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Vietnam's Eximbank 2010 net profit up 60%
Vietnam's Eximbank's net profit surged 60 percent to US$87 million last year.
Vietnam's Eximbank 2010 net profit up 60%
Vietnam's Eximbank's net profit surged 60 percent to US$87 million last year.
VietinBank's 2010 net profit soars 169%
VietinBank's net profit jumped 169 percent to US$164.7 million last year. The Hanoi-based bank revealed in a finacial report that its annual lending jumped 43 per cent from 2009 to US$11 billion.
Malaysia to lead sukuk issuance in surpassing US$35B
Bank Negara is optimistic the global sukuk issuance this year will surpass US$35 billion recorded in 2007 when it sustained the highest issuance level.
Moody's: Korea's MSB problems minimally affects commercial banks
Moody's believes that distress among Korean mutual savings banks will have a minimal impact on Moody's-rated commercial banks in Korea.
Cambodia ATM numbers soar as bank sector develops
National Bank of Cambodia NBC recorded that 130 new ATMs were installed by commercial banks last year. This brings the total Kingdom-wide to 501 at the end of 2010 – a rise of 35 percent on 2009.
High dollar price “feeding up” Vietnam banks
Businesses complain that the “dual foreign currency price mechanism” is still persisting.
India paves way for branchless banking
The initiative aims to cover more than 50% of the population who does not have bank accounts.
Woori Finance to acquire Samhwa Mutual Savings Bank
KDIC chooses Woori Finance to take over the lender which was suspended because of its troubled capital condition.
Hana Financial wraps up financing for KEB takeover
Hana Financial announced that it has completed raising funds to acquire a 51.02 percent stake in Korea Exchange Bank.
Korea's watchdog to support ailing savings banks
South Korea's Financial Services Commission pledged to supply liquidity and buy distressed property-linked loans to help ailing savings banks.
BCA net profit down 29% in Q4
PT Bank Central Asia its saw 2010 fourth quarter net profit slide 29 percent as net interest income dropped and competition for consumer loans grew.
DaiABank sets high profit targets for 2011
DaiABank targets over 600 billion dong of pre-tax profit in 2011. The bank planned to submit the targeted year plan to the shareholders in the annual shareholders meeting to be held in the near future.
BoC opens yuan repurchase facility in Hong Kong
Bank of China is opening a yuan repurchase facility in Hong Kong that will boost the Chinese currency's business in the territory.
Card transactions up 32% in Vietnam
Total card transactions made tremendous growth in Vietnam in 2010 against five years ago when the first one was conducted.
Vietnam's commercial banks required to report operational targets
The State Bank of Vietnam issued a regulation to require the state – owned and joint-stock commercial banks to report certain operational targets of their 2011 plans.
Four more Korean savings banks suspended
South Korea's financial regulator on Saturday suspended operations of four savings banks, including three affiliates of the country's largest savings bank, Busan Savings Bank. It cited concerns over liquidity shortage.
HCM City probes forex practices among banks
The HCM City People's Committee has set up a team to investigate if banks have been selling US dollars at above the official selling rate by charging "fees".
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Why Philippine banks, insurers embrace hyper-personalized services
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