Retail Banking

DBS inaugurates new headquarters building in Shanghai

Singapore's largest bank continues to grow its branch footprint in China with the inauguration of DBS Bank Tower located in Lujiazui.

DBS inaugurates new headquarters building in Shanghai

Singapore's largest bank continues to grow its branch footprint in China with the inauguration of DBS Bank Tower located in Lujiazui.

HSBC, Thanachart among the remaining Siam City bidders

Lenders still eager to acquire 47.6 percent stake in Siam City after three other bidders quit.

Korea Exchange Bank's 2009 net grows by 13.9%

Lower loan-loss reserves and a one-off gain attributed to KEB's growth.

ANZ receives unibank license from Philippines' central bank

ANZ became the first foreign bank to be granted universal status by Bangko Sentral ng Pilipinas.

EON Capital turns down Hong Leong's bid

EON said Hong Leong's $1.4 billion offer undermined former's latest projected growth.

State Bank of India considers raising $4.3bln

SBI plans procuring funds through equity within 2 years to reach capital requirement target.

China Merchants Bank gets nod on rights issue

Regulator's approval could bring in additional $3.2 billion after lender's expansion.

Korea Development Bank quits bid for Siam City

HSBC, Bank of Nova Scotia and Hong Leong remain as bidders after KDB saw potential risks.

HSBC belies report on China bank acquisition plans

Bank's chief said 19 percent stake in BoCom was enough as it abides by China's policies.

Siam City's suitors to submit final bids

HSBC and KDB compete to seize the chance of extending operations in the under-banked country.

Michael Pratt appointed to Standard Chartered board

Michael Thomas Pratt will succeed Stefano Paolo Bertamini as Director of Standard Chartered Bank Hong Kong effective 1 February.

Hang Seng unveils Foshan sub-branch

Hang Seng China opened its first cross-city sub-branch in the Nanhai District, Foshan City.

ING Asia Private Bank renamed Bank of Singapore

OCBC has completed the acquisition of Singapore-based ING Asia Private Bank Limited and its subsidiaries for approximately US$1,446 million.

BPI Globe BanKO to lend $21.67bln for microfinance

Venture resulting from partnership of BPI and Globe Telecom aims to maximise lender’s wholesale microfinance portfolio.

South Korea mulls hastening sale of Woori Finance

Sale of 16 percent stake of the financial firm speeds up its privatisation.

Arnold appointed President of Bank of Ayudhya

Mr Mark Arnold succeeds Bank of Ayudhya's former President and CEO, Mr Tan Kong Khoon. He had announced his wish to step down from his role on 31...

Vietcombank reports 45% earnings growth in 2009

Surge in profits was propelled by government's stimulus package that fostered bank's lending.