Retail Banking

HSBC sells Korean retail operations

HSBC’s international restructuring has hammered its operations in South Korea.

HSBC sells Korean retail operations

HSBC’s international restructuring has hammered its operations in South Korea.

Dhanlaxmi Bank tries to regain investor confidence

Dhanlaxmi Bank will focus on increasing its retail business and cutting costs, CEO PG Jayakuma announced in trying to regain investor confidence.

Miah promoted deputy managing director of Exim Bank

Sirajul Haque Miah has been promoted as the deputy managing director of Exim Bank.

"SMEs are the lifeblood of the economy": Standard Chartered's Tim Hinton

Hinton, Standard Chartered's new global head for SME banking, aims to put greater focus on developing and rewarding staff while giving customers...

Will Singapore banks suffer from lower earnings in 2012?

According to reports, Singapore banks may have to bear the brunt of flat interest margins and low loan growth, but will they really be hit that hard...

China hammers big banks again, warns of severe punishment

China is putting increasing pressure on state-owned banks to reform.

Bank Muamalat anticipates lower 2012 profit

Bank Muamalat is expecting its pre-tax profit for the financial year ending March 31, 2012 to go down from the preceding year.

St. George Bank staffers await promised bonuses

St. George Bank agreed to pay seven former staff the "retention incentive bonus" promised to 118 key staff nearly four years ago.

Kumar is new Prime Bank deputy managing director

Kanti Kumar has joined Prime Bank as deputy managing director.

Merican appointed Maybank Group CFO

Mohamed Rafique Merican Mohd Wahiduddin has been appointed Maybank's Group Chief Financial Officer effective June 1.

OCB's after-tax profit remains unchanged at $15.38M

Orient Commercial Bank generated an after tax profit of VND302 billion or US$15.38 million last year, same as in 2010.

SHB and Habubank approved for merger

The State Bank of Vietnam has approved in principal the merger between Habubank and SHB.

Indonesia to hinder future foreign takeovers of local banks

Indonesian lawmakers resort to using legislative powers as they realize that blocking deals proves futile.

HSBC Viet Nam pre-tax profit up 40%

HSBC Viet Nam’s pre-tax profits grew 40 per cent last year to VND1.97 trillion or US$94 million.

Krung Thai Bank expects smaller Q1 loan growth

Krung Thai Bank lowered its mortgage loan growth projection for the first quarter of the year to US$161.3 million from US$322.68 million.

RCBC and Resona Bank forge alliance

Two of the largest banks in the Philippines and Japan have agreed to work together to leverage growth prospects in their respective countries.

Sarkar ceases to be Allahabad Bank director

Allahabad Bank has informed BSE that Shri D. Sarkar ceased to be the director of the Bank. The former Executive Director of the Bank has joined the...