Retail Banking
ICBC third quarter profit up 27% to $6.4bln
The lender acquired a small insurer to initiate step toward its goal of becoming a financial conglomerate.
ICBC third quarter profit up 27% to $6.4bln
The lender acquired a small insurer to initiate step toward its goal of becoming a financial conglomerate.
China regulator penalises lenders for 'hot money' inflows
Branches of BEA and BoC among the eight cases that made 197 illegal transactions totaling $7.34bln.
Bank of Communications profit up 24% to $1.37bln
Despite double digit growth, third quarter profit still fell short of the $1.42bln median analysts’ estimate.
Bank Rakyat profit up 35% to $321.53mln
Financing income rises for the first nine months behind strong growth in all business segments.
Vietnam grants license to Bank of Communications
Opening a branch in Ho Chi Minh City is part of its move to expand its 10 overseas branches.
Danamon plans to launch $330mln bonds in November
The lender to use the proceeds to bolster its long-term targets as its CAR stood at 16.4%.
SBI raises $226mln from retail bond sale
Investors bid for 20 times the bonds offered in the sale as SBI earlier targeted $112.22mln.
Malaysian banks focus on mass affluent market
The lenders eye to tap on the underserved segment that accounts for 6% of population.
Bank Negara Indonesia plans launching $1.4bln rights issue
BNI plans a December rights issue after Indonesian government delayed Bank Mandiri's $1.5bln plans until 2011.
Korea to divest its 57% stake in Woori
But Woori's $10.56bln market cap and complex domestic laws seen as challenges to potential buyers.
Krung Thai Bank profit up 17.4% to $167mln
Government infrastructure projects helped boost the lender’s profitability, which is $23.43mln above forecast.
Temasek divests its entire $643mln Hana shares
Analysts say move shows shifting of Temasek’s focus to resources sector-analysts while crippling Hana.
Bank of China-Temasek JV to launch first branches
JV aims to hire 14,000 staff and open 400 branches as it compete with AgBank-StanChart JV.
Chinatrust' Jeffrey Jr. Koo faces 9-year sentence
Ex-vice chairman charged with insider trading and banking regulation breaching over the firm's planned acquisition of Mega Financial.
Bank of Taiwan to offer Renminbi settlement
Customers can save about 1% in the cost of yuan settlement services.
PBCom stake divestment unlikely
Seeks to sell of major stake as existing shareholders are not eager to contribute additional capital.
Regulator penalizes Kookmin for breaching board rules
The bank offended the rule regarding compensation of directors as it incurred travel expenses worth $29,700.
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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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