Retail Banking
EON Cap’s board accepts Hong Leong acquisition bid
Bid serves "best interest" for EON Cap after mulling on recommendations of Credit Suisse, Goldman Sachs.
EON Cap’s board accepts Hong Leong acquisition bid
Bid serves "best interest" for EON Cap after mulling on recommendations of Credit Suisse, Goldman Sachs.
HSBC Malaysia profit up 20% to $67mln
Domestic demand in banking and sustained growth in regional markets prop up net profit increase.
CIMB Niaga enhances remittance service to migrant workers
Offers remittance, credit services to Indonesian workers as they sent $2.34bln to native country in 2009.
Hang Seng puts up new mainland headquarters
Hang Seng Bank China has agreed to purchase about 7,000 square metres of office and retail space in Shanghai's financial district for a total...
Thai banking keeps stable outlook amid violence
Moody's is maintaining its stable outlook on Thailand's banking system despite the recent escalation of violence in the country. This is based on the...
ICICI bank to take over Bank of Rajasthan
“Expensive” $668mln deal extends ICICI presence in India's northwestern desert state of Rajasthan.
Chinatrust Financial board approves 2.5bln share issue
Price per share of private placement tagged at US$0.51 allows firm to raise US$1.3bln.
Hong Leong's offer for EON Cap too low
EON's independent financial adviser Credit Suisse's statement left lender's board in dilemma.
Metrobank profit up 23% to $56mln
Lender said growth attributed to approximately $33mln rise in other operating income.
CIMB acquires additional stake in Indonesian unit
Malaysian lender CIMB is raising its stake in Indonesia's Bank CIMB Niaga to better capitalise on the southeast Asian nation's fast-growing economy.
State Bank of India profit down 32%
Lender's $413mln net profit below analysts' expectations as it allotted more funds for bad loans.
Taishin Financial targets 15% more clients
Lender eyes expanding its loan business by 10% and emerging as leader in mobile banking services.
BPI: Redefining opportunities
Bank of the Philippine Islands prioritised liquidity over market share last year in anticipation of a difficult environment after the unprecedented...
KDB chief not keen on KEB takeover
High price and post-takeover issues discourage local bidders to bid for once popular M&A target.
ICICI, HDFC violate foreign investment rules
India's commerce and industry minister said decision meant to force lenders to shore up domestic shareholding.
Chinese commercial banks face lack of capital
Analysts say China's listed banks need to raise up to $44bln in 2010.
HDFC profit up 31% to $660.92mln
Net interest income for the quarter soared 27% driven by loan growth.
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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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