Retail Banking
Military Bank’s bad debts at 1.65%
Military Bank reported a bad debt ratio of 1.65% till the end of Q3.
Military Bank’s bad debts at 1.65%
Military Bank reported a bad debt ratio of 1.65% till the end of Q3.
First Commercial Bank and China Construction Bank strike deal
The Taiwanese lender has already opened a branch in Shanghai and a financial leasing company in Suzhou.
Bank of China third quarter profit up 9% to $4.7bn
Yet profit is below expected $4.91bn while AgBank’s $5.36bn profit is above the expected $5.33bn.
Metrobank and Wells Fargo strike deal
The Filipino lender targets to provide Filipinos in the US the cheapest remittance service.
Bank of Baroda to get $158.6mn from Indian government
The lender to receive the amount by way of preferential issue of equity shares/ warrants.
China’s big banks to report record profits as bad-debt ratios shrank
Industrial & Commercial Bank of China’s net income surged 28% to 54.4 billion yuan.
ICBC matches forecast with 28% increase in Q3 net profit
ICBC's third-quarter net profit rose 28 percent, helped by an interest rate hike and strong growth in fee income. Reuters reported that the bank...
What you need to know about Bank of China’s disappointing profit growth
BoC’s profit didn’t meet the 31.6 billion- yuan median estimate of eight analysts surveyed by Bloomberg News.
Busted! Goldman Sachs ex-director Gupta screwed for fraud
And it’s not one, not two, but five counts of securities fraud plus one count of conspiracy - now isn’t that something?
Hong Leong Bank launches personal accident plans for households
The lender said customers can start planning for personal accident coverage for three generations from as low as $13 monthly.
Bank Central Asia third quarter profit up 42% to $323.35 mn
Bank Central Asia (BCA), Indonesia's No. 3 lender, on Monday said its third quarter 2011 net profit rose 42 percent from a year ago, driven by strong...
China banks seen to post ‘strong’ profit growth in third quarter
More central government moves to address local government debt issue, decline in inflation and resolution of the European debt crisis may boost...
Thai banks' fourth quarter profit seen to decline
Bad loans, higher costs, and lower demand seen to hit lenders’ results.
South Korea regulator to order Lone Star to sell KEB shares
The American company said to have told the FSC it cannot find a way maintain status as KEB's major shareholder.
Union Bank of India profit up 16% to $71.2mn
The lender’s total income was posted at $1.13bn during the quarter.
Chinese banks may be stuck with record low valuations
Shares of China’s biggest banks fell an average 23% this year.
KB Financial and Woori bid for Jeil Savings Bank
Reports said Hana Financial had also joined the auction on taking over the suspended lender.
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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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