Retail Banking
OCBC Malaysia 2009 profit slides 1%
Higher loan provisions lower net despite 4% revenue surge and 6% increase in operating profit.
OCBC Malaysia 2009 profit slides 1%
Higher loan provisions lower net despite 4% revenue surge and 6% increase in operating profit.
Banco De Oro 2009 profit up 173%
Higher operating income and better cost management boosted bank's net to $132.53mln.
HSBC to join Bank of Communications' rights issue
HSBC sees BoCom's fundraising move as opportunity to add its 20% stake and increase China investments.
Woori set to be privatised in 2010
Government intends to complete lender's privatisation to maximise company value amid above 300% profit growth performance.
Fitch: Taiwanese banks to see modest improvements in 2010
Fitch Ratings expects Taiwanese banks to generate slightly better earnings in 2010 as they benefit from the modest global economic recovery.
HSBC pre-tax profits down 23.9% to US$7,079 million
Group Chairman Stephen Green says the decrease is part due to the reversal of fair value accounting gains on the bank's own debt.
China banks' loans to foreign shipbuilders surge
Lending increased by more than 10% as banks follow government’s initiative to revitalise shipbuilding industry.
Bank Danamon 2009 net unchanged at $165.24mln
Lender’s CAR topped 20.7% as its equity grew 49% despite flat profit performance.
Hong Leong Q2 profit down 13% at $66mln
Lender is upbeat Malaysia's economic recovery in second half of 2010 would provide it growth opportunities.
Rabobank appoints Soh Hang Kwang CEO of Singapore branch
Under Head of Asia for Rabobank International Robert Jan van Zadelhoff, Soh Hang Kwang will also lead Representative Markets.
MasterCard Worldwide appoints Denzil Lawson head of Regional Business Development
Lawson, who last held the position of General Manager for Middle East and Levant, will now handle business development of the Asia/Pacific, Middle...
SBI plans raising $4.3bln through rights issue
Amount will be added to lender's target of $10.8bln to satisfy India's growing loans demand.
CIMB 2009 net surges to $822.2mln
Increasing input from overseas business and improved capital market operations helped boost record-high profit to $235.8mln.
India facilitates selection of public sector bank chiefs
Retirement of 10 PSB chiefs forced government to appoint one month ahead of schedule.
Bank of Singapore targets doubling assets to US$46bln
OCBC's private banking arm capitalises parent company’s strong base in Southeast Asia to achieve its goal.
National Australia Bank's bid for RBS stakes endangered
Plan of buying $3.1bln assets could be stalled as Britain's Labour government favors Northern Rock.
Approval of ICBC's $530mln bid for ACL likely
China lender targets owning 51% of ACL shares as it strives to gain foothold in Thailand.
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