Retail Banking
Thailand banks' profits surge as loans recover
Kasikornbank, Kiatnakin, Siam City, Tisco among local lenders that reaped growth despite political unrest.
Thailand banks' profits surge as loans recover
Kasikornbank, Kiatnakin, Siam City, Tisco among local lenders that reaped growth despite political unrest.
HSBC releases new RMB investment product
Lender will launch RMB FX-linked deposits and preferential time deposit with 1.41% per annum rate.
Fitch affirms Hong Leong at BBB+
Places EON on positive watch as rating company takes into account HLB's planned $2.18bln EON takeover.
Sumitomo Mitsui mulls investing $5bln in US bank
The lender is scouting potential buy among 20 US banks to acquire 30% of banking profit from overseas clients.
Agricultural Bank of China attracts big-time IPO investors
The bank takes the opportunity on China government's drive to boost growth in country's centre and Western regions.
National Australia Bank earns $387mln from bond issue
Lender’s sixth Maple bond issue surpassed the $194mln target earnings.
Bank Mandiri picks Zulkifli Zaini as president
Zaini will replace incoming Indonesian finance minister Agus Martowardojo.
On-going turmoils cause Thai banks to remain resilient
But analysts say with strong capital and liquidity, stronger banks can still maintain overall performance in 2010.
Kookmin Bank chief to resign before tenure ends
Kang Chung-won's plans of early quitting gives incoming KB Financial chief free rein in reorganising lender.
Philippines' Central Bank intervenes in PBCom sale
BSP persuades the Chung, Nubla and Luy families to divest stakes from lender.
HSBC inaugurates flagship centre to support SMEs
Lender posted 42% increase in lending to SMEs and 22% growth in deposits.
Rabobank divests $213mln stake in Yes Bank
Rabobank sells 11% stake to open bank focusing on agriculture, food, renewable energy and clean technology.
Bank Panin owners terminate plans to sell lender
Bids were lower than expected as Gunawan family eyes offers at 3 times book value.
KB Financial needs 2 years to consolidate lenders
Euh Yoon-dae’s decision gives breather to labor unions that oppose any M&A in banks.
Malaysia grants Mizuho approval for banking licence
Mizuho to establish foothold in Kuala Lumpur as Bank Negara gives it commercial banking licence.
US Export-Import Bank to finance Indonesian banks
11 Indonesian banks to claim $1bln as US taps Indonesian market for exports through Ex-Im Bank.
Standard Chartered strikes deal with China’s Agricultural Bank
MoU enabled lenders to work in wholesale and retail banking operations starting in Hong Kong.
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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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