Retail Banking
Chinatrust mulls buying financial companies in Asia
Part of the lender’s M&A scheme is to set up subsidiaries in China or buy stakes in local banks.
Chinatrust mulls buying financial companies in Asia
Part of the lender’s M&A scheme is to set up subsidiaries in China or buy stakes in local banks.
Bank Mandiri to allocate 1/3 of profits for dividends
Bank Mandiri will allocate 35 percent of its net profits for dividends, amid dividend cuts by other state-run lenders.
Bangkok Bank's 15-month fixed deposit offered with 3% interest
Bangkok Bank has introduced a special 15-month fixed deposit account offering an interest rate of 3.00 percent per annum, paying interest at the end...
ABBank gains VND189B in Jan-April
ABBank estimated to reach accumulative pre-tax profit of 189 billion dong and total asset value of 34.969 trillion dong by end of April.
ING Bank to open representative office in Hanoi
The State Bank of Vietnam has allowed the ING Bank N.V. of the Netherlands to open a Representative Office in Hanoi. To be called the ING Bank N.V. –...
NAB issues $796.5mn residential mortgage securitisation
The issue is backed by 3,976 residential mortgage loans by an NAB unit.
State Bank of India fourth quarter profit down 99%
The huge drop resulted from tax expenses and provisions, which surged as it ended “teaser loan” program that charged borrowers below-market rates in...
Union Bank goes into mutual fund business
The lender joined forces with Belgium’s KBC Asset Management to form Union KBC Asset Management Company amidst crowded mutual fund market.
EON to distribute $593.9mn balance cash proceeds among shareholders
The group announced a dividend of $1.71 per share that constitutes the first tranche of the total cash proceeds.
CIMB not keen on RHB stake
The lender plans to engage in M&A moves outside Malaysia but within the fast-growing Southeast Asia region.
Hana, Lone Star mulls KEB deal deadline extension
A source said both parties were positive on extending what may be the largest banking deal in Korea.
Bloomberg names OCBC world’s strongest bank
Aside from OCBC, DBS and UOB also entered the list of top 20 banks, wherein Canadian banks dominate with 5 entries.
This time, Hana may target Woori for M&A
Hana picks Woori as its backup as uncertainty on the conclusion on its bid for KEB grows.
KDB sole potential buyer of Woori’s 57% stake
South Korea raises minimum stake purchase threshold to 30% as it resumes Woori’s $6bn stake sale.
HSBC needs more than 2,000 new staff in Singapore and China
The lender to add 200 employees in China yearly until 2016 and 1,000 in Singapore during the same period.
Bank of East Asia launches new iPhone app features
The lender’s iPhone app now includes stock trading, consumer loan, property loan, and One Touch Service Hotlines features.
Deutsche Bank's China JV hires CCB’s Jiang Peixing
Jiang is expected to help manage Deutsche Bank’s venture with Shanxi Securities Co.
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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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