for this year even if the government rejects its financing plan.
Minsheng awaits govt approval for financing plan
China Minsheng Banking Corp's current capital level will still meet operational needs for this year even if the government rejects its financing plan.
ICICI fined Rs 25,000 for wrongly deducting customer's account
ICICI Bank has been asked to pay a fine and return the amount deducted from a customer.
CIMB's loan growth decelerates
Hong Leong Investment Bank cut its forecasts for CIMB Group's financial years 2011-2013 by 5.2-5.6 per cent due to lower-than-expected loan growth, non-interest income and net interest margin.
Bank of Communications discloses $67mn in soured loans
The lender’s total bad loans reached $906.53mn in the first half of 2011, an increase of $83.62mn from a year ago.
Bank Danamon plans offering 1.16bn rights shares
The rights issue’s proceeds targeted to increase lending in small-to-middle sized businesses and the automotive sector.
Bank Mandiri gets nod to launch China operations
In Shanghai, the lender will provide corporate fund collection, corporate loan distribution, export import trade transactions and remittance services.
DBS makes the most out of Facebook
Uses the social networking site as venue to offer promotional and marketing tool.
Bank of Ayudhya keen on digital banking
The lender’s aims to double the share of internet transactions to 10% by 2013.
Techcombank to raise charter capital via new shares
Techcombank plans to raise its charted capital to VND8.79 trillion from current VND6.93 trillion through issuing 185.59 million new shares.
Maybank registers record profit of RM6.27B
Maybank's group profit before tax increased to RM6.27 billion for the year ended June 30, 2011.
CCB post operating income of $30B for 1st half
China Construction Bank realized an operating income of 197.246 billion yuan or around US$30.82 billion for a year-on-year increase of 28.31 percent in the first half of 2011.
Bank of Communications' first half profit up 29.67%
Bank of Communications recorded a first half profit increase of 29.67 year-on-year, helped by a widened net interest margin and higher commission fees.
ANZ Bank has momentum for another record profit
ANZ Bank will likely raise its full-year earnings growth to another record profit.
Woori sale fails on lack of bidders
The sale of Woori Finance Holdings Co. for a minimum of 30% stake fell through again as it attracted only one investor.
HK Monetary Authority rejects pegging HKD to CNY
HKMA head said the HK dollar would lose its advantages if it is pegged to the Mainland’s currency.
Job cuts and outsourcing in Westpac loom
The move will likely boost the lender’s productivity and reduce cost as it expect slow growth period to extend.
Banks in Southeast Asia gears up for integration
Bank Indonesia and Bank Negara Malaysia lead ASEAN banking integration by 2020.
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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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