Retail Banking
Hana likely to get nod for KEB takeover in March
South Korea's FSC will likely give its final regulatory approval by mid-March for Hana Financial Group's takeover of Korea Exchange Bank.
Hana likely to get nod for KEB takeover in March
South Korea's FSC will likely give its final regulatory approval by mid-March for Hana Financial Group's takeover of Korea Exchange Bank.
Bank Rakyat pre-tax profit up 10.8%
Bank Kerjasama Rakyat registered a 10.8 percent increase in pre-tax profit to US$563 million for the financial year ended Dec 31, 2010 from US$507.8...
BaoVietBank targets $9.5M profit
BaoVietBank reached a total asset value in 2011 of US$1.19 billion, increasing by 181 percent against the previous year.
Maritime Bank and Prudential continue bancassurance cooperation
Prudential Vietnam and Maritime Bank signed a cooperation agreement whereby the bank's staff will directly distribute the life insurance products...
VIB 2010 gross profit surges by 72%
Vietnam International Bank gross profit last year surged 72 percent to $50.8 million.
Talks on KDB-Bank Panin $1bln deal fail
Differences on the conditions presented by both parties caused failure of the KDB to buy 45% of Panin’s stake.
Michael Lor resigns as EON Bank CEO
Datuk Mohzani Abdul Wahab and Dr Zaha Rina Zahari will share the responsibilities left behind by Lor.
BoComm releases 20 bln renminbi-denominated bonds in Hong Kong
The bonds, with terms of between two years and five years, are targeted at institutional investors and individual investors.
Guoco denies plan of acquiring Bank of East Asia
Yet the conglomerate admitted it raised its stake in the bank to 10.06% from 9.98%.
ABC takes majority stake in Jiahe Life
ABC will hold 51 per cent stake of Jiahe Life, becoming the controlling shareholder. Shares held by the former five shareholders of Jiahe Life...
Maybank eyes more media exposure in China
Maybank has entered into a strategic partnership with Xinhua News Agency.
Vietnam's Eximbank 2010 net profit up 60%
Vietnam's Eximbank's net profit surged 60 percent to US$87 million last year.
VietinBank's 2010 net profit soars 169%
VietinBank's net profit jumped 169 percent to US$164.7 million last year. The Hanoi-based bank revealed in a finacial report that its annual...
Moody's: Korea's MSB problems minimally affects commercial banks
Moody's believes that distress among Korean mutual savings banks will have a minimal impact on Moody's-rated commercial banks in Korea.
Military Bank raises deposit rates for foreign currency savings
Military Commercial Joint Stock Bank announced to increase the deposit rates for depositors in US dollars and euro by up to 1.5 percent per year...
VNPost gets nod to make capital contribution in LienVietBank
Prime Minister Nguyen Tan Dung approved Vietnam Post's capital contribution in LienVietBank by merging its member company of Vietnam Postal Savings...
Woori Finance to acquire Samhwa Mutual Savings Bank
KDIC chooses Woori Finance to take over the lender which was suspended because of its troubled capital condition.
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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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