Retail Banking
Sumitomo Mitsui to begin Malaysia operations April 11
Sumitomo Mitsui Banking Corp announced that that its subsidiary in Kuala Lumpur will begin operations on April 11.
Sumitomo Mitsui to begin Malaysia operations April 11
Sumitomo Mitsui Banking Corp announced that that its subsidiary in Kuala Lumpur will begin operations on April 11.
China Merchants Bank 2010 profit up 41.3% to $3.93 billion
The lender’s capital adequacy ratio rose to 11.47% in 2010 from 10.45% at end 2009.
China Merchants Bank mulls capital boost via external sources
The bank aims to grow its loans by 16% in 2011 as its capital adequacy ratio is lower than that of its major rivals.
Former Minister complains of too many banks in Malaysia
Former Finance Minister Tun Daim Zainuddin feels there are now "way too many banks" in Malaysia.
Taiwan's good GDP to boost banks' growth
Taiwan's stable economic outlook and the gradual rise in interest rates could give a modest boost to local banks' net interest margins in 2011.
Bank Rakyat gets go signal to increase share capital
Bank Rakyat received Bank Negara Malaysia's approval to increase its share capital from two billion to three billion.
Bank of Baroda to add branches in New Zealand
Bank of Baroda will expand its banking operations in New Zealand with two new branches in Auckland and Wellington.
Maritime Bank to prioritize SME loans
Maritime Bank will prioritize lending to corporate clients, especially SMEs.
MegaBank Ho Chi Minh raises capital by 6 times
Mega Bank’s Ho Chi Minh branch has been allowed by the State Bank of Vietnam to raise its charter capital to $90million from $15million.
China keen on establishing currency settlement scheme with Taiwan
The move aimed to further boost business of China in Taiwan as economic exchanges across the Taiwan Strait are increasing daily.
Public Bank appoints Tang Wing Chew director
Tang has 45 year experience in financial services industry, starting as a Bank Negara Malaysia assistant economist.
Taishin Financial maintains interest for insurance sector
The company became more driven to acquire life insurance firm after losing bid to buy MetLife Taiwan.
BPI takes over ING Manila unit
38 employees of ING Bank Manila's trust department will be absorbed as a separate division under BPI, which became the manager, adviser and...
Chinatrust Financial buys MetLife Taiwan for $180mn
The move will expand Chinatrust’s capability to offer insurance and diversify its revenue sources.
ICBC fourth quarter profit up 32% to $5.7bn
Rising interest rates have helped China’s “Big Four” banks record double-digit profit surge.
Union Bank of India plans to enter wealth management business
The lender to begin scouting for a partner to offer wealth management products and services after the next 5-6 months.
DBS private bank names Lawrence Lua Southeast Asia head
The lender expects the former Julius Baer banker the experience it needs to tap the booming private banking business in Southeast Asia.
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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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