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StanChart 2010 private bank assets soars 31%
5,000 new client accounts added and the number of relationship managers up 15% to 450 in the same year.
StanChart 2010 private bank assets soars 31%
5,000 new client accounts added and the number of relationship managers up 15% to 450 in the same year.
Hong Leong Bank appoints 3 senior managers
Hor Kwok Wai, James Chong Wai Choy, and Ramon Albert Chelvarajasingam hired from different companies.
KB Kookmin Card aims to top competition
The bank will set eyes on product diversity and convergence with telecom sector.
Vietnam's banks set surprisingly high profit targets
Most commercial banks in Vietnam have set high profit targets for 2011 amid uncertainties of the economy and unpredictable macro-policies.
India replaces Hong Kong as StanChart’s profit hub
The lender’s aggressive moves in its diversified nature of its business propelled growth in India.
State-owned Bangladesh banks disburse 40% agri-loans
The four state-owned commercial banks and two specialized banks in Bangladesh have disbursed 40% of special agricultural loans within seven and a half months.
UOB to hire 2,000 in Southeast Asia this year
UOB is planning to hire some 2,000 staff in Singapore and the region this year.
Malaysia's private sector net financing up $2.37B
Loan demand remained robust with higher loan applications, particularly from the household sector.
Vietnam banks ordered to prioritise industrial, farm lending
Vietnam's commercial banks will double compulsory reserves if they fail to reduce the proportion of outstanding loans made to the non – manufacturing sector. The State Bank of Viet Nam ordered it reduced to 22 per cent by June and 16 per cent by the end of the year.
Woori to expedite savings bank takeover
Woori Finance will expedite its rescue of a Samhwa Mutual Savings Bank. It intends to and resume the operations of the said mid-sized savings bank as early as this month.
India to inject $1.34bn into PSU banks
The government’s move targeted to improve Tier-I capital to 8% and to escalate growth of state-owned banks.
State Bank of India receives $1.9bn bids for bond issue
The lender got 8.5 times the value of its target of its $223.2mn issue aimed to meet its assets growth.
Chinatrust to join forces with China Development Bank
The Taiwanese bank also planned to forge ties with Bank of China.
StanChart HK to shell out HK$1.48bn for Lehman-linked product buyers
The lender to repurchase 95% of the outstanding transactions of Lehman Brothers-related notes despite its non-admission of liability.
BEA to put up 22nd branch in China
By June, Bank of East Asia will have 22 branches in the Chinese mainland.
ICBC's cross-border yuan settlement exceeds $22.83B
ICBC handled more than US$22.83 billion or 150 billion yuan of cross-border trade settled in its own currency in January. This is according to a statement released on the bank's website.
HSBC earns better profit behind Asian expansion
The lender not prioritising M&As as it expects to benefit from a rise in interest rates in the Asian-Pacific region due to strong inflationary pressures.
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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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