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VietinBank's remittance service covers over 15% market share
The total amount of remittance transferred to Vietnam is estimated at about $8 billion. Of which, the total inward remittance sent to Vietnam via VietinBank reached $1.2 billion, rising 30 percent against 2009's and accounting for over 15 percent of the market share.
VietinBank's remittance service covers over 15% market share
The total amount of remittance transferred to Vietnam is estimated at about $8 billion. Of which, the total inward remittance sent to Vietnam via VietinBank reached $1.2 billion, rising 30 percent against 2009's and accounting for over 15 percent of the market share.
Hana to sell shares for KEB takeover
Hana Financial Group plans to issue shares worth US$1.25 billion in a bid to help finance its takeover of Korea Exchange Bank.
IBK net income up 5.3% on improved lending
Industrial Bank of Korea's fourth-quarter earnings rose 5.3 percent from a year earlier on improved lending margins.
Massive job cut leads to KB Financial Q4 loss
KB Financial Group swung to a loss in the fourth quarter from a year earlier due to a massive one-off charge for its job-cut program.
Vietnam banks expect to post strong profit growth
Commercial banks in Vietnam posted solid earnings in 2010 with an average growth in profit of over 20 per cent. Most of the growth is ascribed to lending and foreign exchange trading.
Vietnam bank loans to double by end 2013
Bank loans in Vietnam will double by the end of 2013 on the back of subsidized interest rate schemes and large consumer credit demand.
KT to acquire 20% of BC Card from Woori
KT seeks to take advantage of increasing use of mobile devices for payments, whose transactions amount to $37.4bn.
Bank Negara Malaysia demands Islamic banks sharia compliance
Malaysia’s central bank preserves sanctity of the country’s Islamic banking as it assures that products and services are operated under a robust sharia framework.
Bank Rakyat unveils first Islamic debit card
Orchid Card can be used with Mastercard Worldwide network for retail purchases, withdrawals and online transactions.
Vietnam President upbeat with ACB's development
Vietnam President Nguyen Minh Triett said he believed that with its advantages in capital and its professionalism, Asia Commercial Bank would develop faster and stronger. He sees it gradually expanding to penetrate regional and global markets.
Hong Kong banking remains resilient
Hong Kong’s banking sector remained resilient last year despite uncertainties in the global landscape.
Korea Eximbank needs to increase capital
The new head of South Korea's state-run trade bank on Wednesday stressed the need to increase the bank's capital in a bid to beef up its capacity to secure overseas projects.
Korea's credit card loans jump 38% in 2010
Loans extended by South Korean credit card companies surged in 2010 as they beefed up cash lending to offset falling earnings from credit purchases.
NAB maintains campaign to abolish fees and cut prices
The lender pushes move despite amidst Senate Economics Committee report on banking competition.
Shinhan fourth quarter profit down 44% to $328mn
The lender still on hunt for CEO as acting Chair and CEO Ryoo Shee-yul is not included on the list.
HDFC Bank offers salary accounts for Indian Army
Aside from $11,039 free life coverage, salary account’s other features includes pension accounts, wealth advisory services, as well as debit and credit cards.
Shinhan Financial's Q4 net up 42.2%
Shinhan Financial Group's net income stood at US$329.9 million for the October-December period. Compared with with the US$232 million for the same period in 2009, this is a 42.2 per cent increase.
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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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