News
Woori Finance net profit down by 50.6 %
Woori's first-quarter earnings fell by 50.6 per cent from a year earlier on an absence of one-off gains.
Woori Finance net profit down by 50.6 %
Woori's first-quarter earnings fell by 50.6 per cent from a year earlier on an absence of one-off gains.
KB Financial net up 23.3%
KB Financial Group's first-quarter earnings rose 23.3 percent from 2010. This is due to improved interest margin and a fall in loan-loss reserves.
IBK's first quarter earnings up 50.7%
Industrial Bank of Korea's first-quarter earnings jumped 50.7 percent from last year. The bank ascribes the growth to increased interest income and lower loan-loss reserves.
DaiABank earns VD80.8B in first three months
DaiABank a total profit of 80.8 billion dong, equalling to 63 percent of the whole year profit in 2010.
Union Bank of India begins offering New Pension Scheme
The product is now available in 3,000 branches across the country to promote income security to the elderly to all sectors of the society.
Korea regulator may decline approval of Hana-KEB deal
Doubts on the merger surface as Financial Services Commission is reviewing whether Lone Star Funds is qualified to be Korea Exchange Bank's largest shareholder.
ACB registers Q1 profit of VD900B
Asia Commercial Joint Stock Bank or ACB reported gaining a total pre-tax profit of 900 billion dong in the first quarter.
Bank Syariah Mandiri 2010 earnings at Rp 418.5B
PT Bank Syariah Mandiri booked Rp 418.5 billion in net profits last year, a 43.8 per cent increase from the Rp 290.9 billion it earned in 2009.
China only needs US$1tn reserve?
Take it with a grain of salt. Many media reported that a PBoC advisor, XIA Bin, said China needs only "US$1tn reserves" and it will not rule out a one-time appreciation.
Korea to intensify credit card supervision
South Korea's Financial Supervisory Service is tightening supervision of credit card companies on worries that their easy loans may lead to default crises.
Decision over KEB buyout delayed till May
The South Korean financial regulator's decision over the eligibility of Lone Star Funds as the biggest shareholder of a local bank may get delayed till next month.
TMB first quarter results reflect quality growth
TMB Bank Public Company Limited earned a net of THB1,096 million from the operations of the Bank and its subsidiaries during the first quarter of 2011.
HDFC Bank tops in online banking
A study said they spend comparatively much lower time (less than half) on ICICI Bank while users spend maximum time on HDFC Bank and Citibank sites.
South Korea regulator urges banks to support builders in trouble
Major banks have been blamed for magnifying builders' problems by refusing to roll over maturing loans or forcing them to repay their loans.
Maybank receives approval for notes programme
The programme also enables Maybank to issue notes, senior and/or subordinated notes in currencies other than ringgit.
RHB Bank targets expansion in Singapore and Indonesia
The lender to get more out of the impressive performance of its Singapore unit as its pre-tax profit there jumped by 49%.
StanChart Vietnam reports 2010 revenues of $40.5M
Standard Chartered Bank Vietnam reported total revenues of $40.5 million and pretax profit of $4.2 million for 2010.
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Why Philippine banks, insurers embrace hyper-personalized services
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