News
China Development Bank plans to set up Taiwan branch
Taiwan’s Cross-Strait Common Market Foundation that the number of Taiwan banking institutions that are approved to set up China branches has grown to seven.
China Development Bank plans to set up Taiwan branch
Taiwan’s Cross-Strait Common Market Foundation that the number of Taiwan banking institutions that are approved to set up China branches has grown to seven.
ANZ to transfer more jobs offshore
The bank employs more Bangalore and Manila workers to take advantage of cheaper labor costs.
KB Financial steps up its restructuring efforts
The group’s spinning-off of its credit card unit aimed to improve competitiveness of its flagship banking unit.
Representatives from 22 countries visited GRGBanking
33 Consul-generals and counselors visited GRG Banking industrial park on the morning of December 9, 2010 to see the product demonstrations.
Malaysian banks extend double digit net gains
Malaysian banks continue their double-digit net earnings growth to a fifth straight quarter.
GRG wins US$34.6m contract
A 54% increase in the confirmed total revenue came in from BOC in 2010. This came from the signed contract between BOC and GRG Banking Equipment.
China banks still encountering big risks despite going global
Chinese banks are seen to accelerate overseas expansion by boosting marketing strategies and providing services and financial instruments for high-end customers.
Bank of Philippine Islands launches online solution for SMEs
The Internet-based cash management solution delivers services to clients who need to constantly improve efficiency.
Nikko Asset Management acquires DBS Asset for $105mln
The Japanese trust company taps Asia's millionaires as DBS will take 7.25% stake in Nikko Asset.
Bank of Baroda to add 900 branches and recruit 7,500
The global financial crisis spurred the bank to grow its local and international business operations.
Maybank to inject $50mln into its Philippines unit
The additional capital will be used for offering more loans in the country.
Search is on for 8 public sector bank chiefs
Indian government kicks off move to replace chiefs of 8 banks that will retire next year.
Indonesian regulator grants Maybank extension to cut BII stake
Bapepam gave the Malaysian bank until June 1 to divest BII stake which it bought for pricey $2bln.
Korea Exchange Bank workers union rejects Hana takeover
Employees fear Hana Bank’s lower profit compared to KEB may spread to the latter.
Bangkok Bank sees bigger 2011 loan growth
Bangkok Bank's expects its 2011 lending to surpass the the 4-5 percent expected this year. The bank ascribes this to consumption, investment and government spending.
5,000 customers applying for National Australia Bank compensation
The claims seek to recover any third-party costs customers face from online transactions following technical failure.
ICICI Bank terminates special mortgage offer
India's central bank is discouraging "teaser loans" due to a higher risk of delinquencies.
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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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