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Chinese banks pursue full bank licenses in Singapore
Chinese officials urged Singapore to consider issuing Qualifying Full Bank licenses to the Singapore branches of two Chinese banks, the Bank of China and the Industrial and Commercial Bank of China.
Chinese banks pursue full bank licenses in Singapore
Chinese officials urged Singapore to consider issuing Qualifying Full Bank licenses to the Singapore branches of two Chinese banks, the Bank of China and the Industrial and Commercial Bank of China.
Maybank remains uninterested in RHB deal
RHB said a potential merger with Maybank or other lenders could be considered if valuations are right.
HSBC posts $6.8B first half pre-tax profit in Asia
HSBC's businesses in Asia delivered profits before tax on a reported basis of US$ 6.8 billion in the first half of 2011.
CIMB Niaga to offer Commidity Murabahah deposit
CIMB Niaga plans to roll out a new Syariah product, Commodity Murabahah deposit, possibly by end of this year.
CIMB penetrates Indian Market
CIMB Group has entered into the Indian market with the opening of its Mumbai office.
Woori Finance returns to profit in 2nd quarter
Woori Finance returned to profit in the second quarter on a sharp rise in non-interest income.
HSBC’s pre-tax profits amount to a whopping US$6.8b in Asia
Hong Kong delivered the highest profit of US$3.1b.
Bank Mandiri expects small loans surge by 25%
Indonesia’s average annual 6% growth opens up opportunities for more small loans.
Maybank takes over 84% stake in Kim Eng Securities Thailand
Maybank’s subsidiary had no plan to delist from the Thailand’s stock exchange as a free float of 15% was still held by retail investors.
China regulator: Loan provision of banks not enough
CBRC raised concern that $1.7 trillion of lending to local governments may trigger a series of bad debts that could lead to another banking bailout.
Rakyat posts largest profit among Indonesian banks
Bank Rakyat Indonesia's January-June profit rose 57 percent to Rp 6.79 trillion or US$ 801 million from the same period a year earlier.
S. Koreans' Internet banking use inches up in Q2
The use of Internet banking in South Korea rose 0.7 percent in the second quarter from three months earlier.
China Everbright Bank targets more key investors for Hong Kong stock sale
The lender seeks to sell at least 40% to funds, companies or wealthy individuals as it is expected to list in Hong Kong on Aug. 18.
Korea Eximbank to divest KEB stake
The sale to Hana of its 6.25% stake in KEB will earn KEXIM about $209.1mn in net profit.
China, Kazakhstan to open special accounts on currency swap
The central banks of Kazakhstan and China have agreed to open special accounts under an agreement on yuan/tenge swap.
Singapore banks’ loan growth jumped 20% in 5 months
Kim Eng says DBS may profit the most with $719m in 2Q11.
Vietnamese banks receive record financing from IFC
International Finance Corporation has loaned a record US$505 million to Vietnamese banks for the fiscal year 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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