News
HDFC Bank capitalizes on rural India growth
The bank's is optimistic as the growth of Bharat is driven by implementation of India's agricultural reforms.
HDFC Bank capitalizes on rural India growth
The bank's is optimistic as the growth of Bharat is driven by implementation of India's agricultural reforms.
Bank of Taiwan gets Taiwan regulator’s nod to open Shanghai branch
Yet the lender still needs approval from Chinese lender to complete upgrade.
Indonesia's Islamic bank assets forecasted to grow by 55%
The assets of Indoenesia's Islamic banks are expected to grow by half this year. Indonesia's central bank noted that the state increasingly turns to the sector for their financial needs.
BDO's total resources reach $23B in 2010
Banco De Oro's consolidated resources has breached the US$ 22.8 billion mark at the end of 2010. The figure is a 16-percent increase from the previous year's level of US$19.69 billion.
ABC to speed up pace of development in 2011
ABC will build itself into an outstanding large listed bank beginning 2011.
ICBC posts 500,000 cash management customers for 2010
ICBC secured the first place in the ranking of Chinese cash management banks by scoring more than 500,000 customers as of the end of 2010.
More sharia banks planned in Indonesia
Several banks expressed interest in establishing sharia banks in Indonesia.
Maybank Islamic forecasts 30% growth in 2011
Maybank Islamic expects a 30 per cent growth in Islamic finacing this year.
RI sharia banks’ expects 45% asset growth in 2011
Bank Indonesia expects sharia banking assets to grow by 45 percent this year after five banks established sharia business units in 2010.
China Everbright Bank upgraded due to stable government control
Moody's upgraded China Everbright Bank's (CEB) long-term foreign currency deposit ratings to Baa3 from Ba1. It also upgraded its short-term foreign currency deposit ratings to Prime-3 from Not-Prime. The outlook is stable.
Moody's sees stronger franchise value in Shenzhen Development Bank
Moody's affirmed Shenzhen Development Bank's Ba2 long-term foreign currency deposit Rating. It also affirmed its D- bank financial strength rating and Not Prime short-term foreign currency rating.
Vietnam central bank increases net capital injections
SBV adjusted the terms on the open market operations and made strong net injection of capital to support the liquidity for commercial banks.
DBS beats 4th quarter forecasts
DBS promised better returns after beating expectations with a 38 percent rise in quarterly profit.
DBS denies talks on Danamon purchase
DBS denies having talks with Temasek on buying its 68 percent stake in Indonesia's Bank Danamon .
Woori keen on M&As of Southeast Asia banks
The bank excluded China in moves as it does not allow foreign financial companies to have management rights.
Westpac targets institutional banking business expansion
The lender wants to capitalize on expected corporate lending boom by expanding institutional banking.
PNB plans to extend coverage to 4,700 villages by March '12
The lender wants to expand reach to rural masses by appointing business facilitators or business correspondents.
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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.
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