News
Sacombank blames gold price fluctuation for $24.6M loss
Sacombank-STBcombined after tax profit in Q4 2010 fell by 118 billion dong or 24.5 per cent against the same period from the previous year.
Sacombank blames gold price fluctuation for $24.6M loss
Sacombank-STBcombined after tax profit in Q4 2010 fell by 118 billion dong or 24.5 per cent against the same period from the previous year.
Union Bank to raise $243.5mn via preferential allotment
Union Bank shares were barely changed after announcing that it will issue 30.9mn shares to the India government.
Vietnam inspectors say banks gave loans to wrong borrowers
Vietnam International Bank, Military Bank, Techcombank, Sacombank and Asia Commercial Bank are being blamed for a loss of around US$7.6 million to the state budget.
ICICI prepares fresh products for rural areas
The bank to offer bank accounts, subsidy transfers and basic insurance for farm produce in the next six months.
Bank Negara looking for right mega Islamic bank investors
Bank Negara Malaysia hopes to issue two mega Islamic bank licences this year.
Bank Panin targets eyes 25 % lending growth
PT Bank Pan Indonesia is eyeing a 25 per cent growth from its 2010 lending total of US$6.2 billion.
State Bank of India to receive fund infusion
The Indian government is on the process of assessing the lender’s capital requirement if it should have a Tier I capital adequacy ratio of 9-9.5%.
Punjab National Bank keen to tie up with life insurer
The lender is also interested to buy stakes in life as well as non-life firms.
Bank of China plans to raise funds for capital boost
Move aims to comply with regulatory requirements based on Basel III agreement.
HSBC hungry to expand presence in India
The lender’s chairman is driven to choose the subcontinent above any other country.
HSBC Taiwan plans to issue $621.1mn financial bonds
Local Taiwanese banks follow HSBC’s move to fund expansion of lending business.
Woori Bank to choose president from 6 bets
The group said the selected president to be approved by the board in mid-March.
UOB targets more presence in East Malaysia
The lender aims to expand operations in the region by reaching out to clients through its sales force as it is constrained to set up branches.
Woori Finance hunts for more savings banks
The lender seeks to merge them with Samhwa to nurture a consolidated savings bank with an asset size of up to US$2.7bn.
CIMB Thai posts $27M net profit in 2010
CIMB Thai Bank PCL has disclosed the unaudited operating results for the year ended 31 December 2010 showed a consolidated net profit of US$27.26 million.
The Asian Banking and Finance Retail Banking Awards 2011 now open for nominations
Name your best banking and finance institutions in The Asian Banking and Finance Retail Banking Awards 2011.
Thanachart-SCB integration to create top 5 bank
Thanachart Bank has completed the purchase of shares of Siam City Bank.
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Why Philippine banks, insurers embrace hyper-personalized services
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