Retail Banking
Power Finance Corp eyes foray in banking
Power Finance Corporation is actively seeking a role in the booming banking sector of India. It is in the process of appointing a consultant to guide...
Power Finance Corp eyes foray in banking
Power Finance Corporation is actively seeking a role in the booming banking sector of India. It is in the process of appointing a consultant to guide...
HSBC eyes to extend renminbi products to Australia
The lender’s introduction of new products to Australia to hedge their currency risk in doing business with China, a major consumer of Australian...
South Korea willing to ease rules to sell Woori
FSC to allow local bank holding firms to buy only 50% stake in a holding firm with government stake to improve chances of privatising Woori.
Vietnamese banks hit the credit brakes
Inflation is out of control so the The State Bank of Vietnam has limited credit growth of banks to 20% in 2011.
PBCom sells $99.28mn worth of shares
PBCom has about 52.6mn common shares and another 120mn preferred shares to which the floor price of P25 a share would apply for this bidding.
China banks to raise $12.34bn bonds in Hong Kong
Bank of China and BoCom mull to issue up to $30.84bn in bonds despite market doubts that Hong Kong can accommodate such a massive fundraising.
BCEL, China bank sign deal to ease currency exchange
BCEL signed an agreement with Pudian Bank of China to facilitate the opening of accounts and simplify currency exchange between the two banks.
Indonesia banks step up launch of microlending units
Lenders keen on seizing opportunity to expand market and boost profit by tapping the less affluent.
Bank Mandiri plans buying micro banks
Availability of funds the allows the lender to expand network by buying medium sized banks.
China Minsheng Bank targets issue of $3.15bn bonds
The bond issuance could help to expand the bank’s funding sources and lower the cost of funding.
Taiwan and Taishin to manage Chang Hwa board election
Taiwan earlier planned to increase the government's stake in CHB and to persuade Taishin to sell some of its CHB stocks to state-owned banks.
South Korea regulator pushes for Woori sale
The FSC chairman said the partner who acquires Woori will enjoy enough economic benefits and wanted to see foreign bidders.
Punjab National Bank seeks buying 33% of MetLife India stake
PNB is keen on investing in an insurance company which would offer higher stake at an attractive price.
RHB Cap first quarter profit up 9.3% to $126.1mn
Improvement on net interest income, other operating income, income from Islamic banking business and lower allowance for impairment on loans drove...
Fubon first quarter profit up 71% to US$354.9mn
The lender posted a return on asset of 1.18% and return on equity of 18.75%.
StanChart may exit from South Korea
While the lender’s growth lags rivals following focus as it shifts to retail lending, it says remains committed to South Korea.
CIMB Q1 net profit up 9.4%
CIMB Group Holdings Bhd's net profit for first quarter was 9.4% higher year-on-year at RM917million.
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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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