Retail Banking
DBS returns to green with $610mn second quarter profit
Singapore lender DBS Group Holdings Ltd. says it returned to profit in the second quarter despite slumping fee and trading income.
DBS returns to green with $610mn second quarter profit
Singapore lender DBS Group Holdings Ltd. says it returned to profit in the second quarter despite slumping fee and trading income.
Rakyat posts largest profit among Indonesian banks
Bank Rakyat Indonesia's January-June profit rose 57 percent to Rp 6.79 trillion or US$ 801 million from the same period a year earlier.
LienVietPostBank makes debut
LienVietPostBank made its debut in Hanoi on July 29.
Commonwealth Bank's new CEO may set eyes abroad for growth
The low-growth outlook for domestic banking seen to have caused Ian Narev’s appointment.
China Everbright Bank targets more key investors for Hong Kong stock sale
The lender seeks to sell at least 40% to funds, companies or wealthy individuals as it is expected to list in Hong Kong on Aug. 18.
Korea Eximbank to divest KEB stake
The sale to Hana of its 6.25% stake in KEB will earn KEXIM about $209.1mn in net profit.
Commonwealth Bank CEO Ralph Norris to retire in November
The lender recorded maximum profit amidst turbulent times under Norris’ leadership.
Military Bank gets Deloitte's managerial expertise
The Military Bank signed a strategic contract with Deloitte Viet Nam for support in corporate governance and minimise business risks.
Narev appointed CEO of Commonwealth Bank of Australia
Commonwealth Bank of Australia chairman David Turner appointed Ian Narev as new CEDO to replace Ralph Norris who will retire in November.
Taiwan Cooperative Bank and BoComm ink pact
TCB and BoComm to work hand-in-hand to provide banking services as the former sets its sight on the Chinese banking market.
Hana Financial second quarter profit up 27.3%
Yet its sales dipped 28.4% as the bank’s net income soared by 141.6% to $457.7mn.
Bank of China no plans to raise funds in 2011
The lender opted to not to raise capital despite regulator’s imposition of tougher requirements.
Woori’s privatization hits snag anew
National Pension Service’s unwillingness to participate in Woori stake purchase sale raised difficulty for three bidders to secure $6bn capital.
United Overseas Bank to beef up private banking unit
The lender seeks to add its private bankers to 200 by 2016 from more than 40 at present to tap Singapore’s growing ultra-rich population.
StanChart to retain stake in AgBank
The lender’s CEO expressed satisfaction in its collaboration with the Chinese lender amidst speculation that foreign stakeholders may divest stakes...
UCO Bank targets issuing dollar bonds overseas
The public sector bank eyes using Reg S bond in its first offshore bond offering.
South Korea top banks tap insurance market
Sagging profits the nation’s top 4 prompted them to hire more employees to boost insurance business.
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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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