Retail Banking
Maybank to expand in Laos
Malayan Banking Bhd (Maybank) has applied for a banking license in Laos, said President & Chief Executive Officer Datuk Seri Abdul Wahid Omar.
VietinBank nets VD3.538T in stake sale to IFC
VietinBank successfully offered over 168.5 million shares priced at 21,000 dong each for IFC, posting a net earning of over 3.538 trillion dong.
LBC Bank placed under receivership
LBC Development Bank has been placed under receivership of the Philippine Deposit Insurance Corp.
Mark McCombe resigns as Hang Seng Bank director
Mr McCombe's resignation as non-executive director was effective from September 9.
Reserve Bank of India to hike policy rates on September 16
The RBI will likely pause after a final 25bp hike in policy rates on September 16 and cut 75bp from April onward.
Bank Indonesia to keep policy rate at 6.75% till year-end
DBS expects monetary tightening to kick-start again in Q1 2012.
Scotiabank buys into Guangzhou Bank for $722M
Bank of Nova Scotia will buy close to 20 percent stake in Bank of Guangzhou for about C$719 million or $722 million.
Anita Fung appointed CEO of HSBC Hong Kong
HSBC announced that the bank's Group General Manager Anita Fung has been appointed Chief Executive Officer of HSBC Hong Kong, effective 12 Sept. 2011...
Asian central banks take a pause from interest rate increases
But BBVA Research expects gradual tightening to resume if and when the global environment stabilizes.
“Hong Kong’s banks are well capitalized”: Nelson Man
He said there is no immediate need for Hong Kong’s banks to raise capital amidst the debt crisis in Europe.
Bank of Korea freezes rates of 3.25% amid surging inflation
But DBS expects the BOK to raise the repo rate by 25bps in 4Q before taking it to 4% in 1H12.
Indonesia’s ownership limit plan seen to affect Malaysian banks
An analyst said earnings contribution and the growth strategy of banks would be affected because of the proposed measure.
Union Bank of India names Shri Suresh Kumar Jain as director
The banker will hold post from Sep 01, 2011 tol May 31, 2014.
Bank Rakyat Indonesia sees a 30% surge in 9-month profit
Higher lending and fee-based income growth attributed to earnings rise.
China consortium biggest buyer of 13bn CCB shares of BofA
China asked American bank to sell only half its holdings in CCB.
UOB raises stake in Southern Bank
Singapore’s United Overseas Bank has increased its stake in Vietnam’s Southern Commercial Joint Stock Bank to around 19.99 percent, according to Reut...
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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.
Industry experts push for the rapid progress of unified customer data as a starting point.
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