Retail Banking
TrustBank targets 80% growth in profit
TrustBank's business targets in 2011 include hiking its chartered capital to 5 trillion dong, up 66.7 percent over 2010.
HSBC Vietnam gains $69.7M pre-tax profit
HSBC in Vietnam earned a pre-tax profit of $67.9 million in 2010, a year-on-year increase of 38 per cent against the figure previous year.
China banking system stable, says Moody's
Moody's said the outlook for China's banking system is stable over the next 12 to 18 months. It added that the country's banks have adequate...
Malaysian Banks expected to maintain ROE with Basel III
Accenture expects Malaysian banks to maintain their return on equity after implementation of Basel III.
NAB Private Wealth names 2 new private bankers
The company expects Michael Parsons and Anna McCreery to bring outstanding expertise in financial services and wealth management.
Industrial Bank plans $7.62bn bond sale
The lender to use proceeds to increase stake in Union Trust to 56%.
Woori hungry for more savings banks acquisitions
The lender plans to buy one to two additional savings banks to tap microcredit finance business.
Kookmin Bank sells 0.65% of parent company’s stake to Sumitomo Mitsui
The Korean lender offered 2.5mn shares in KB Financial to Sumitomo at $50.53 per share.
EON Bank on hunt for new chief
The lender to find replacement of Michael Lor through talent search companies.
ACB increases online dong deposit rate
ACB adjusted the dong demand saving rate for its online savings with a highest level of up to 9.6 per cent per year.
Agrobank eyes $66M in deposits
Agrobank hopes to raise US$66 million in deposits through a six-month campaign beginning May.
Sumitomo Bank in Vietnam to increase capital by $470M
The State Bank of Vietnam approved the applications for additional capital increase of nearly $470 million by Sumitomo Mitsui Bank's HCM City and...
Philam Life takes over BDO PELAC stake
Philam Life bought 5% stake in PELAC a year after the former’s bancassurance agreement with BDO expired.
Bank of Baroda to hire 4,000 new personnel
The recruitment would bolster the lender, whose total business more than doubled in the last 3 years.
State Bank of India mulls $4.5bn rights issue next year
The delay is caused by the failure of approval from the federal government, which owns about 59 percent of the bank.
China Construction Bank fourth quarter $3.73bn profit below expectation
The lender’s falls short of the expected $4.17bn forecast and posted a $610mn impairment charge.
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Why Philippine banks, insurers embrace hyper-personalized services
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Insurance
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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