Retail Banking
South Korea regulator urged to scrap Hana-KEB deal
Supreme Court’s recent ruling and labor union protests threaten to veto the merger.
South Korea regulator urged to scrap Hana-KEB deal
Supreme Court’s recent ruling and labor union protests threaten to veto the merger.
CIMB Niaga’s credit card holders grow 45%
Aggressive push from the lender’s high-ranking officials added holders to 1mn.
SBI plans expansion in Africa and Southeast Asia
The lender plans to allot $200mn on overseas acquisitions and targets on banks with strong corporate banking services.
Hana to pay addtional $79M for KEB takeover
Hana Financial Group is expected to pay an additional US$79 million to U.S. buyout firm Lone Star for the r Korea Exchange Bank takeover.
HLB to fund working capital with $300M bonds
Hong Leong Bank Bhd plans to issue up to $300 million worth of bonds to fund working capital and for general banking purposes.
ADBC to issue 400B yuan in bonds in 2011
Agricultural Development Bank of China plans to issue 400 billion yuan, 60.6 billion U.S. dollars, in bonds in 2011.
Metrobank posts 39% net profit growth in 2010
Metrobank posted a 39 per cent growth in its net profit in 2010. This is attributed to a surge in non-interest earnings. Officials disclosed that...
RCBC to sell minority stake to boost capital
RCBC is selling a minority stake worth about $100 million to an undisclosed investor as part of efforts to boost its capital.
Kelly to head Westpac for another 3 years
The lender’s chairman denied reports of Kelly’s replacement as she vowed to lead customer-focused retail banking strategy.
National Australia Bank taps China market
Its collaboration with China Huarong Asset Management aims to focus on wealth management, insurance and rural lending.
Rabobank seeks to beef up Australian presence
The Dutch banker taps Australia’s rural banking market as it recruit staff for its expansion in the country.
Court okays Yunus’ removal as Grameen Bank Managing Director
The Bangladesh High Court Tuesday rejected Nobel laureate Prof. Muhammad Yunus’ writ petition, thereby endorsing his removal as managing director of...
Habubank posts 2010 gross profit of $28.5M
Habubank's 2010 net profit inreased by 13 per cent to US$35.7 million from 2009.
Sacombank blames gold price fluctuation for $24.6M loss
Sacombank-STBcombined after tax profit in Q4 2010 fell by 118 billion dong or 24.5 per cent against the same period from the previous year.
Union Bank to raise $243.5mn via preferential allotment
Union Bank shares were barely changed after announcing that it will issue 30.9mn shares to the India government.
Hana picks Yun Yong-ro as KEB CEO
Former Financial Services Commission vice chairman and Securities & Futures Commission chairman will still have to win approval from the board.
ICICI prepares fresh products for rural areas
The bank to offer bank accounts, subsidy transfers and basic insurance for farm produce in the next six months.
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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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