News
Bank Rakyat takeover of Bank Agro nears
$44mln acquisition in final stages after administrative problems have delayed acquisition plan due last year.
Bank Rakyat takeover of Bank Agro nears
$44mln acquisition in final stages after administrative problems have delayed acquisition plan due last year.
Krung Thai strives to meet NPL standards
Lender now has $1.24bln bad loans as it slices off its second quarter $1.5bln net NPL.
China Everbright receives approval for $3bln Shanghai IPO
Everbright Bank may face big capital shortfall in the next three years without the IPO.
Punjab National Bank targets $1.12bln business in 2010
Estimate 21.1% higher than 2009 as lender will give priority to retail, agriculture and MSME sectors.
China banks see risks in $1.1tln government loans
Lending to unprofitable government companies and projects had saddled China’s banking with 50% non-performing loan ratio.
StanChart injects $100mln capital to its Indonesia unit
To maintain CAR at 15%-16% and would ask for additional capital to be within safe level.
CCB may complete $11.6bln rights issue in October
Rivals ICBC reported to conduct up to $6.63bln rights issue while BoC seeks approval from regulator.
Mandiri 1H 2010 profit up 38% to $477mln
Indonesia approved $775.19mln rights issue between December and February increased optimism for growth.
NAB hits rivals on neglecting business credit
Commonwealth retaliated with claim that NAB performed dismally and foregone opportunity when mortgage market boomed.
OCBC offers iPad banking and trading applications
OCBC becoming the first financial institution to launch applications for one of Apple’s latest gadget, continues to pull on technological innovation for its clients and investors.
Foreign lenders expand their China private banking operations
Renminbi new incremental loans amounted to $675.43bln in 1H 2010 prompted banks to recruit more staff.
Foreign insurance firms woo India's PSU banks
MSIG, Manulife and Ergo are hunting for public sector banks to enhance their fee-based income as cushion from crisis.
Taiwan central bank governor tightens lending
Taiwanese lenders checking more closely borrowers' applications and may deny loans to curb speculation.
Thailand banks' profits surge as loans recover
Kasikornbank, Kiatnakin, Siam City, Tisco among local lenders that reaped growth despite political unrest.
StanChart and HSBC to launch higher-yielding RMB products
Regulators sealed agreement allowing HK financial institutions to offer higher returns on yuan savings accounts.
Maybank seeks 53% additional mobile banking customers
Enhanced M2U mobile capabilities aimed to capitalise on Malaysia's impressive 37% jump in smartphone sales.
HDFC Bank targets more than 20% loan surge
Improving business and consumer confidence in economy helped lender meet its Q1 forecast.
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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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