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Bank Ekonomi increases profits by 55%
Bank Ekonomi reported profit before tax of US$33 million for the nine months to 30 September 2009. The figures represent an increase of 55 percent on the same period in 2008.
Bank Ekonomi increases profits by 55%
Bank Ekonomi reported profit before tax of US$33 million for the nine months to 30 September 2009. The figures represent an increase of 55 percent on the same period in 2008.
State Bank of India bests competitors due to loan schemes
State Bank of India's effective strategies have become the key for the bank's dominance in certain sectors.
China banks approach Newbridge for Taishin stake
The Commercial Times reported that Chinese banks want to buy $923-million worth of Taishin stakes.
Industrial & Commercial Bank of China aims expansion
Establishment of branches in Malaysia and acquisitions in Thailand commence ICBC's Southeast Asia expansion move.
StanChart India beefs up shares advisory operations
South Asia CEO wants to tap share selling that has generated $3.11 billion this year.
Siam Commercial Bank's growth rate to miss target
Siam Commercial Bank, however, expects 7 percent lending growth due to aggressive moves and better global economy.
Bank of China, ICBC to establish presence in Taiwan
The two banks agree to grab opportunity of improving China-Taiwan relations to expand business.
Punjab National Bank finds no takers for PNB Gilts
Lack of buyer leaves PNB to acquire PNB Gilts as an option.
Soros invests $100mln in Minsheng
Soros Fund Management LLC, founded by George Soros, has spent $100 million to invest in China Minsheng Banking Corp Ltd. It plans to issue 3.82 billion H shares in an initial public offering on the Hong Kong Stock Exchange, sources reported.
Allahabad Bank retains its conservative growth strategy
Present de facto CEO continues to adopt bottomline growth strategy introduced by his predecessor.
Hana Bank's ringgit notes get 'A'
Standard & Poor's Ratings Services had assigned its 'A' long-term issue ratings to the Malaysian ringgit senior unsecured notes issued by Hana Bank. Hana Bank issued MYR710 million of notes or US$210 million with a maturity date of 30 December 2011, and MYR290 million or US$85.8 million of notes with a maturity date of 29 June 2012. The Republic of Korea guarantees these notes, which Hana Bank drew down under its MYR1 billion or US$296 million medium-term note program.
Woori, Citibank Korea cope with hefty bad loans
The two lenders grapple to slash their bad loans to comply with government's bad loans requirement.
Bank of Baroda commences life insurance business
Bank of Baroda enters the industry via a joint venture with Andhra and a U.K. company.
Krungthai cites rising number of clients
Krungthai beat expectations by releasing 80,000 more new cards and earning $6 million net.
OCBC's proposed subordinated notes rated 'A'
Standard & Poor's assigned its 'A' issue rating to OCBC's proposed US dollar-denominated subordinated notes issue due 2019.
CIMB's 9-month profit up 27.7%
CIMB reported a net profit of US$593 million for the 9 months of 2009 due to divisions' good performances. This represents a 22.7 percent year-on-year growth, equivalent to net earnings per share of US$0.168. The Group's annualised net return on equity was 14.7 percent.
China banks: SMEs are more profitable
Research shows banks can profit up to 30% more from loans to SMEs.
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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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