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EON Bank now integrated to Hong Leong Bank
Customers of the former EON Bank will be able to conduct transactions at all of its 145 branches redesignated as Hong Leong Bank branches beginning today.
EON Bank now integrated to Hong Leong Bank
Customers of the former EON Bank will be able to conduct transactions at all of its 145 branches redesignated as Hong Leong Bank branches beginning today.
TienPhongBank posts over VND180B pre tax profit in 1st half
TienPhongBank gained over 180 billion dong pre tax profit during the first 6 months, up 16 billion dong against its plan.
ABC conducts overseas system operations
ABC launched its overseas system operation service area at the data center of its Head Office and has successfully tookover the core banking system of the Hong Kong Branch.
KLeasing loan growth jumps 41 % as net profit increase by 5.8%
Kasikorn Leasing Company's earnings for the first half of 2011 totaled 237 million Baht, an increase of 5.8 percent over-year, said Mr. Isara Wongrung, Managing Director of Kasikorn Leasing Co., Ltd.
ICBC lends RMB 294M to SMEs in first half
A total of RMB 294.4 billion of loans has been extended to small enterprises through ICBC small business centers, during the first six months of the year. These account for 61% of total small business loans in ICBC. The total amount of small business loans outstanding reached RMB 377.3 billion, representing 64% of the total. The result fully demonstrated the advantage of dedicated ICBC services to small enterprises.
Bangkok Bank boosts Thai-China trade with new CNY services
Bangkok Bank launched a range of China Yuan transaction services to help serve the expansion of trade and investment between Thailand and China.
Krung Thai Bank 2nd quarter stood profit increased to 55%
Krung Thai Bank reported a net income of 10,730 million baht, its highest semiannually net income in 16 years. Its quarterly net income soared 55% year-to-year to 1,868 million baht.
5 Philippine banks establish a credit bureau
BDO, BPI, Citibank Philippines, HSBC and Metrobank agreed to form a body to keep track of good, bad borrowers.
CIMB completes $499.5mn subordinated debt issue
The issue to be used to boost the lender’s working capital is part of a $1.66bn programme.
BPI subsidiary posts $14.9bn total assets under management
The company’s largest product in terms of valuation is mutual funds’ assets reached $1.08bn.
Australia’s major banks eyed to post more huge profits
Yet weakness in Australian economy’s consumer-exposed sectors and the impact of natural disasters may push bad debts up anew.
StanChart Singapore pre-tax profit up 11% to $465mn
The lender’s units in Singapore were its second largest contributor after Hong Kong in the first half.
ICBC takes over Standard Bank Argentina
The $600mn transaction aims to strengthen the lender’s business network across Latin America and enhance our operating capability in the Americas.
HDFC Bank targets setting up branches in remote areas
The lender plans to open 147 branches in remote areas such as Kashmir, North East and Rajasthan.
South Korea to check foreign currency liquidity of banks
South Korea will conduct daily checks on local banks' foreign currency levels to stave off a liquidity crunch amid rising market volatility.
State Bank of India seen to raise $5.09bn via rights issue
The lender targets $3.1bn if the government retains its 59% stake, $2bn for 51% and $2.43bn for 55%.
HSBC Amanah Inks MoU With ITFC
HSBC Amanah Malaysia Bhd tapped Islamic Development Bank's International Islamic Trade Finance Corporation's expertise to implement its Shariah-compliant trade financing.
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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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