Retail Banking

AMMB enjoys 19th month of consecutive profit growth

AMMB's 9-month pre-tax profit until Dec 31, 2011 surged to RM1.598 billion from RM1.439 billion it posted for the same period last year.

AMMB enjoys 19th month of consecutive profit growth

AMMB's 9-month pre-tax profit until Dec 31, 2011 surged to RM1.598 billion from RM1.439 billion it posted for the same period last year.

Graph of the Week: AsiaPac banks’ exposure to the EU crisis

Singapore and Hong Kong will be the hardest hit should euro area banks retreat.

S&P assigns stable outlook for Sacombank

Standard & Poor’s assigned its ‘B+’ long-term and ‘B’ short-term counterparty credit ratings to Sacombank.

India's Bank of Baroda sees Africa as" center of growth"

Bank of Baroda plans to expand its African business with ten new branches in the next four to five months.

Singapore banks want exemption from US FATCA rules

Banks in Singapore are lobbying against the US' Foreign Account Tax Compliance Act or Fatca.

Big NZ banks experience soaring profits

Earnings of ANZ, ASB, BNZ, Westpac and Kiwibank for the last six months of 2011 rose by 25 percent to $2.8 billion.

HSBC elated with progress in Malaysia

HSBC is pleased with the progress of its Malaysian operations, which has been growing in the last two years.

Malaysia's Bank Islam still enamored with Indonesian market

Bank Islam Malaysia Bhd still has its eyes set on expanding in Indonesia.

ING accountant sentenced to 7 years for stealing

Rajina Rita Subramaniam, a Sydney-based accountant, got a seven year jail sentence for stealing A$45 million from her employer, ING Holdings.

Citi revamps Asian management structure

Citigroup Inc's Asia-Pacific chief executive announced a new management structure with the region's markets head, Rodrigo Zorrilla, promoted to COO.

China bends over backwards for its banking industry

Regulators are inclined to give Chinese banks more time to meet tougher capital rules requirements.

Western credit cards finally invade China

Citigroup, Inc. has become the first western bank and the second foreign bank permitted to issue its own credit card brand in China. It is the world...

CIMB's non-interest income to surpass expectations: HwangDBS Vickers

A research group forecasts CIMB Group's non-interest income for financial year 2012 to be better-than-expected.

Singapore’s top 3 banks brace for lower earnings

Flat interest margins and low loan growth are expected to take their toll on Singapore’s leading banks.

China tells banks to boost the “real economy”

China’s Premier and Vice Premier want banks to keep veering away from speculators and instead support the real economy.

Landbank posts $211M net income in 2011

The Land Bank of the Philippines posted a record high net income of P9 billion or US$211 million in 2011