News
Maybank eyes 60% debit card transactions growth
71% jump in debit billings over past 6 months encouraged lender to target $733mln transactions.
Maybank eyes 60% debit card transactions growth
71% jump in debit billings over past 6 months encouraged lender to target $733mln transactions.
Hong Leong Q2 profit down 13% at $66mln
Lender is upbeat Malaysia's economic recovery in second half of 2010 would provide it growth opportunities.
Celent publishes Cash Management in China report
Hua Zhang examined the rapidly developing cash management market China and trends in cash management services.
SBI plans raising $4.3bln through rights issue
Amount will be added to lender's target of $10.8bln to satisfy India's growing loans demand.
Maybank Singapore offers equity-linked structured deposit
Blue Skies Structured Deposit's US$7,094 minimum initial investment can yield maturity payout of 10%.
ICBC posts 33% growth in credit cards issued
ICBC card spending grew 76% in 2009 that made it world's fourth largest credit card issuer.
CIMB 2009 net surges to $822.2mln
Increasing input from overseas business and improved capital market operations helped boost record-high profit to $235.8mln.
Banks need to bundle and price right for profit
Having just come back from meeting with banks in Asia, the case for dynamic charging as a driver of customer profitability is clear.
China Merchants eyes raising $3.22bln via rights issue
Rights issue with 1.3-for-10 ratio for Shanghai and Hong Kong aimed to bolster balance sheet.
India facilitates selection of public sector bank chiefs
Retirement of 10 PSB chiefs forced government to appoint one month ahead of schedule.
Bank of Singapore targets doubling assets to US$46bln
OCBC's private banking arm capitalises parent company’s strong base in Southeast Asia to achieve its goal.
National Australia Bank's bid for RBS stakes endangered
Plan of buying $3.1bln assets could be stalled as Britain's Labour government favors Northern Rock.
Approval of ICBC's $530mln bid for ACL likely
China lender targets owning 51% of ACL shares as it strives to gain foothold in Thailand.
China defends 2 banks downgraded by Fitch
Regulator insisted banks are sound despite admitting that country’s excessive lending exposed them to credit risk.
Bank Rakyat Indonesia mulls acquiring Bank Agroniaga’s stake
Bank Rakyat is eyeing more than 50% stake 3 years after its last acquisition.
Bank Rakyat Malaysia eyes $500.4mln net in 2010
But the target couldn't be met if Bank Negara decides to increase OPR by .5%.
National Australia Bank’s Q1 net flat at US$986mln
Subdued credit growth and fierce competition caused NAB to lag behind rivals.
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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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