Retail Banking

Woori Finance's net up 33% in Q1

Woori Finance's first-quarter net jumped 33 percent to 668.6 billion won or US$590.8 million from 502.6 billion won last year.

Woori Finance's net up 33% in Q1

Woori Finance's first-quarter net jumped 33 percent to 668.6 billion won or US$590.8 million from 502.6 billion won last year.

ANZ posts record profit on expanding China business

The Australia and New Zealand Banking Group Ltd reports a record profit of US$3 billion in its first-half ending March.

Bank Jabar enjoys 21% lending growth

Bank Jabar reported a 21 percent increase in lending in the first quarter of the year.

Will DBS get a go-ahead for its bid for Bank Danamon?

If so, what can both banks expect from the takeover?

Shadow banking in China moderates

Looks like the regulations in 2011 were successful in reducing major risks by slowing shadow banking activities.

Mitsubishi UFJ looks overseas for salvation

Japan’s biggest bank intends to generate some 40% of its profit overseas from the present 28%.

Vietnam's ACB posts $35M net in Q1 2012

ACB reported a net interest income of 1.651 trillion dong in the first quarter of 2012, increasing by 29 percent over the same period last year.

Sri Lanka's Seylan Bank ups Q1 net profit by 59%

Seylan Bank reported a net profit-after-tax of Rs. 406.8 million or US$3.129 million in Q1 of 2012.

East-West bank in successful IPO

The first Philippine bank to IPO in eight years sees its shares oversubscribed by more than three times.

Bank Mandiri to offer renminbi financing

Bank Mandiri expects to provide renminbi financing services to Mainland clients within three years.

ICBC ups net profit by 14% in Q1

ICBC's net profit rose 14 percent year on year to 61.34 billion yuan or US$ 9.77 billion in the first quarter of 2012.

Philippine Savings Bank doubles net profit to $12.9M

Philippine Savings Bank reported a net income to US$12.9 million in the first quarter of 2012.

CIMB Niaga's net profit surges 29% in 1Q12

Thanks to its operating income which rose 30% to Rp3.17 trillion.

Habubank announces plan to merge with SHB

Habubank announced its draft plan to merge with the SHB.

DBS, UOB, OCBC have high-quality capital base: Fitch

Thanks to the banks’ high capital standards, close regulatory supervision and strong funding franchises.

Public Bank Q1 pre-tax profit up 6.2%

Public Bank's first quarter pre-tax profit increased by 6.2 percent to RM1.245 billion from RM1.173 billion from the previous quarter.

Japanese banks' net profits soared in 2011

Looks like Japan's banking sector managed to thrive in the midst of disasters.